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Why is the RandomX algorithm being hyped to the moon?

TL;DR: don't assume the average return from mining RandomX will be higher than the current CryptonightR algorithm. Hold back your excitement for now.
I think we all need to bring something to our attention. Over the last month, there have been so many topics and comments here on MoneroMining about the new 'RandomX' algorithm. This algorithm is supposed to be launched a couple of months from now.
There are many questions like "is this a good hashrate for my CPU"? "What's your power usage on RandomX"? "How can I tune my CPU for RandomX"? "How would the algorithm perform on this hardware"? I think these are great constructive comments that are at the heart of what miners stand for. We miners love optimizing our rigs and educating ourselves on technological trends.
But I've noticed many questions such as "what parts should I buy for a RandomX mining rig"? "Is an AMD Ryzen 9 3900x a good investment"? "What parts will give me the most profit when RandomX launches"? Many of these questions are asked with very little research.
I think there's a gold fever brewing behind some of these comments. The kind of motives that have bankrupted many miners in the past bubbles.
As we have seen in 2014 and 2018, anybody who enters the crypto industry with an 'I want easy profit' attitude almost always goes bankrupt. They buy coins or hardware at the peak of the bubble. Sometimes they get lucky and sell their coins or rigs right before the crash (only to get burned in a future bubble later). But most of the time, these new users lose most of their investment.
As a veteran miner, a lot of alarm bells ring in my head when I read these kinds of RandomX hype posts.
I have no reason to think CPU mining will be more profitable on RandomX than on the current CryptonightR.
In the GPU mining community, I have the feeling that there's a lot of resentment over the 2018 crypto recession and the whole 'ASIC miner invasion'. I think people here are feeling burned over their losses last year and the evil ASIC takeover, and want an opportunity for the little guy to start mining again. So we're falsely seeing the RandomX ray of hope as a floodlight, and getting overexcited.
And in general, the ordinary person cannot make a significant, steady profit in the crypto mining industry. The guy who wrote that thread is very rich and even 100 GTX 1080 Ti's cost nothing to him. The reason he became wealthy is because he avoided get-rich-quick gimmicks back in the day (like the dotcom sites) and focused on learning technology for the future. Mining will not make you rich, and especially not RandomX coin tossing.
If you love RandomX, build your rig now, keep benchmarking and undervolting and have fun at it. But if you just want profit, wait until RandomX is up and running. And consider all the risks involved with a new algorithm and commercial mining in general.
So I hope we can all reconsider whether we're excited about RandomX for the right reasons. Let's try to avoid jumping to conclusions about profitability and hold off on the Newegg 'checkout' button. Even though 12 cores at 70 watts sounds awesome. Happy mining!
submitted by Hammereditor to MoneroMining [link] [comments]

The Massive Value Prop of SUMOkoin: a Corporate Lawyer's Analysis

Can you guys help us all out and upvote those posts?
Trying to do my part to spread the word.
MERRY CHRISTMAS TEAM! (SKIP TO END FOR TLDR :)
[Note: this post was originally drafted on Christmas Day and subsequently edited]
[Disclaimer: I am posting this in triplicate on cryptocurrency cryptomarkets monero for visibility]

***Intro*** 
This is my first try at one of these. I am going to make a case for SUMOkoin (SUMO on Cryptopia) from a pure VALUE perspective. I’ve been researching privacy coins deeply and feel I’ve reached a sufficient conclusion to merit sharing SUMO.
SUMOkoin is a fork of MONERO (XMR). In my opinion, XMR is hands down the most undervalued coin in the top 15. Once people figure out how to value privacy into the value of a coin, XMR, along with the other privacy coins like SUMO, will skyrocket.
I am not here to argue SUMO is superior to XMR. That’s not what this post is about. I don’t find debating the merits of SUMO vs. XMR interesting as investing in SUMO has nothing to do with SUMO overtaking XMR. If anything, I’d argue that the merits of XMR underline the value of SUMO. What I do find interesting is return on investment (“ROI”). If you do want to argue about XMR vs. SUMO, I can point you to this infographic: https://i.redd.it/0eqfkg1hq2501.jpg

***Background*** 
I’m a corporate lawyer in Silicon Valley. my practice focuses on venture capital financing (“VC)”) and mergers & acquisitions (“M&A”). basically I spend all day every fucking day reviewing and revising cap tables, stock purchase agreements and merger agreements.
I started using BTC in 2014 in conjunction with silk road and TOR. I had a minor conniption when I recently calculated how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA, and PHORE.
My crypto investing philosophy is based on betting long odds. As Warren Buffet said, consolidate to get rich, diversify to stay rich. That said I strongly recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d happily strike out several times to have a chance at hitting a 100x. This is probably born out of working with VCs who do the same only with companies, not coins. I view myself as a mini-VC in the cryptosphere.
__
The Number 1 thing I've taken away from corporate law is that it pays to get in EARLY
Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen space.
At the time of this writing, SUMO has a Marketcap of $5 million. Given it’s market cap and its XMR-likeness, I am positive SUMO is the best value investment in the Privacy Coin arena at this time. PHR is another competitor, but at $50m market cap, I feel it has lost its mega potential for you and me.

***Merits of SUMO*** 
So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off?
1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin.
2) Increased Privacy. Which brings us to point 2. SUMO is doing a couple things to increase privacy and nimbleness simultaneously. Monero currently does many of these too — though at the fork MONERO could not. Don’t forget Monero is also 5.5 billion market cap to SUMO’s 5 million.
a) RingCT. All transactions are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction) which gives passes the threshold to resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh?
b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this.
3) Fungibility aka “Digital Cash”. This term gets thrown about a bunch, but basically, it means ‘how close is this coin to cash in terms of usage?’ Well, Sumokoin is one of a few cryptos that can boast true fungibility — SUMO can act just like physical cash i.e. no other people can find where the money comes from and how many have been transferred.
5) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on putting together some solid fundamentals like a great wallet and a dedicated mining application that lets you start mining with your current CPU. Check out the “Sumojoin Easy Minder” - simply run and start mining.
6) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They already have a GUI wallet, litewallet, plus those unlimited sub-addresses to boot that I mentioned above.
7) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining.
8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have done an excellent job delivering ahead of schedule. If you’re an engineer or have managed projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren't bailing out with a pump and dump. The dev team is based in Japan.
9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto.
10) Marketing. Which brings me to my final point - and it happens to be a weakness. SUMO needs a community effort to distribute information to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses.
To get mainstream SUMO needs something like this VertCoin post: https://www.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/

***Market Cap Discussion*** 
For a coin with using Monero’s tech, 5 million is minuscule. For any coin, 5 mil is nothing. Some MC comparisons [as of December 25th, 2017]:

Let's talk about market cap ("MC") for a minute.
It gets tossed around a lot, but I don’t think people appreciate how important getting in early can be. Say you buy into SUMO at 5 million MC. Things go well and 20 million new money gets poured into SUMO. Now the MC is 25 million. Your gains are 4x (you invested $1,000 and now you have 5,000, netting 4,000).
Now let’s says say you bought at 10 million instead of 5 million. $15 mill gets poured in until the MC again reaches 25 mil. Your gains are 1.5x (you put in $1,000, you now have 2,500, netting 1,500)
Remember: investing at 5 mil MC vs. 10 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — meaning every 25 million that gets added to the MC pot, you 4X you're returns.
Example MC = 100
I strongly believe SUMO can and will 20x in Q1 2018 and 100x by end of Q4 2018 reach $500,000 MC. There is ample room for a tricked out Monero clone at 500 MC. That’s 100x.
Guess how many coins have 500 mil market caps? 48 as of this writing. 48! Have many of these coins with about ~500 mil MC have you heard of?
MaidSafeCoin?
Status?
Decred?
Veritaseum?
SUMO has potential to surpass those.

***The Importance of Privacy*** 
I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution.
Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable.
Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down.
Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions.

***TL;DR:*** 
2018 = Year of Privacy Coins // Monero is legit aka is the most undervalued coin in the Top 15 // SUMO is low MC clone meaning great ROI opportunity // ROI is everything // did I mention ROI is everything? // Consolidate to get rich; diversify to stay rich // extra strong code foundation + strong dev team + SUMO team financial incentives locked in multi-year vesting schedule // un-limited sub-addresses associated with Wallet & Litewallet means complete anonynimity // RingCT w/ 12+1 minimum mixins means complete confidentiality // legit Fungibility (like cash) means MARKET VALUE of privacy is baked into the currency // Mining Made Easy for those interested/able // is Botnet mining resistant // has unique market appeal to UNSOPHISTICATED DEEP pockets due to similarity to cash.

Legal Disclaimer
THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DO NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
submitted by UCBerzerkeley to sumokoin [link] [comments]

The Massive Value Prop of SUMOkoin: a Corporate Lawyer's Analysis

https://coinmarketcap.com/currencies/sumokoin/
MERRY CHRISTMAS TEAM! (SKIP TO END FOR TLDR :)
[Note: this post was originally drafted on Christmas Day and subsequently edited]
[Disclaimer: I am posting this in triplicate on cryptocurrency cryptomarkets monero for visibility]

***Intro*** 
This is my first try at one of these. I am going to make a case for SUMOkoin (SUMO on Cryptopia) from a pure VALUE perspective. I’ve been researching privacy coins deeply and feel I’ve reached a sufficient conclusion to merit sharing SUMO.
SUMOkoin is a fork of MONERO (XMR). In my opinion, XMR is hands down the most undervalued coin in the top 15. Once people figure out how to value privacy into the value of a coin, XMR, along with the other privacy coins like SUMO, will skyrocket.
I am not here to argue SUMO is superior to XMR. That’s not what this post is about. I don’t find debating the merits of SUMO vs. XMR interesting as investing in SUMO has nothing to do with SUMO overtaking XMR. If anything, I’d argue that the merits of XMR underline the value of SUMO. What I do find interesting is return on investment (“ROI”). If you do want to argue about XMR vs. SUMO, I can point you to this infographic: https://i.redd.it/0eqfkg1hq2501.jpg

***Background*** 
I’m a corporate lawyer in Silicon Valley. my practice focuses on venture capital financing (“VC)”) and mergers & acquisitions (“M&A”). basically I spend all day every fucking day reviewing and revising cap tables, stock purchase agreements and merger agreements.
I started using BTC in 2014 in conjunction with silk road and TOR. I had a minor conniption when I recently calculated how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA, and PHORE.
My crypto investing philosophy is based on betting long odds. As Warren Buffet said, consolidate to get rich, diversify to stay rich. That said I strongly recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d happily strike out several times to have a chance at hitting a 100x. This is probably born out of working with VCs who do the same only with companies, not coins. I view myself as a mini-VC in the cryptosphere.
__
The Number 1 thing I've taken away from corporate law is that it pays to get in EARLY
Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen space.
At the time of this writing, SUMO has a Marketcap of $5 million. Given it’s market cap and its XMR-likeness, I am positive SUMO is the best value investment in the Privacy Coin arena at this time. PHR is another competitor, but at $50m market cap, I feel it has lost its mega potential for you and me.

***Merits of SUMO*** 
So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off?
1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin.
2) Increased Privacy. Which brings us to point 2. SUMO is doing a couple things to increase privacy and nimbleness simultaneously. Monero currently does many of these too — though at the fork MONERO could not. Don’t forget Monero is also 5.5 billion market cap to SUMO’s 5 million.
a) RingCT. All transactions are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction) which gives passes the threshold to resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh?
b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this.
3) Fungibility aka “Digital Cash”. This term gets thrown about a bunch, but basically, it means ‘how close is this coin to cash in terms of usage?’ Well, Sumokoin is one of a few cryptos that can boast true fungibility — SUMO can act just like physical cash i.e. no other people can find where the money comes from and how many have been transferred.
5) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on putting together some solid fundamentals like a great wallet and a dedicated mining application that lets you start mining with your current CPU. Check out the “Sumojoin Easy Minder” - simply run and start mining.
6) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They already have a GUI wallet, litewallet, plus those unlimited sub-addresses to boot that I mentioned above.
7) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining.
8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have done an excellent job delivering ahead of schedule. If you’re an engineer or have managed projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren't bailing out with a pump and dump. The dev team is based in Japan.
9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto.
10) Marketing. Which brings me to my final point - and it happens to be a weakness. SUMO needs a community effort to distribute information to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses.
To get mainstream SUMO needs something like this VertCoin post: https://www.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/

***Market Cap Discussion*** 
For a coin with using Monero’s tech, 5 million is minuscule. For any coin, 5 mil is nothing. Some MC comparisons [as of December 25th, 2017]:

Let's talk about market cap ("MC") for a minute.
It gets tossed around a lot, but I don’t think people appreciate how important getting in early can be. Say you buy into SUMO at 5 million MC. Things go well and 20 million new money gets poured into SUMO. Now the MC is 25 million. Your gains are 4x (you invested $1,000 and now you have 5,000, netting 4,000).
Now let’s says say you bought at 10 million instead of 5 million. $15 mill gets poured in until the MC again reaches 25 mil. Your gains are 1.5x (you put in $1,000, you now have 2,500, netting 1,500)
Remember: investing at 5 mil MC vs. 10 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — meaning every 25 million that gets added to the MC pot, you 4X you're returns.
Example MC = 100
I strongly believe SUMO can and will 20x in Q1 2018 and 100x by end of Q4 2018 reach $500,000 MC. There is ample room for a tricked out Monero clone at 500 MC. That’s 100x.
Guess how many coins have 500 mil market caps? 48 as of this writing. 48! Have many of these coins with about ~500 mil MC have you heard of?
MaidSafeCoin?
Status?
Decred?
Veritaseum?
SUMO has potential to surpass those.

***The Importance of Privacy*** 
I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution.
Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable.
Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down.
Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions.

***TL;DR:*** 
2018 = Year of Privacy Coins // Monero is legit aka is the most undervalued coin in the Top 15 // SUMO is low MC clone meaning great ROI opportunity // ROI is everything // did I mention ROI is everything? // Consolidate to get rich; diversify to stay rich // extra strong code foundation + strong dev team + SUMO team financial incentives locked in multi-year vesting schedule // un-limited sub-addresses associated with Wallet & Litewallet means complete anonynimity // RingCT w/ 12+1 minimum mixins means complete confidentiality // legit Fungibility (like cash) means MARKET VALUE of privacy is baked into the currency // Mining Made Easy for those interested/able // is Botnet mining resistant // has unique market appeal to UNSOPHISTICATED DEEP pockets due to similarity to cash.

Legal Disclaimer
THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DO NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
submitted by UCBerzerkeley to CryptoCurrency [link] [comments]

Holo: A dreamer or a terminator?

Project Rating:
The level achieved: A-
Total Score: 7.66
I. Project Introduction
Holo (hot) is the first app of Holochain, and it is also a pass/fuel to Holochain's. Holochain is not a blockchain, but a Holochain. It is a decentralized application platform built on the basis of distributed hash table (DHT) technology. Its feature is that every user on the network can have its own security classification chain, can operate independently, can interact with other devices on the network and can increase data by itself. In addition, it can merge, split, interaction between the chains. It can realize the edge of the decentralized computing, and extended, centered by agent, and then achieve the horizontal and vertical expansion. The Holo chain is a new data storage and transmission mode, which can be used for any terminal device similar to a smartphone. They can run independently, become part of a peer to peer network, and can not be connected to a centralization server. In this way, Holo chain developers can build distributed applications and services on this basic, protecting users' privacy, allowing users to obtain their own data.
II. Project Evaluation
2-1: Market Analysis:
Scored: 1.67/Out of 2.1

2-1-1: Market Space
Network security, users' data and property rights, and trusted value circulation and transfer are the main priority that internet giants aim to build in various clouds. it is also a strong back up for rising blockchain technology. The applied value of the Holo chain also lies in this and has the opportunity to become a strong one that can not be ignored in this market.
For example, cloud services revenues represented by Amazon are increasing by more than 30 % annually, reaching more than 250 billion dollars by the end of 2017. Amazon, Google, and other large companies dominate the cloud computing industry.
Holo chain represented as the next generation encryption application level platform is based on the encrypted money market under the Ethereum (ETH) intelligent contract. Let's take a look at the data of September 2017.
According to preliminary incomplete statistics, the monthly transaction volume reaches hundreds of billions of us dollars, and various applications are continuing to generate. The Holo chain is a supplement to the blockchain; The share price for competitors in the future depends on the application of the product and the common agreement of the users, the market potential can be measured by trillions.
2-1-2: Market Weakness:
Scored: 8
Blockchain 1.0 version is bitcoin. The technology of blockchain is abstracted from bitcoin, and a series of digital currencies are derived from BTC, such as BCH, LTC to DASH, MONERO, ZCASH and so on. Until now, the market value of these digital currencies is still at the forefront. However, improved 1.0 version will have a great potential to extend its extensibility.
Blockchain 2.0 is developed by Ethereum. It adds Turing's intelligent contract, which makes the trusted code become a reality, detonated the crowdfunding market and greatly expands its imagination. The various modules provided on the platform enable users who need to be applied on the ground to only combine the modules, greatly reducing the cost and improving the efficiency.
The custom version of blockchain 3.0 is led by EOS, to make changes for Ethereum, in order to overtake the previous version, along with the framework of graphene, using the DPOS consensus mechanism, to improve the scalability, stability, transaction costs, and congestion. To improve efficiency through the relative centralization of 21 nodes, balance security, performance, and centralization on this basis, to carry millions of business applications that are explosive and not to participate in the millions of users and blockchain investment. However, after multiple rounds of testing, EOS did not achieve the legendary effect. In fact, even if it can effectively improve the shortcomings of the Ethereum, its base structure can not fundamentally solve these problems of version 2.0.
Performance, scalability, congestion, high transaction fees, energy consumption and energy consumption will always suppress large-scale commercial applications. In order to secure the efficiency of the centralization system and at the same time, if security, de-centralization, and performance cannot be applied, do we have to think of another choice?
2-1-3: Compatibility
Scored: 7
Range in between: 7-8/Out of 10
Whether there is a blockchain 3.0 version and whether it can solve the defects of the version 2.0, it is still a question. So far, there is no effective way, and the reformed version of EOS at present can only be called version 2.5.
If we can't solve the flaw in blockchain 2.0 version, there will be no blockchain 3.0, it will be an opportunity for Holo chain who can reach the main network within 3 or 6 months. Taking a step back, there is a market worth trillion-dollar
2-1-4: Application Scenario
Scored: 8
Range in between: 7-8/Out of 10
A.Cloud computing

Cloud service is the application of Holo chain in the traditional digital world, which is completely different from the matrix model of Internet giants like Amazon, Facebook, it adopts a completely point-to-point decentralization model similar to the blockchain.
B.Operation mode
Purchasing preconfigured equipment or installing the holo app on the existing computer equipment, the system will run in the background and allocate spare computing power. When other users need hosting, your device will be able to provide storage and processing, through hosting distributed applications, you are supporting a website for authorized individuals and communities, in exchange, you can get Holo fuel, a micropayment encryption currency, which can be sold to others or used to pay for your hosting.
A fully point-to-point decentralized distributed cloud owned and run by individual users themselves.
2-1-5: Token Mechanism
Scored: 6
Range in between: 5-6/Out of 10

Holo Token Distribution Diagram:
75% use for sale
25% use for teamwork
Total circulation: 1776 billion
Sales (full circulation):1332 billion
ICO time:29/3/2018-28/4/2018
ICO price:10000HOT=0.0022671895(About a HOT=0.001 RMB)
The current unit price: 0.007 RMB
On the exchange:Hotbit、Top.one、IDEX、Bilaxy、Mexc
The distribution of tokens and the extra large circulation of tokens can be de-centralized in terms of ecological construction and will be beneficial to the operability of application users. However, the speculation on the price of tokens will have some adverse effects. It took only three days from the end of ICO to the first exchange to go online,the exchange is still very concerned about the value that may be generated behind ICO, Whether you can log on to the mainstream trading platform ( e.g. value-oriented system Bian ) before you go to the main service online trading platform will play a key role in the price trend after it.
2-2: Active Level
Total Scored: 0.56/Out of 0.7
Scored:8
Range in between: 7-8/Out of 10
Facebook:
Facebook has 2263 users, and its content posts are active. Recently, the introduction of hardware devices has taken up a certain amount in overall amount.
Twitter:
There are 1472 fans on Twitter and 722 tweets. The registration time is 2017 August, and the update of tweets is still very frequent.
Telegram:
There are 7723 members on the telegram, and the members are very active
Others:
Multiple official communities have been set up at home
In general, the official initiative is not enough. It is more from the bottom up,or the official energy is more focused on product development.



2-3: Risk Assessment
Total Scored: 0.42/Out of 0.7
Development difficulty:
Scored:7
Range in between: 7-8/Out of 10
Holo chain brings up a concept that uses the proxy as center manager, let the users decide when it is the right time to maintain consensus, which means that when the A and B have reached consensus, only until the developer C uploads the code, three of them do not need to reach a consensus. Each node can have its own source of truth, only when there is a need to share with other nodes, the Holo chain with DHT technology is an underlying structure, it continuously verifies distributed hash table (DHT). The main applications of the current application of DHT technology include BitTorrent, Git, Storm Botnet, Freenet, Yacy, IPFS, and Holochain. The first five applications belong to the traditional Internet technology application, and the latter two involve the current hot blockchain technology.
That is to say, DHT technology has been widely used in the traditional Internet, HDT technology has a strong background, and on the technical viewpoint, recently need more development of various modules based on DHT, and some modules of the blockchain are used for reference, so that the original difficulties has been reduced a lot, and the basic development over 2 years time has given it a bright future. Within a few months, the main network has laid a solid foundation. So overall, the difficulty level has been given to medium stage.
2-3-2: Degree of competition
Scored:5
Range in between:5-6/Out of 10
How to get the ecological system of business? Users need to establish the ecological system is the core element of the project. In the face of the ETH that promotes the commercial application of the blockchain and the establishment of a powerful ecosystem, NEO has also established a small ecological system, as well as the EOS and Ae, the competition between the main network of the public chain since ETH has never stopped after the attention has been paid. This is the future standard competition in the blockchain. The Holo chain uses a new application platform to compete with the entire chain to attract commercial users to build Dapp, which is much harder than from 1 to 100 than from 0 to 1.
If we confirm the feasibility of DHT technology, a lot of followers will be attracted by this, which will be a great threat to Holo chains.
2-3-3: Other Risks
Scored:6
Range in between:5-6/Out of 10
The main network will be available within following three to six months, and there is a much lower risk of a technical hit than a major subsequent change. Lacking operating members will also become a shortcoming. A lack of consensus may result in a risk that a small number of people sabotaging it that will greatly reduce efficiency.


2-4: Key Technology
Total Scored:0.95/Out of 1.05
Technology Innovation scored: 9
Range in between:9-10/Out of 10

Holo chain adopts DHT (distributed hash table technology) as the underlying technology, and DHT is a distributed storage method. This distributed network does not require a central node server, but each client is responsible for a small range of routing and is responsible for storing a small portion of the data to achieve the address and storage of the entire DHT network. The DHT network also replicated redundant information on the closest keywords to avoid single node failure. We can imagine the whole DHT network into a big city, so each client, like in every corner of the city, map fragments, mapping the terrain in the vicinity of above, after the summary, the fragments of the whole city came out.
DHT is a distributed storage and addressing technology. Through DHT data structure, it corresponds the KEY and VALUE in some way. Use the hash () function to map a KEY value to an index: hash (KEY) = index. In this way, you can match a KEY value with an index. Then the VALUE corresponding to this KEY value, it is stored in the marked storage space marked by index. In this way, every time you want to find the VALUE, the value will correspond to KEY, you only need to do a hash () operation to find it.

The Holo chain stores the whole network accounts distributed on the participating nodes and guarantees the book integrity and the searchable retrievability through the DHT addressing technology. Perhaps I have not made clear the key to the difference. The account book on the Holo chain is the same as the blockchain, which is a unified version of the whole network, but the book is not a copy of each person, but only a copy of the original, each of which is stored in part, and each person stores the parts related to their own transaction and state transformation. Holo officials often say that each of the words on the Holo is a chain. Of course, everyone has their own transactions, that is, their own chain, their own accounts, but their own accounts are also part of the whole net general ledger, through DHT technology and cryptography technology to make these divisions indivisible. The books stored by each node are unique and necessary. Compared with the blockchain, it greatly reduces the space and bandwidth of the duplicates and also preserves the advantages of the decentralization of the blockchain and the tampering of the blockchain.
2-4-2: Code Status
scored: 9
Range in between:9-10/Out of 10
The code has been open source and updated very frequently
The code is also approved and praised by professionals
2-5: Execution Status
scored: 0.84/Out of 1.05
Range in between:7.8/Out of 10
The method of project party propaganda is somehow different. It only shows the roadmap for this year. It shows the serious attitude towards it. It is true that some long-term development is difficult to achieve.
Online Alpha Edition; after ICO
In the 2nd quarter, we tested the online and offered Holo fuel to the early stage, while carrying out the safety audit and the ability to adjust DHT parameters and behaviors.
In the third quarter, the team has packed the equipment, using Holo fuel as the first transaction and released the version of alpha3 for the core application service of the main network.
In the fourth quarter, we completed one hundred million transactions per hour as a test. At the same time, we ran the Holo network on ten thousand devices and finally released the main chain public beta.
The implementation is online with progress, with a pity, that last year and this year’s progress cannot be displayed.
2-6: Team Evaluation
scored: 1.12/Out of 1.4
Investment team
Scored:8
Range in between:7-8/Out of 10
ArthurBrock as a founder and chief architect
In 1989, he graduated from Michigan State University, studying artificial intelligence, and interdisciplinary learning in computer science, linguistics, cognitive psycHology, and philosophy. In 2004, he was the chief technical officer and head of the money system design at Targeted currencies, and during that time he founded his own enterprise: Geek Meister, focused on the innovative monetary system and founded the MetaCUrrency Project company in 2008. The focus of technology development is Ceptr, trying to build an operating framework for distributed applications, to create a point to point platform for new shared resources, and to create a reliable protocol for free exchange of information by devices, and Holochain is the operating framework of distributed applications focused on ceptr projects. In 2016, the Holochain project was formally established and designed as a platform for the next generation of encryption applications to provide P2P distributed computing beyond the performance of the blockchain.
Eric Harris-Braun Chief executive officer of the co-Founder
He is also co-founder of the MetaCurrencyProject project, and co-founder of Glass bead software and free software developer Harris-braun Enterprises, a peer-to-peer network application provider. The company created a sophisticated data collection website. In 1994, he released the Internet directory, which sold more than 100 thousand copies and was bought by Google.
There are a total of 33 members, of which eight are the core positions of the Holochain predecessor, MetaCurrency Project when it was founded in 2008 and also as a Holo team.
The company has not hired advisers at this moment.
The founder has rich experience in the design of the monetary system, and the technical capability of the project team is very strong.
2-7: Risk Assessment
scored: 2.1/Out of 2.4
Overall, Social Circle has an average score of 7, take 30% of the overall score.
Project Summary:
To sum up, M dimension is 1.67 points, A dimension is 0.56points, R dimension is 0.42points, K dimension is 0.95points, E dimension is 0.84points, T dimension is 1.12points, community comprehensive score is 2.1points, total score is 7.66points, investment grade A- class, the comprehensive ability of this project is strong.





submitted by ONETOPGlobal to u/ONETOPGlobal [link] [comments]

Of Wolves And Weasels - Day 18 - Spiked

Edit: Day 19 facepaw
Hey all, GoodShibe here!
Before we begin today, I wanted to share a bit of good news: I've started goodshibe.com - right now it's an archive of these posts that I've made on Reddit, and it's very, very basic. We'll see what the community wants and we'll grow from there. (There was mention of a podcast a while back, don't know if that's do-able, or wanted, but it's something to consider). Just to be clear: there's no plans to move my posts off of Reddit to there -- heck, you guys are the reason I do all this -- but at least this way, it gives me some room to play (if I manage to keep on putting out quality material that you enjoy) :D)
Moving on!
So... that was an interesting night, huh? For those who might've missed the fireworks, our Difficulty spiked to just over ~1771 last night from a lull of ~1018. A ramp up that took about an hour to kick in and held for about a solid 2 and a half hours before dropping back down to a more normalized (I can't believe I just said that) ~1233.
Yesterday was also the second time, in under 24 hours that our global hashrate spiked to over 100 Gigahashes per second. The first one, early Friday morning, made the bigger impact at ~114 Gigahashes while the second, just under 24 hours apart, near the same time period this Saturday, hit with slightly less force at 103 Gigahashes.
What's interesting is that the earlier spike - lasting just barely over an hour - had no discernible effect on overall difficulty, whereas this second spike seems to correlate strongly with a massive spike in difficulty. (There's usually somewhat of a delay between a GHs spike and a spike in difficulty -- usually from pools already being mid-block, etc).
Now if you watch the global hashrate long enough you'll see that spikes are pretty common - we're not all sure where they come from, but they do happen somewhat regularly.
What was interesting about last night's was how it got sold to the Dogecoin crowd:
Watch out: 'The Litecoiners are pissed and they're coming to ruin your currency'.
Which is pretty much the most ridiculous thing I've ever heard.
The main reason for this breaks down to simple Greed: Dogecoin is a freaking Goldmine to the Litecoin crowd right now - that's one major reason why our Global Hashrate jumped the way it did about a week or so ago. DOGE blocks come fast and even at our 'high' difficulty, it's really simple for them to make $10-15 per night off of the rigs they've built to handle Litecoin's difficulty (which, for comparison, has dropped to ~3130 from a high of ~3998).
Trading DOGE to LTC seems to be quite a profitable endeavor.
Now, yes, there may be Litecoiners who are super-patriotic and only want to see DOGE crash and burn -- but I think, for the long haul, the majority of those same people will pooh-pooh us in public then secretly point their monster rigs at DOGE when no one's looking. And, short of some sudden community desire to derail their own gravy train, this is pretty much guaranteed to continue until the halving, at the very least.
I mean, to look at this positively, most of the Litecoiners I've actually met are smart folks - they understand that a cryptocurrency that brings new people into the fold, and makes it easier for others to get into (and understand) the game, only helps everyone. More money in the system makes cryptocurrency, as a whole, more robust. People invested in the concept of cryptos (miners) are not going to go out of their way to tear down a system, let alone a profitable system.
There's also an idea that the Litecoiners would move all their hashes to DOGE in the hopes of causing a 51% attack. Which, again, derailing the gravy train seems like a dumb idea -- but I can see where that worry stems from as there is some data to show that there's been a significant migration away from LTC since January 19th:
LTC Global Hashrates are down over 79 GHs -- from a high of 143.6 GHs on Jan 19th to 64.4 GHs as of today.
On January 19th, I noted that our Global Hashrate was ~55 GHs and our difficulty was ~682.
We're currently sitting at ~99 GHs and our difficulty is still at ~1233.
So either Litecoiners are making up ~80% of our current Global Hashrate anyway, or, more likely, that large hashrate has become fragmented as miners move on to other profitable scrypt coins as well.
There has also been some talk about Botnets coming online - that maybe these spikes are from some massive botnet being pointed at our direction. Which... well, that has more of an air of possibility to it. Bitcoin is famous for its botnet miners - back in December ESEA, a gaming company, was slapped with a $350,000 fine for sneaking a trojan into their client-side software that essentially turned their users into one big Bitcoin-Mining Botnet.
Could that happen with LTC? Some say it's already underway. I've yet to see any solid data to support it - but if it were true, it'd be quite easy to point that thing our way.
What would that mean for us? Short term, a huge spike in difficulty, a spike in hashrates and a bunch of DOGE that the user could hold or sell off at their whim. Would it be enough to cause damage to our market? Not really, considering these spikes have been, at most, an hour or two in length. But it is something to think about and be aware of, especially as we move forward toward The Halving on February 14th.
It's 9:02 AM EST, we're at 36.55% of coins mined (compared to yesterday's 35.91%) and our Global Hashrate is on the up swing from 95 to 101 Gigahashes per second. Our Difficulty is holding steady at ~1233. DOGEs are also on an upswing after a pretty big dip to ~190 earlier this morning, currently ranging from 194 to 211, depending on where you look.
As always, I appreciate your support!
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

Sorry, is anyone able to answer a few noob questions about Ethereum?

Hi, I first heard of Ethereum about a month ago. Figured it for another cryptocoin and didn't think much about it. The other day I saw how much it had shot up in price since last month and that had me interested.
So I've looked over the ELI5 and videos in the Getting Started post as well as some more on Youtube, but it's either too simple explanations or too advanced ones...
  1. So, from what I understand, it differs from other cryptocurrencies in that it has some connection to distributed computing. I'm still not following how that works. Does the wallet application run stuff on your computer in the background, or is it all run on dedicated mining rigs or does your computer do some calculation whenever you pay with Ethereum? Where does the fuel stuff fit in the picture? Is the fuel the money in your wallet?
  2. CAN I even pay for things with Ethereum?
  3. What prevents someone from using all this processing power to create a giant botnet and DDOS things?
  4. Is there any safeguards in place to prevent corruption or scams like what happened with Bitcoin and MTGOX etc?
  5. Also (, and I'm too stupid to actually be able to do this, but) if I were to develop something to use Ethereum... how do I profit from that? Or what is the benefit for developers to use it?
  6. Does this (or is it an attempt to) solve the issues with net neutrality we're facing right now?
I probably have more questions, but those are the things that confuse me enough to be able to formulate them as proper questions. Appreciate any answers. Thanks!
Edit: For an analogy of how the money and computing power might be connected, could you say that the Ethereum coins themselves are like tickets to use the global network, that can be bought and sold and traded, and then used up to perform computations on the global network?
submitted by SavantButDeadly to ethereum [link] [comments]

The Massive Value Prop of SUMOkoin: a Corporate Lawyer's Analysis

https://coinmarketcap.com/currencies/sumokoin/
MERRY CHRISTMAS TEAM! (SKIP TO END FOR TLDR :)
[Note: this post was originally drafted on Christmas Day and subsequently edited]
[Disclaimer: I am posting this in triplicate on cryptocurrency cryptomarkets monero for visibility]

***Intro*** 
This is my first try at one of these. I am going to make a case for SUMOkoin (SUMO on Cryptopia) from a pure VALUE perspective. I’ve been researching privacy coins deeply and feel I’ve reached a sufficient conclusion to merit sharing SUMO.
SUMOkoin is a fork of MONERO (XMR). In my opinion, XMR is hands down the most undervalued coin in the top 15. Once people figure out how to value privacy into the value of a coin, XMR, along with the other privacy coins like SUMO, will skyrocket.
I am not here to argue SUMO is superior to XMR. That’s not what this post is about. I don’t find debating the merits of SUMO vs. XMR interesting as investing in SUMO has nothing to do with SUMO overtaking XMR. If anything, I’d argue that the merits of XMR underline the value of SUMO. What I do find interesting is return on investment (“ROI”). If you do want to argue about XMR vs. SUMO, I can point you to this infographic: https://i.redd.it/0eqfkg1hq2501.jpg

***Background*** 
I’m a corporate lawyer in Silicon Valley. my practice focuses on venture capital financing (“VC)”) and mergers & acquisitions (“M&A”). basically I spend all day every fucking day reviewing and revising cap tables, stock purchase agreements and merger agreements.
I started using BTC in 2014 in conjunction with silk road and TOR. I had a minor conniption when I recently calculated how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA, and PHORE.
My crypto investing philosophy is based on betting long odds. As Warren Buffet said, consolidate to get rich, diversify to stay rich. That said I strongly recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d happily strike out several times to have a chance at hitting a 100x. This is probably born out of working with VCs who do the same only with companies, not coins. I view myself as a mini-VC in the cryptosphere.
__
The Number 1 thing I've taken away from corporate law is that it pays to get in EARLY
Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen space.
At the time of this writing, SUMO has a Marketcap of $5 million. Given it’s market cap and its XMR-likeness, I am positive SUMO is the best value investment in the Privacy Coin arena at this time. PHR is another competitor, but at $50m market cap, I feel it has lost its mega potential for you and me.

***Merits of SUMO*** 
So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off?
1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin.
2) Increased Privacy. Which brings us to point 2. SUMO is doing a couple things to increase privacy and nimbleness simultaneously. Monero currently does many of these too — though at the fork MONERO could not. Don’t forget Monero is also 5.5 billion market cap to SUMO’s 5 million.
a) RingCT. All transactions are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction) which gives passes the threshold to resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh?
b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this.
3) Fungibility aka “Digital Cash”. This term gets thrown about a bunch, but basically, it means ‘how close is this coin to cash in terms of usage?’ Well, Sumokoin is one of a few cryptos that can boast true fungibility — SUMO can act just like physical cash i.e. no other people can find where the money comes from and how many have been transferred.
5) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on putting together some solid fundamentals like a great wallet and a dedicated mining application that lets you start mining with your current CPU. Check out the “Sumojoin Easy Minder” - simply run and start mining.
6) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They already have a GUI wallet, litewallet, plus those unlimited sub-addresses to boot that I mentioned above.
7) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining.
8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have done an excellent job delivering ahead of schedule. If you’re an engineer or have managed projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren't bailing out with a pump and dump. The dev team is based in Japan.
9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto.
10) Marketing. Which brings me to my final point - and it happens to be a weakness. SUMO needs a community effort to distribute information to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses.
To get mainstream SUMO needs something like this VertCoin post: https://www.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/

***Market Cap Discussion*** 
For a coin with using Monero’s tech, 5 million is minuscule. For any coin, 5 mil is nothing. Some MC comparisons [as of December 25th, 2017]:

Let's talk about market cap ("MC") for a minute.
It gets tossed around a lot, but I don’t think people appreciate how important getting in early can be. Say you buy into SUMO at 5 million MC. Things go well and 20 million new money gets poured into SUMO. Now the MC is 25 million. Your gains are 4x (you invested $1,000 and now you have 5,000, netting 4,000).
Now let’s says say you bought at 10 million instead of 5 million. $15 mill gets poured in until the MC again reaches 25 mil. Your gains are 1.5x (you put in $1,000, you now have 2,500, netting 1,500)
Remember: investing at 5 mil MC vs. 10 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — meaning every 25 million that gets added to the MC pot, you 4X you're returns.
Example MC = 100
I strongly believe SUMO can and will 20x in Q1 2018 and 100x by end of Q4 2018 reach $500,000 MC. There is ample room for a tricked out Monero clone at 500 MC. That’s 100x.
Guess how many coins have 500 mil market caps? 48 as of this writing. 48! Have many of these coins with about ~500 mil MC have you heard of?
MaidSafeCoin?
Status?
Decred?
Veritaseum?
SUMO has potential to surpass those.

***The Importance of Privacy*** 
I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution.
Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable.
Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down.
Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions.

***TL;DR:*** 
2018 = Year of Privacy Coins // Monero is legit aka is the most undervalued coin in the Top 15 // SUMO is low MC clone meaning great ROI opportunity // ROI is everything // did I mention ROI is everything? // Consolidate to get rich; diversify to stay rich // extra strong code foundation + strong dev team + SUMO team financial incentives locked in multi-year vesting schedule // un-limited sub-addresses associated with Wallet & Litewallet means complete anonynimity // RingCT w/ 12+1 minimum mixins means complete confidentiality // legit Fungibility (like cash) means MARKET VALUE of privacy is baked into the currency // Mining Made Easy for those interested/able // is Botnet mining resistant // has unique market appeal to UNSOPHISTICATED DEEP pockets due to similarity to cash.

Legal Disclaimer
THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DOES NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
submitted by UCBerzerkeley to CryptoMarkets [link] [comments]

[PSA] Don't be a bad shibe; do not abuse free hosting provider plans.

Serious talk for a moment, fellow shibes and dogecoin lovers.
There's been quite a number of threads about using cloud hosting companies (AWS, Azure, Digital Ocean, and others) to do doge mining. I know I, and all of you are extremely excited about Dogecoin, and I know we all want supar hashrates but we need to talk.
Doge's algorithm empowers us to use CPU mining and this means a lot more flexibility about where we run minerd and cgminer; but abusing a hosting company's free tier to do this is going to get you kicked off and is abusive.
There's a difference if you have a coupon for a bajillion free credits and hosting to do with as you wish - many providers have these. Using those free credits means you are technically paying for the service and will probably burn through the CPU hours given and end up paying.
It's also a different thing to use on the spot pricing arbitrage to do your mining, that's also fair game.
But please, please - as one shibe to another - don't use free tiers on hosting providers (these are typically 1 vCPU (virtual CPU) with low memory) to do your mining.
This is well, rude - and we all know you can abuse these types of offers to create a virtually unlimited number of accounts. This punishes other customers using those systems and is just bad shibe karma.
So please be polite: if you've got coupons & credits, cool - just don't try to squeeze those free tiers to get some mad hashes - you won't get anything but kicked off those services and give us all a bad name. You wouldn't install malware on people to mine, you wouldn't take someone else' power to run your milk crate GPU setup - let's leave that to other communities. Let's be cool.
tl;dr Be cool. Use things you're paying for in some capacity, don't abuse free things companies provide. It's not nice or polite.
We will get to moon landing, let's just be cool about it.
http://imgur.com/b8S3vcp
EDIT: As I say in http://www.reddit.com/dogecoin/comments/1tz736/psa_dont_be_a_bad_shibe_do_not_abuse_free_hosting/ceczixo - there s an entire world of underhanded/dirty tricks other mining communities use - botnets, malware networks, spamming free signup accounts (100s or 1000s of accounts), cloaking binaries, etc
I mean, read this post by Charles Stross Why I want Bitcoin to die in a fire:
Bitcoin violates Gresham's law: Stolen electricity will drive out honest mining.
So, let's stick to honest mining. And GPU setups sold in milk crates because those are pretty awesome milk crates.
submitted by jnoller to dogecoin [link] [comments]

Dump of ourchain.slack.com #de-central-station March 22 - April 8

(Answering Gary from https://ourchain.slack.com/archives/C3E31N9BP/p1490197255589333) Without anonymity you are giving more power to the existing powelegal structure. Bitcoin was designed to protect wealth from hackers, regulators, and incompetent managers. There are three types of cryptostate based on the level of anonymity. In the publicstate there is no anonymity, your "bodynyms" are associated with your "cryptonyms" for example when photos/video of you or your location are on a network that anyone can access. In the trustedstate this info is trusted to service providers like an ISP or social networks like Slack, Wikipedia, Reddit, etc. In the privatestate your identity is mixed with enough (lawful) users that it is unfeasible for regulators, hackers, and managers to control you. The privatestate is generally theoretical. It is very difficult to know for certain how this info could leak. The Tor network provides privacy from some but not necessarily the most powerful surveillance (or) those running the network, so this may be considered part of the trustedstate (assuming you don't leak a lot of personal info like me) or it could be part of the privatestate. Botnets may provide better anonymity though it isn't very nice. otomplodomo https://ourchain.slack.com/archives/rhoc/p1490110417643667 Doesn't freedom require a foundation of equality? Posted in #rhocMarch 22nd at 3:40 PM (edited) rilly 7:07 PM Any of these cryptostates change the game and offer opportunities from new power structures. Payment processors cannot simply block blockchain transactions in the public/trustedstate but regulators can still outlaw them. 7:11 This is the primary threat that blockchain advocates should be concerned about. They aren't likely to attack the blockchain (yet) they are moving to de-anonymize everyone. As the internet offers a far more efficient way of moving information, and people often (used to) commute only to move information). this gives them a level of control not see in human history. Straigh outa 1984! (edited) rilly 7:23 PM Anonymity is among the most difficult features to have it you also need security. Cryptonomic networks have to provide incentives to being part of mixes probably by issuing tokens to reward those who mix. rilly 7:34 PM I understand many/most laws are generally benevolent and I do not advocate "crypto anarchy" as in enabling markets for (sex) slaves, assassination, etc. Once the genie of a creditclaim market that can produce revolutionary infoGoods such as strong anonymity software, is out of the bottle we might regret this. While I tend to be more concerned about alternatives to "involuntary"/"unrepresentative" taxes, or the crime of outlawing vicimless crimes, I don't really know what I would be doing if I were aware of all the victim-crime. otomplodomo 7:36 PM I consider the freedom to say anything I want publicly,barring "fire" in a crowded theatre, more valuable than the right to say it in private. Sane people don't surveil. Those who do are rarely intelligent enough to understand what they are surveilling. rilly 7:38 PM Thus we need a way for an (autonomous) cryptostate to regulate itself. My solutions are "selective mixing" and the cryptocourt. Taxes are a "necessary" way of funding non-excludable goods like information goods or common goods such as the oceans and atmosphere. 7:42 @otomplodomo yes but I'd say "censorship" is the most important form of speech. We have to be able to filter out 99.99999999999% of what people want us to heasee so that we can focus on what is important. We don't have the right to force others to hear us or to flood a network with messages of what we believe to be important. 7:44 So we really need a system that can promote good ideas to those who need them or who can put them to use. otomplodomo 7:44 PM Censorship can happen between equals? rilly 7:45 PM Just telling people about threats can drive them to self-destruction if they can't do anything about it. 7:47 @otomplodomo This started with the convo about KYC. I suspect you are trying to rationalize this because you have no choice with the type of organization Greg wants to create in Washington. I'm warming to the idea. 7:47 Being a cyborg is difficult. 7:50 But eventually, after more software exists, I think a more appropriate bases for a global currency is one that promotes equality through anonymity. 7:54 I mean, this team requires a large amount of funding. Who is going to give you that without expecting more funding in return? 7:56 KYC is something the powerful require of you. 8:00 They want to extort taxes, enforce their financial oligopolies, etc. They might prevent victim crimes or this might reduce the powewealth going to certain types of criminal, so in that sense it is good, but not revolutionary or as revolutionary as a new economic system. There is another question here of whether yall are going to keep tricking your customers as with the last Synereo fundraiser. jimscarver 1:36 PM The legal requirement for KYC can be achieved by having identity that is provable but not revealed except to the authority in the event that a subpoena is issued for a specific account. An identity proof may be encrypted using a public key of an authority and the private key of the merchant such that the identity is not revealed to anyone except when required by law.Strong pseudo anonymous identity may be developed from within your webs of trust revealing only the necessary factors without specific personally identifying information such as having a mailing address or citizenship in a certain country, being over 21 years old, owning a home, not being a robot, etc.For any kind of democratic process unique identity must also be established which is a much more difficult process. Device, location, biometric, and state identification can be used to determine a probability of uniqueness in a set of participants without revealing the specific attributes of the individuals to others using homeomorthic encryption techniques. rilly 7:02 PM @jimscarver The debate about why it is right and proper to have central authorities deciding who is innocent or guilty, seems a bit off-topic for the "de-central-station". This channel is for those who believe in decentralized networks. An interesting subject none the less, I created #a-noobs-law-firm for discussions such as these. (edited) jimscarver 8:26 PM perhaps you would like to hold a #de-central-station panel @rilly as we started doing to replace the synereo fireside chat rilly 10:36 PM What would this require of me? Tune in to the Synereo/Rchain decentral station anytime you want at https://www.reddit.com/ethereo/ reddit Synereo/RChain evaluations and alternatives • ethereo Synereo/RChain is the latest of the cryptocurrency to be sold before they abandoned their pre-sale commitments. With proof-of-work becoming... (edited) jimscarver 12:07 PM @rilly choose a topic/theme, get well known panelists if possible, schedule a time, go live. I am not a big reddit user. Looks like mostly fake news :stuck_out_tongue: rilly 6:51 PM The way yall are collaborating on Slack and with videos presents many obstacles both to participation and research. At reddit I can click on vbuterin and see all his comments. I can't click Greg's name and see his contributions on Slack. I can register one name and am able to contribute to any number of subreddits (some require more karma, /synereo is particularly annoying in that they seem to be automatically shadowbanning any thread that mentions rchain). The worst part about Slack is that you have to register just to read any channel. Slack does have some advantages, no captchas and no shadowbans. Video is the worst. I can read much faster than people can talk. If I can search it I can find answers on my own. rilly 6:57 PM Ethereum's success has a lot to do with how Buterin presents his research. There were many times when I would search for an answer and find it in an article by Buterin in Bitcoin Magazine. I'm not motivated to listen to videos or live streams unless I am the one asking questions. rilly 7:04 PM In that case it won't be so useful to others. One of my aspirations is to create one social network that has all the best features of a wiki, reddit, slack, stackexchange (Q&A), and twitter. Second it should be "uncensored" yet have filters the reader controls. So the same page looks different depending on the applied filters. And it should all be P2P so that you control what is being stored on your computer so it can forget things that no one chooses to store. jimscarver 12:44 PM Try listening to videos at 1.5 speed. That helps some. Doing something else at the same time can help. Summaries of video with time markers for topics as we had done for synereo in the before time was really helpful. I have similar aspirations, perhaps we can cooperate. I seek to integrate the best of the best decentralized tools in cooperation with their open source development communities and communities wanting those capabilities. If we can divvy effort in this area we might accomplish something worthwhile together. I see dokie.li movim.eu and sovrin.org represent technologies worth bringing together. I've been working with CoCloud.coop, GiveETH.io and DivvyDAO.org but have yet to gain traction in cooperation. https://nl.movim.eu/?community/news.movim.eu/cocloud-cooperative (edited) 12:49 https://divvyu.consider.it/yes-i-want-to-attend-a-study-group-building-a-decentralized-altruistic-organization?results=true (edited) 12:52 perhaps you might hold a #de-central-station panel related to your aspirations @rilly jimscarver 1:02 PM

de-central-station log

Document from Google Drive Click to open in Google Drive jimscarver 10:25 PM https://qz.com/940876/sell-businesses-to-their-users-instead-of-investors/ Quartz Commentary Users should be able to own the businesses they love instead of investors Here’s a story you hear on repeat from apparently successful founders: Their start-up had a great idea, and users thought it was great too, so it became worth something. Investors offered fast money in exchange for chunks of ownership. The founders liked a lot of the investors and valued their advice. Some became real-life friends. But before long, the founders discovered that their companies were no longer built around that original idea anymore, or even around the users it could serve. The Show more… 10:27 https://d1ueyc5nx1it61.cloudfront.net/b631199216059142146.jpg (70KB) jimscarver 10:40 PM Is that what you hjave in mind @rilly ? mariada 1:18 PM joined #de-central-station. Also, @optictopic joined. rilly 9:37 PM @jimscarver Oh for me! If only you would spend so much time asking or commenting on what I said. There is no decentralized token issuance when a small group of issuers decide who gets what and this is finalized forever. All current crypto/fiat currencies are cronycurrencies. Even when anyone holding tokens get to decide who gets more (as with Steem or Dash) you have the problem that it is finalized forever so in order for me to obtian the creditclaim of the contribution that I want I have to get the contributor's consent AND either burn the token or (better) put it into a DAO that backs the creditclaim with the original token (Steem/Dash/etc) that was issued for the contribution. (edited) rilly 9:48 PM But more to your point, I'm revolting against the ethereo project by re-branding "ethereo" as a project to use ETH for clones of the synereo/rchain software. Sheeple are just too brainwashed to coordinate the issuance of tokens for their own benefit and ETH has good distribution, recognition, etc. For those who don't know yet the ethereo project is at https://www.reddit.com/ethereo/ reddit Synereo/RChain evaluations and alternatives • ethereo Synereo/RChain is the latest of the cryptocurrency to be sold before they abandoned their pre-sale commitments. With proof-of-work becoming... jimscarver 11:08 PM Why would RChain want to be subject to the health of the ETH which might dump tomorrow. Why should ETH holders be given a stake in RChain? Why buy tokens having a different purpose when you can create tokens specifically to support RChain for free. Why not kill two birds with one stone and fund using our own token so buyers have a stake in rchain. jimscarver 11:18 PM I am not much of a reddit user and won't answer the miss information you put there. How do you benifit from taking so much effort degrading Synereo and RChain. I try to be a neutral reporter of facts, not presumtion of evil. https://medium.com/@jimscarverchain-best-synereo-scenario-it-may-be-a-very-good-time-to-buy-amps-f1ce6e446e11 (edited) rilly 11:19 PM "Why would RChain want to be subject to the health of the ETH which might dump tomorrow." I'm not talking about RChain devs maintaining ethereo, it is a fork. Remember Litecoin was not the first blockchain to use scrypt for PoW, nor was Monero the first Cryptonote blockchain. (edited) 11:20 They didn't invent these things they rebranded them for their own blockchain. 11:25 "Why should ETH holders be given a stake in RChain?" Oh they shouldn't. It would be so selfish of everyone to buy ETH just because it is so much more popular and scarce and then use this to make an rchain sidechain. Only people with devious profit motives would even consider something so sinister. LOL (edited) jimscarver 11:27 PM Ethereum will be proof of stake, using greg's mathematics. what is ethereo? An ethereum fork using RHOC natively? I missed something. 11:27 isa a new blockchain that runs on anything? 11:29 rchain may run on other currencies someday but there are good arguments against it. 11:29 which greg may have a mathematical solution to,,, rilly 11:29 PM We should let the people who lost all that funding to Synereo LTD issue a billion more with full power to void any tokens they want and with no connection or obligation to limit the future supply of any tokens used on the first "rchain". It is our moral duty to buy an IOU for we know not what to reward them for all their promised work. (edited) jimscarver 11:31 PM Synereo is doing ok and so is rchain, nobody lost anything yet. 11:32 both are being built though rchain got the short end of the stick. 11:36 we ought to be planning for the decentralization of society here technology agnostic. The cryptocredit may be relevant to that, but we have no consensus on that yet. rilly 11:37 PM "Why buy tokens having a different purpose when you can create tokens specifically to support RChain for free." That's really my point. But who decides who is supporting RChain? The WoC decentralizes the decision making process and allows the market to valuate every contribution independently forever. Ethereo is just a plan B, assuming that we can't convince or explain why the WoC is essential for decentralized issuance without PoW. rilly 11:42 PM "Ethereum will be proof of stake, using greg's mathematics. what is ethereo? An ethereum fork using RHOC natively? I missed something." Oh no. Ethereo is a clone or a set of patches applied to the Synereo and Rchain software, probably using the latest versions. 11:43 We can run synereo and rchain clones, as sidechains/mergchains of Ethereum. https://www.reddit.com/ethereo/comments/5l7z61/mergechains_are_when_one_or_more_blockchains_are/ reddit Mergechains are when one or more blockchains are sidechains of each other • ethereo (Forgive me if there is already a word for this.) ---- Defining sidechains and mergechains The basic definition of a sidechain is a... (edited) rilly 11:49 PM "Synereo is doing ok and so is rchain, nobody lost anything yet." Uhh tell that to all the unnecessariates who bought AMP before it tanked! Synereo is apparently getting away with all the crowdfunds that were intended for Rchain. Greg is cool with that. You are cool with it. All these AMP holders here, who were trying to invest in Rchain apparently haven't even figured this out yet. Yall think you can just bail yourselves out by issuing more tokens! LOL rilly 11:58 PM "both are being built though rchain got the short end of the stick." Why has Greg not joined the movement to recover the crowdfunds from Synereo LTD? How much credit should Greg and others lose for this colossal failure? 11:59 Why instead do you accept that the people who lost all this money should be the ones to issue the new tokens? Is this not reminiscent of what we see with corrupt governments and central banks? 12:00 Those who fail are given more opportunities and entrusted with more power and wealth. rilly 12:12 AM So getting back to what ethereo is. It is the Rchain/Synereo software that you guys write, on a blockchain that we create, using an ETH IOU as the token for staking deposits and manditory fees. It would be similar to how Rootstock is attempting to be a sidechain of Bitcoin that uses BTC instead of ETH to run the Ethereum virtual machine. The difference is that Bitcoin cannot hold BTC in a contract to back IOUs on Rootstock so they have to use a multisig wallet and it is therefore centralized and insecure. Ethereum however can validate transactions on other blockchains as BTC Relay will do with Bitcoin. (edited) 12:17 Therefore we can make Ethereum and an rchain clone a "mergechain" (defined in the last reddit link I posted). That means the ETH IOUs on the rchain clone are fully backed by ETH on Ethereum and held in a contract that can redeem the ETH IOUs for ETH without trusting a multisig or third party. 12:18 I will call this rchain clone "ethchain" from now on. rilly 12:24 AM So assuming we create ethchain, what would be a more attractive investment, RHOC/Rev or ETH? Given that the chairman of the Central Bank of RHOC has already failed miserably to properly allocate and distribute crowdfunds and AMP for the benefit of AMP holders. Given that there is no limit to the supply rate of Rev and all questions about this are met with hand waving, wishful thinking, and deceptive marketing propoganda. (edited) jimscarver 12:30 AM I do not see much improvement over what we are doing now. ETH IOU's are cool and perhaps we should develope that concept. Now, USD is used for the bounty amount for work in the coop paid optionally in dollars or RHOC at the current market value. There may be taks later with fixed RHOC bounties. Sponsored divvy tokens function like a RHOC IOU, redeemable for RHOC and/or USD etc. on a metiticridous manner by consensus of the team or as specified by the sponsor. Self assignment of tasks leads to chaos without a cooperative effort with the team and workers both need to have the initiative to do a task, but accepted by the team to do the task. There are no little kings here and cooperation means not getting your own way on many things. (edited) jimscarver 12:38 AM Everybody will never agree on the same system. Teams must be autonomous and reward bounties by thier concent rather than be enslaved to a system they disapprove of.WE should find a team to experiment with ETHIOU. It's a great exercise for a divvy study group. (edited) rilly 12:46 AM "WE should find a team to experiment with ETHIOU. It's a great exercise for a divvy study group." Well okay but ethchain is not just ETH IOUs on Rchain it is ETH IOUs as the sole currency for PoS deposits, mandatory fees on ethchain AND the attention economy features (using the synereo mergechain). (edited) 12:51 "Self assignment of tasks leads to chaos without a cooperative effort with the team and workers both need to have the initiative to do a task, but accepted by the team to do the task. There are no little kings here and cooperation means not getting your own way on many things." Hmmm curious to read what rilly seems to have been proposing. The self-assignment of tasks! Rilly has come to make ye all little kings with your own little money printing machines! 12:54 In all seriousness I do see value in colaberation to avoid redundant and incompatible work. rilly 1:01 AM I try to do this by bringing various projects together to discuss some of their fundamental assumptions. A good example of the type of research I would like to fund would be this debate between Jae Kwon of Cosmos/Tendermint and Dan Larimar of BitShares/Steem/Graphine. https://github.com/cosmos/cosmos/issues/43#issuecomment-275806560 GitHub [Whitepaper] Incorrect claims around BitShares · Issue #43 · cosmos/cosmos Hello there, I recently went through the cosmos whitepaper and am quite impressed by your work. Adding collateral to block producers is a great idea to keep them honest. This is certainly an improv... 1:05 I would fund this by bidding on the creditclaim. This should work like Changetip but I would bid a lot more than 50 freaking cents. For more valuable creditclaims I could facilitate a small crowdfund using Weifund. rilly 1:14 AM Kinda like being the judge in a sport where I could bid higher for good arguments on important points. This is one part of the peer to peer review and funding (P2P RAF). The debaters or contributors could trade their creditclaims for their debate contributions, while they are debating. Score points for each other, re-formulate their arguments if they are persuaded to change and produce collaborative works whose creditclaims would have greater value because it represents agreement of those who otherwise have conflicting interests. (edited) jimscarver 1:23 AM We take one step at a time doing proofs of concepts of use cases independently but interoperably. The devil is in the details and technology is evolving rapidly. I suggest we employ Agile principles, starting with one work group rewarding themselves and building one use case at a time. (edited) rilly 1:31 AM Okay I suggest to create bureaucratic work group to organize developers and cryptocurrency speculators to discuss the conditions under which we will agree to hold RHOC or promote Rchain vs a token/blockchain that we control. (edited) jimscarver 1:36 AM I would not concent to be on such a team. We might try a circular leadership model where we are leaderless but with strong leadership. Everyone leads their own part but cooperates with the team. A team you pick issues rewards the way you want. https://medium.com/enspiral-tales/beyond-dreamers-vs-doers-full-circle-leadership-869557da1248#.7b9nl9wee Medium Beyond “Dreamers vs Doers” — Full Circle Leadership Operational leadership is often under-appreciated compared with visionary leadership, or not even understood as leadership. I used to get… Reading time 12 min read (337KB) Jan 15th, 2016 at 9:44 PM rilly 1:41 AM "I would not concent to be on such a team." (Spell check doesn't work very well on Slack.) Jim I'm not sure you can be removed from the team once you've been added, I'll have to check back with corporate and get back to you on that. Don't worry we will get this straightened out for you. rilly 1:49 AM "We might try a circular leadership model where we are leaderless but with strong leadership." Excellent idea! Okay so what do we call our team? We need something catchy but a bit stealthy so they don't know we the real revolutionaries. https://www.youtube.com/watch?v=ZqFJJmfWNsg
submitted by ioniza to ethereo [link] [comments]

[Table] IAmA: I am one of the developers of a popular Chrome extension and we've been approached by malware companies that have tried to buy us. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-01-18
Link to submission (Has self-text)
Questions Answers
What are malware companies' motivations? As in, why install malware? What are they getting from buying an extension, and what will the malware do? In general terms, I mean. Replace you default new tab contents their search.
Replace existing links with affiliate links.
Add new affiliate text links all over the place that look similar to the double underline ones used by some publishers.
Replace ads across the internet.
Generate phantom traffic to websites a user never sees (similar to botnet)
Capture ALL browsing data including post data (many uses I could speculate on but wont get into here)
What do they offer an extension developer? Depends on the mix of where the users are but it easily adds up to a few cents per active user per day. Or they just buy the whole thing. Which makes you wonder how much more they are really making...
What were these Malware Companies' method of contact? Email? Cold Calls? If you actually spoke with one, did they sound 'Obviously Evil', or just 'Business Evil'? Usually start with an email and progress to a call. I've spoken to a few on the phone and they sound just like normal people proposing a business deal. I'm sure they've justified what they do in their own mind so they don't sound shifty or unsure at all. Mental gymnastics is an amazing thing.
How do I know you are actually a malware company that bought honey using this AMA to trick people into downloading your extension and then infecting us with malware? That's pretty meta.
Well the team here at Honey isn't hard to find. You can find out who we are and where we live pretty easily. People running malware companies are not going to use their real identity.
Favorite piece of malware? We were approached by a company that wanted us to replace all Google ads you see with their ads that look just like Google ads. You wouldn't be able to tell the difference. That one's pretty clever.
Something weird about me is that I have never clicked an ad on a website. Back when I first used the internet there was real danger that those ads were viruses and I was told by my dad not to even think if clicking them. I'm sure ad companies hate people like me. Bro, adblock.
What was the biggest offer you have had to try to buy you out? We didn't even entertain the concept of it so we never went far enough to get a price.
But the data collection company did throw a dollar figure our way. It's over 6 figures a month.
you said no? Why? We believe Honey can become the de facto software that every online shopper use when they buy things online. That's a much larger opportunity and doing anything shady will kill that potential.
Also because we're not shady people. :)
If you have 700,000 users and the company offered $100,000 they would need to make 15c per user per month on average just to break even, Probably a whole lot more to make a profit. The detailed behavior of 700K people is worth a lot more than $1.2M a year. Think about Nielsen and how many people they collect data from. The data they own makes them a $17B company. This is the type of data I'm talking about: Link to en.wikipedia.org From the wikipedia page: "Use of clickstream data can raise privacy concerns, especially since some Internet service providers have resorted to selling users' clickstream data as a way to enhance revenue. There are 10-12 companies that purchase this data, typically for about $0.40/month per user."
1.2 million (could be a lot more depending on what the offer actually was) a year just to see what 700,000 people do online just sounds crazy to me.
I have a lot of respect for you guys turning down big bucks like that. Not everyone else does apparently. I get it. You see the bigger picture and dont want to make money off of people like that. Wish more people were like that. I never heard of your extension but it sounds great. Will download. How many people are on your team and was it a unanimous decision to turn it down? There are 6 of us right now. 2 full time and 4 part time. I guess like minds are attracted to each other because the decision was unanimous.
I'm not shady either, but I'm also not gonna turn down 6 figures a month. Have them write a shitty contract, then use your coding skills to write a new extension that blocks that. LOL this is probably how antivirus companies got started.
The link you gave in the OP says Honey (193)Shopping from joinhoney.com 264,640 users. Where is the 700k number? I don't know a lot about the chrome app store. The Chrome app store number is the weekly active number. Kind of like how Facebook has 1B users total and ~50% are active on a daily basis.
Do you accept donations or anything like that? After reading this I would definitely donate towards you guys. Thanks for the offer! We do a pretty good job conserving cash so we're doing ok financially. If you are feeling generous, give some money to this awesome charity that is out feeding the homeless: Sean's Outpost
How do you tell a malware company from a legitimate one? It's pretty easy to find the legitimate companies w/ a little Google-fu. We can also tell by looking at what they want us to do. Malware companies usually want to include their code in our extension and it's impossible to see what their code will do. Legitimate companies are ok with leaving us with the control.
Sometimes it's immediately obvious. Sometimes it takes a few exchanges to figure out what they are proposing. They also don't want to waste their time so they usually get to the point pretty quickly.
Has any company been so to the point as to just straight up say "Hey, can we put some of our malware code into your extension?" or are they usually not so blunt? "Hello, we're interested in potentially buying data from your browser extension userbase. We buy anonymous clickstream and browsing behavior data from browser extensions which we use for market research."
So I emailed back and asked what kind of data they want to buy. The answer was that they need us to install a small snippet of code in our extension that will do all the data collection automatically.
What do you think of the extension HoverZoom and the whole situation with it's developer including code that collected user data in the extension? This is incredibly dangerous for the extension ecosystem in general. This kind of activity will force the platforms (Chrome store and Mozilla store) to be more and more restrictive, in turn taking away browser extension's ability to do anything meaningful. Everybody loses at the end.
It's kind of a microcosm of the Internet and its evolution: It went from people having a good time, to people trying to monetize it, to people having to wear hazmat suits to get through it safely. Dammit that's depressing.
Have any online retailers tried to get you to remove coupons? For example: If they only wanted to offer the coupon to certain customers, or delivered it through a mailing list. Nope. Online retailers understand that it's much better to keep you on the site instead of having you go off searching for a coupon. Our extension answers the "is there a coupon for my order" question for you so the chance you'll go through with the purchase is higher.
Coupons used to be a way for retailers to attract people to their site. But these days it's also a way for them to close the deal. Sites like Gap will often plaster coupon code all over their site to motivate you to buy something.
Oh my god I've been searching for website for that for months, do you have a Firefox plug in? Yup, go to joinhoney.com w/ FF and you'll see the install button.
I was about to download Honey, but the reviews say it doesn't work on amazon. Are you guys working to fix this? Thanks for the ama Well, it does what it's supposed to do, which is apply the live Amazon coupon codes into your cart. However, Amazon uses very product specific codes so the chance of the codes matching up to the product you are buying is low. So when people hit the button and it doesn't save them money, they think Honey doesn't work.
In the future we may make money through affiliate programs similar to coupon and rebate sites or through other innovative programs that help you save even more time and money. We will always prioritize the deal that saves people the most money even if we don't get paid on it. It might cost us in the short term but it will pay off in the long term.
We don't collect or drop any cookies. But from your FAQ... We collect automatically generated information such as log data, *cookies*, device information, data about the success or failure of codes applied to your cart, and some other information collected by Google Analytics. When we wrote the FAQ we were told to be as broad as possible with what we declare. This is supposed to cover all the basis so that we don't get in trouble if we try something new and it's not covered in the privacy policy. We don't collect or drop any cookies as of today.
What's the chances of an opera or firefox extension? We have a firefox version at our website. Opera will still be a while unfortunately - working on other things like this
What do you think Google should do to combat the practice of allowing malware companies to infiltrate extensions how they have? This is a very hard problem even for someone with the resources of Google to solve. A starting point could be an improved feedback system upon extension removal like they just announced for ads.
Is the extension useless for those outside of US borders? Yes for now. :(
Supporting stores internationally is a top priority and we want to get it done in 2014.
Is there a way to report these companies? I mean like can you report them to chrome? it seems like they don't have a system for this. Is there a reason they don't deal with this kind of thing? Google doesn't have a robust system to deal with this because (I hope) this isn't a very common problem. If you have reason to believe an extension is behaving like malware, you can submit it to Google at: Link to support.google.com
How many extra downloads have you seen since you've done this AMA? ~10K downloads today.
Is that 10k additional or total? I'm just wondering what the reddit bump was, essentially. That's the reddit bump only.
Tons of people complaing it didn't find them a coupon because more than likely the coupon just flat out doesn't exist at the time. Yea it hurts each time we get one of those. We're fighting an uphill battle because we're looking for coupons on something you are already going to buy instead of trying to get you to buy something you weren't planning on buying. By design it's not going to be 100%. The auto coupon feature finds people savings ~23% of the time. We want that # to be as close to 100% as possible. But to do so, we have to figure out new and innovative ways to find people savings.
Have you had any threats from said companies after refusing the offers? No they just move on to the next developer I'm sure.
How would they be able to use Honey to spread malware? It's not about spreading malware. It's about turning existing non-malware extensions into malware.
Hypothetical question: if the most evil of such companies offered you sixty billion dollars to buy you out, would you do it? For sixty billion dollars?! I would take it in a heart beat. Then I'll take $1 billion, split it 700,000 ways and send each one of our users a $1,500 check along with a letter explaining the situation. Retire with $59B and a clean conscience.
How come Honey has found me no discounts yet? :( What sites have you used it on?
Ever thought about doing the same with dogecoin in addition to bitcoin for amazon purchases? The altcoins are a little tricky because there's no payment processors that handle them. It'll be interesting to automate some type of exchange between the altcoin to btc in real-time and then push the btc through the payment processor. We'll definitely explore that.
What does your extension do? And is there an extension for the iPad version of chrome? Edit: I would look now but I'm on my phone Our extension automatically search for coupons and apply them to your shopping cart during checkout. Unfortunately mobile browsers do not currently support extension.
Are the approaching companies foreign or domestic? Surprisingly they're mostly domestic.
I'm not gonna lie, if I made a free extension and got a 6-figure monthly offer to sell out, I'm taking it. It was tempting for sure because the data they wanted isn't personally identifiable and it's mainly for research purposes. But then again we all have skills that will make us a decent living if we wanted so our primary motivation for building Honey isn't money. It was an easy call to make.
Name and shame em! These are shadowy companies that use aliases and shell companies to contact us. Naming them will have no effect. This is what keeps them safe.
Malware inc. In a world where companies give themselves honest names~
Yeah, we all know you guys aren't actually selling honey. Of course we sell Honey. Why else would we call ourselves Honey? PM me your address and we'll send you a sampler kit! Edit: This was a joke but I got a bunch of addresses. We're going to follow through and put some honey packages together. Sorry we can't afford to send them overseas because the shipping will kill us!
Aren't you.
OP you better deliver. We will! Brb, going to go buy some Honey.
How tempting was it to take big offers from malware companies and have you ever thought about doing it in the future. Not tempting at all. 1) we hate that as users, 2) we have far bigger plans for things we can build with Honey to make shopping better. So no chance it ever happens in the future.
What was your initial reaction, how did they approach you. The first time we were approached we thought it was legit. Spent some time going back and forth until we got to the specifics of what we need to do on our side. Then we realized it would turn us into a spyware.
Just want to say you guys are the only extension I run. Try out RES. You'll never get off Reddit.
You guys are awesome and honey is awesome. Such kindness Much generosity Wow EDIT: One day I'm going to look back at this comment the same way I look at my baggie jeans from the '90s.
+dogetipbot 200 doge verify.
We turned them all down. Just AWESOME. I'm going to try it out just because you guys rock. Haha I'm actually a little sad. We shouldn't be awesome because we refuse to be shady. That should be expected.
Keep talking, the more you say, the more i like you. If you are as magnificent as Gandalf's beard, we should be BFFs.
Last updated: 2014-01-22 23:06 UTC
This post was generated by a robot! Send all complaints to epsy.
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[Table] IAmA: My name is Ryan Ackroyd and back in 2011 I was arrested for my part in the groups know as Lulz Security (LulzSec), Anonymous and Operation Anti Security (#AntiSec). I am LulzSec, AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-04-03
Link to submission (Has self-text)
Questions Answers
What was it like being raided? GAME OVER PLEASE INSERT COINS.
Do you have any regrets about your involvement with those groups? Snowden, hero or villain? Why? There's no point regretting anything because you cannot undo the past. I heard about Snowden in prison, came on the news but I only know what the news has been telling me. I will look more in to it, he's got balls I can tell you that and I admire a good set of balls.
Really? Good set of balls? Are we not doing phrasing anymore? Yes really.
Any advice on learning how to program? I'm struggling with Python at the moment. You don't learn how to program, you learn how use a programming language, programming is what you do with that information. Read lots of examples of source code, see if you can work out whats going on. Don't just copy/paste the examples, write them word for word no matter how long they are. Not only will it help understand what it is doing better you may also learn a few tricks.
That's deep man. Thanks for the advice. No problem.
You don't learn how to program, you learn how use a programming language. Damn, pretty sweet quote there. It's also true.
How did you get started 'hacking'? I first started back in 1998 I mostly used to hack PC games, hex editing, binary reverse engineering stuff. Then I learned how to use C and assembly and it just went from there.
What do you recommend for someone that's interested in hacking(in terms of learning it)? Hacking is the art of reverse engineering, before you can reverse engineer something you need to have an in depth knowledge of it.
What are your thoughts on mass surveillance? Any advice for the masses? It's been going on longer than you or I have existed. Strong encryption is the key.
Ever considered a job with the NSA? GCHQ? I don't think I would pass the security clearance now anyways. I am x military though so who knows.
I am surprised you are allowed to use computers or the internet at all now considering some of the parole conditions of many American hackers. Can you talk about some of the restrictions in the SCPO and why you feel they are unfair? Basically it prevents me from using encryption that allows hidden volumes, virtual machines and I cannot delete my internet history. It lasts for 5 years and each breach of the order can be punishable up to 5 years.
It's not a case of them being fair or unfair. I can't go too in to detail about it if I want to take it back to court, I just want to challenge it, plus I like to keep my cards close to my chest.
So would say firefox's private browsing mode be against the rules? I don't think so, I'd have to check the src of firefox to determine if it deletes the history in private mode or if it simply does not record it in anyway. The order says "Not to delete".
So if you just image a fresh install of your variety of os(debian?) everyday would that break your parole? I could just boot live OS and not be in breach.
Is that what you do? I used to, remember slax?
Are you proud of the sacrifices you made in your lifetime? Yes I am, I never look back I just move forward in to the future hoping to find peace and happiness.
Did you meet anyone interesting in prison? There's some funny characters in prison I can tell you that, made friends for life. Most of the people in there were in there for fraud, drugs, gang stuff. I never met any famous prisoners if that's what you mean? Then again everyone's story in prison is interesting.
What is the best way to protect your digital identity, and secure your privacy? Since you have experience exploiting these vulnerabilities, what do you suggest to prevent it? Strong encryption, limit the amount of personal information you place on the internet, don't draw attention, only use a sandboxed browser and tunnel your HTTPS through SSH using the highest of encryption, PGP mail for every mail, don't store encryption keys on your computer, full disk encryption and/or hidden OS, use different emails for your banking, paypal etc, Mak3p4$5w0rdZ!nCr3d!b4LlYsTr0nG, uninstall flash use Link to youtube.com instead etc, etc...
Thanks for your answer. I am not worried about personal use, I am more worried about enterprise and or security systems. preventing people from hacking my companies website, and social media accounts. I have to keep in compliance with the financial standards, so we use PGP, and Erado, for archiving and encryption. It is just nice to get the perspective what is an easy target, what would you consider a difficult target not worth pursuing? I could write a book to answer this...
Security isn't something you can just apply it's an on going process and in most cases you are relying on products sold to you on a trust basis. You're told that Antivirus software will stop you getting a virus but what you're not told is that Antivirus software only protects you against what is known, takes less than an hour to write a new piece of malware or backdoor that your AV will never detect.
People put too much faith in to security systems without understanding how they work, their capabilities or limitations.
There's no need to be "pentested" it's a right con, they only test you against old exploits, if you update regular then you're already safe.
Use 2 factor authentication and/or strong password policy, prevent users creating the own password (they will only make them simpler)
Just make your data worthless to a hacker by encrypting it.
Insightful, thank you. I know it's a vague question, but you just confirmed my intuition. Thanks for your honest answers. No problem.
Was it worth going to prison? Nothing is worth going to prison for. Yeah they are happy I am back and I am happy to see them again. It was ~100GBP for my parents to come and visit me in prison, I was a long way from home. I told them not to waste their money because the visit only lasts 2 hours.
How is your family treating you, are they happy to have you back? Did they visit you in prison? I am x military I am used to being away from home for long periods of time. It also makes time fly faster when you're not constantly reminded about home. If you don't know what you are missing then you don't miss much.
I've never been to prison, but I lost about 8 years of my life due to bad medical advice. I used to be angry-- I was thinking why wasn't it only 2 years-- why did it have to be such a complete waste of so many years? Would that have happened if it had been only 2 years instead of 8? I don't think so. Sometimes, events like that helps to put things in to perspective. We often don't think about our lives on a day to day basis but when something out of the "norm" happens it makes us think that little more.
What do you think about bitcoin? where will it be in 10 years? I think it's great, scrypt coin too! I think they will get heavily regulated soon though. I had 78 bitcoins backed up on a SDHC before I was sent to prison. Back then they were worth ~$40 each. Come out of jail and I can't find that shit anywhere lol.
The only problem is even if I do find it, it's encrypted with keys that are on the computer the police confiscated and I can't get back.
I know right?
Sue them. They stole you $ 78k. It's killing me!
If they've not destroyed your computer or had a seize order against it then you can get back things like that. Ask your lawyer. They seized it in court, I can however apply "for a copy of evidence" under UK law and they would have to give me a copy of the HDD.
Do this. Those bitcoins won't last. How long untill they are orphaned? It's been ~3 years already.
No idea. I meant they won't last as a concept (especially not at that value). Wow, only just seen it but they peaked at ~$1000? Feels bad man.
Exactly - since then the Chinese and Russians have banned it, and you can only consider it's a downward spiral from there. I wonder how long it will last here in the west, I'm surprised it hasn't already been regulated the tax man must be pissed!
I think there are also more constructive uses for mining, I mentioned this on twitter also. See there are a lot of cancer researchers and scientists that have HUGE amounts of data that needs to be mined to help cure diseases and solve the worlds problems.
The world hash rate for crypto coins is more powerful than most of the worlds super computers combined. Cancer researchers should give coins for mining cancer research data instead of wasting time generating meaningless hashes.
Do you like sporks? Yes, I do, do you?
Hey man we are asking YOU the questions here. Leave the interrogations to us the professionals. Ok bro.
Ex Army eh? Signals? or Tech in REME? I was in the Infantry.
So how were you ID'd for arrest? I fucked up, I've already explained it on here, lurk moar.
Just curious, do you think big brother is reading this ama real time or at all? They will be on this like flies round shit.
Where does/did LulzSec congregate? What is the education background of a typical member, or from where did you learn to do what you can do? We had our own private IRCD and encrypted silc servers, also channels on public servers. I am completely self taught, I have been at it since 1998.
Isn't the true "lulzy" part of this that you guys bugged some people and mocked their security and then ended up getting busted and going to prison while the companies you annoyed made their security better? That's pretty lulzy to me. What I find lulzy is the fact they were all vulnerable to webapp vulnerabilites and don't use PGP.
Wasn't LulzSec responsible for the major Sony Online Entertainment security breach? I know you wanted to retaliate because SONY was suing George Holtz for the PS3 jailbreaking thing he did, but the only thing that happened is that you inconvenienced the people. Basically I am asking. Why did you ruin all those accounts, which lead to people having their credit cards stolen, instead of just attacking SONY directly. Also, how many accounts were compromised? LulzSec says 1000, SONY says ~4000. LulzSec had nothing to do with the PSN breach, fact.
Do you suspect who was responsible? (group name, not actual name) Honestly, no Idea there is too much internet rumor and no one has officially come forward to claim it. I read some people in Spain were arrested and questioned in relation to the PSN breach but that still doesn't mean it was them.
What are your political views? I don't really have any political views, however I would like to see the rest of the world get a chance to sample democracy and be free from oppressive dictatorships (no naming names).
At first welcome back. So here an total haxolulz/past unrelated question what kind of music do you like? I like Hard Dance music, Hard Trance/Hard House.
Fuck yeah! Trance and House all the way. I used to have a set of Technics 1210 Mk2 and mix like mad when I was younger, still got some of the vinyl haha.
Hackers soundtrack, orbitals by halicon. Not hard but one of my favorites. Thanks I'll check this out. The LuLzSec hacker song by ytcracker is the ONLY hacker song haha.Link to www.youtube.com
Who is your favorite Trance artist? Ever been to any festivals? Tidy boys, nothing but. Their events are awesome, youtube "Tidy weekender"
How came you guys got the cia down? It was hit with a 100,000 node botnet.
What does this mean in layman's terms? 100,000 computers were used to send ALOT of data to the server causing it crash.
That's as simple as it gets.
Any advice for aspiring hacktivists? Trust no one.
Still on 4chan? fav boards? Rules 1&2 always apply.
Hate to break it to you bro, but 4chan is just full of kids now. The rules of the internet have somewhat faded since you left the intertubes in 2011 :( consequences will never be the same again. Ebaums world has been dead a longtime because people broke 1&2
What's your opinion on the book by Parmy Olson? I think I recall she said she talked to you by chat, but how accurate was what eventually made it into the book? I lost the book before I could read it all so I don't know...
What do you think your job prospects are now with the conviction hanging over your head? Not too good! I'm on my arse at the minuet, I'll do any job!
Any job? ( ͡° ͜ʖ ͡°) Allmost...
Write a book. Is it really needed?
Not needed per se. But you can tell an autobiographical perspective that nobody else can. The story lulz & Anon supporters would want to hear. Obviously not a 'tell all' but a 'tell most'? Yeah I get what you mean.
Was there a time before you were caught that you were worried or thought the authorities might have a clue as to your real identity? I knew I was going to get caught, I fucked up.
Did you have a backup plan? There was no backup plan but I realized the mistake early and acted accordingly! No I do not own guns, they're a lot more restricted here in the UK.
Are you still in touch with Jason? Saw he went to prison recently, I actually went to HS with him. How long did he get?
Jeremy, not Jason. Twins. Yeah, I think he got 10 years or something like that? I've not heard anything from him since I got out, hope he is ok.
I look up to you on how you managed to convince everyone you're a girl, smart and funny thing at the same time. Really I look up to you like a celebrity, hah. Maintaining a strong persona such as kayla and doing what I did wasn't easy. If I could go back in time I wouldn't change anything, I'd just keep going back in time to relive it over and over again. Nothing is worth prison time, it's a waste of life however I did manage to get some qualifications out of it. Not many people can say they left prison with a diploma for the thing they went in for.
If you could go back in time, before the creation of Lulzsec, what would you do differently? Also, was Lulzsec's missions worth the prison time? Where did you learn social engineering, and hacking? I learned to do what I do from programming, it is simply reverse engineering.
Thank you for your answer. What do you think about the Syrian Electronic Army, their methods of attacks, and their meaning? I honestly believe they are state sponsored (possibly not from the beginning) but I do believe they are the people Assad is turning to. As for their methods I don't even know what methods they are using, I'll read in to it though, I'm fresh out of prison and most of what they have done was done while I had no internet access. I've been banned from the internet since 2011.
That they are, got many of Advanced Replacements on products. If you had to choose between, Windows or OSX which would you choose. I'd choose Windows, I'm not a fan of OSX.
This is probably the longest I've ever seen someone take questions in an AMA. Thank you for dedicating so much time to answering people's questions. No problem I enjoy answering questions and I will be here until the questions dry up.
How did it feel being able to get behind a computer for a first time in 2+ years? Did you build a rig to re-live the novelty or do anything particularly special? Porn, me thinks. I was able to use computers in prison. I was given a job as a class room assistant helping teach people about computers, basic things. I also managed to complete a number of computer related qualifications and gained a diploma. Seeing the internet after 2+ years was kind of strange though. The internet looks a lot different now compared to how it did in 2011. To be honest I don't like it, it has that "iphone look" to it all, big buttons and lots of unneeded JS. I wish I could build a rig I just do not have the money to do so. Hopefully soon I will find a nice job and maybe then I will build one.
Did you have internet in jail? No they do not allow internet in UK prisons.
Do you think access to the internet should be a human right? When will it be? Yes it should be and I am sure it is already so!
Here you go Link to www.wired.co.uk
My question: Did you ever have any suspicions about Sabu? At any point did you guys think, Something is up with this dude? Everyone had suspicions about everyone, things were being patched, rootkits disappearing, logs being leaked etc..
Was prison anything like you had expected it to be? Better than I thought it would be, I had most prison movies flashing in my head on the way there from court but it's nothing like that.
Could you elaborate more on what it's like please? Once I got to prison I realized it's nothing like the movies. Because it was all over the news when I was sentenced everyone in the jail knew who I was and what I was in for. I've made some good friends out it, people I am going to meet again once they are free. No one was ever violent towards me, you don't give any attitude you don't get any attitude. I did see some people get fucked up in there, mostly starts over something really silly, like a game of pool.
How did you pass the time? I used to pass the time playing chess with my cell mate or by watching all crazy people in there.
Did you personally encounter much violence in the prison? Or is it easy enough to stay away from it if you don't rock the boat or whatever? Well, most of the prison movies I have seen all show people stood at the bars, big guys growling "mmm fresh meat" and everyone getting stabbed up every 2 minuets. When you've never been to prison before you can't help but think back to every movie you've seen about prison.
When do you think the govt will evolve enough to have guys like you helping to grow our society? Right now it seeks to hunt you down...terrible waste of resources imo It is, there's a lot of talent rotting away in the prison system.
Administrations that in one breath expresses the need for engineers of digital space and then issues the order to capture the very people with such talents. Edit: its been many administrations haha :*( And many more to come!
Its wishful thinking but i hope that the economic imperative will win out as we progress to what can be depicted best by the Type I civilization coined by popular theoretical physicist Michio Kaku. Things need to change, that's for sure.
Is Milhouse a meme? Milhouse was the best meme!!
Do you like Wheatus? No, Wheatus sucks.
How do they ? Well I just like to suck wheats thats all.
What do you think - in Wrestlemania '98, did Mike Tyson get punched in the cock? Never watched it back then, I hope so!
Are you now like Gavin Orsay (Jimmi Simpson) on House of Cards? Never watched it, only just got out of prison I've heard a lot about that series, I'll look in to it.
Gavin in House of Cards has a guinea pig. Reminded me of "Noodles". :3. Hahaha.
the character Gavin is this hacker and there's a scene where he tells his FBI handler that they have to drop charges against Barrett Brown. Link to www.youtube.com Really?
Indeed. And check out who advised on the new season of HoC :3. Link to www.theguardian.com. HAHAHAHAHA.
Do they let you have PlayStation in British prisons? Link to www.dailymail.co.uk. They do if you buy the PlayStation.
What did you have in your cell? TV, Kettle, Radio, Bed, locker and that's it... I wasn't bothered about a play station, just used to play a lot of chess and poker.
What sort of people did you meet in association with the hacking groups? What kind of people are hackers? Out of everyone I have met there are only a small handful of people that I would put in to the "reverse engineehacker" bracket. Lots of people who know how to use exploits, not many who know how and why they work or are able to write their own, truly is a dieing art.
Do you ever think about trying to get hired for security for websites or for government computers or something along those lines? Again it's probably a trust issue...
Personally, I was very stupid and didn't really care about the ease with which personal information can spread, and didn't know how widespread NSA surveillance was. Given that a lot of stuff is out there already, if someone wanted to take the time to look at it, do you have any advice as to how to minimize the damage? Strong encryption is the key but to be honest, Internet Service Providers should be doing more to protect it's customers privacy, they should allow AES256 pipes for every customer as standard.
Many (fairly intelligent) people I talk to agree that they are concerned about surveillance and privacy on the internet, but they're resistant to try and use encryption or anything because they have it in their heads that only supergeniuses can understand computers like that. Do you have any suggestions for introducing these concepts to slightly technophobic people? I think encryption needs to be simplified for the regular user. It can get a bit confusing if you have never used it before or understand it's significance.
Also, wanted to thank you for your advice to the person below asking about how to learn programming. I know a little introductory Python, but I never really knew how to go from there to creating and understanding a whole big project. Programming languages too, learning new things is never easy, it's about determination and the will to succeed. The best way to learn is to read lots of source code and try to work out what is going on, maybe you could even improve on it?
How did you learn to hack? From learning to program.
Hacking is reverse engineering, it's an in depth knowledge of the underlying system/code/hardware/technology and the ability to take it apart piece by piece and reassemble it in to something else.
How long did it take you to become a proficient programmer? How did you learn? How long did it take you to become a proficient reverse engineer? How did you learn? I just learned from doing, trial and error. If there was something that I did not understand I would just research it, it sometimes helps to read it from more than one source. I used to just read lots of examples and try to make sense of them, if I found something new or something I did not understand I would research it.
As for time, I am unsure... I am still learning now, it is an on going process. All I can say is learn the basics and be creative, if there's something you do not understand research it, google always has the answer.
Have you only just got out of prison? I have been out a few weeks but I have only been on the internet a few days now.
Ever hear from anyone in that channel? Just one, those times are sadly gone.
When you got V&, they said two men where arrested for using the Kayla alias in some media. What happened there? The other person was my brother, they were unsure if it was him or me.
Ahh, You're poor brother... what happened when you got raided, how many people, where did they take you? I was home alone, they arrested me and took me to the police station for questioning. They told me during questioning that they had also been to arrest my brother.
Is human body very good build pc with very cheap soft?If it's so easy to exploit:( No it's a design prone to failure.
I want to learn Python 3. Codecademy is Python 2 (like all good tutorials...they seem to be for 2). Thanks for the links. I'll look into them. At the minuet I am going over logic, reading into some Verilog and other HDL because I want to experiment with some Field Programmable Gate Arrays (FPGA).
Hey its Kayla! Hahaha.
Hey thanks for the advice in the thread . I'll definitely use that on my quest to getting my Computer science thread and furthering my programming language knowledge ! No problem.
Kayla, I just want to say thank you. Haha no problem.
Meanwhile, while you were in prison our gov't set up a fake twitter type service in Cuba with the intent of helping topple the Cuban gov't. -_- I'd like to see how you have come to this conclusion? Or is it official and that is it's official purpose?
I just find it ironic that while prosecuting with one hand the other is going to extreme lengths to topple a government with social media. It's usually the case.
You should try this at /netsec. Possibly, no way to link them over? I'll admit it, this is the first time I've ever used or been to reddit.
They would probably have a few more knowledgeable comments and questions. Doesn't seem like any of them took the bait!
Yea, go to /netsec and create a new post, and make it a link (to the url of this thread). Make the title basically the same, but bring up the fact that it's an xpost. Thanks, I'll do this after I've made a coffee!
My question: why didn't you guys get ahead of the game by targeting Google. They're the resident evil today. Care to explain?
I think he meant Umbrella Corp. They have their hands in everything, and are mercilessly expanding. Fist umbrella fuck with zombies, now google!
#tr0ll. Hahaha, I'd like to believe it but...
Last updated: 2014-04-07 22:43 UTC
This post was generated by a robot! Send all complaints to epsy.
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Mining botnet bitcoin/litecoin. - YouTube

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