We are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative... - Omkar Naik
Data sets grow rapidly - in part because they are increasingly gathered by cheap and numerous information-sensing Internet of things devices such as mobile devices, aerial (remote sensing), software logs, cameras, microphones, radio-frequency identification (RFID) readers and wireless sensor networks.
It’s just the beginning of the data period. Data is going to be so important for human life in the future. So we are now just starting. We are a big data company, but compared to tomorrow, we are nothing. - Jack Ma (Alibaba)There are enormous quantities of wasted data, often over 99% is lost to the void, that could potentially contain extremely valuable information if allowed to flow freely in data streams that create an open and decentralized data lake that is accessible to any compensating party. Some of the biggest corporations of the world are purely digital like Google, Facebook and Amazon. Data/information market will be huge in the future and that's why there so many companies interested in what IOTA can offer.
submitted by GTE_IO to u/GTE_IO [link] [comments]
News by Coingeek: Dan Taylor
A German crypto mining firm has announced it has completed testing on a new air-cooled crypto mining container, which could make it more efficient to mine cryptocurrencies in locations worldwide.
Frankfurt am Main-based Northern Bitcoin AG said it had completed trials of its outdoor-focused mobile mining facility at its test site in Frankfurt-Hoechst.
The container holds over 144 ASIC miners inside a 20-foot container. Temperature sensors trigger fans with control air-flow through the unit, with a ventilation system for dissipating heat.
According to the firm, the mining container will give the flexibility to mine in more remote locations, or locations that might have previously been uneconomical due to weather and climate conditions.
With the mobile air-cooled container, crypto miners can effectively go wherever energy is the cheapest, without having to focus on setting up in cold weather climates.
Chief Technology Officer (CTO) of Northern Bitcoin, Moritz Jäger said the model would be “revolutionary” for the sustainability of cryptocurrency mining.
The new air-cooled technology has been optimized for year-round cool locations. With the new container variant, we are thus extending our option to open up new locations in Scandinavia for our Bitcoin mining. Like the water-cooled variant, also the air-cooled mining container is highly mobile. This allows us to react flexibly to all location options at short notice for conducting highly efficient Bitcoin mining.The heat generated by crypto mining hardware is a problem for miners, which many resolve by choosing to set up facilities in cold countries.
The Northern Bitcoin container effectively removes this problem for miners by making it possible to mine in any climate without damaging hardware or battling excess heat.
In the press release issued by Northern Bitcoin, the firm said the 20-foot container was an improvement on its own existing mining facilities.
“At the Lefdal Mine Datacenter in Norway, Northern Bitcoin AG currently operates 21 water-cooled 40-foot containers, each with 210 ASIC miners. In the new, air-cooled 20-foot container, a higher miner density has been achieved due to the design,” according to the firm.
Loans originated with MERS as the original mortgagee purport to separate the borrower’s promissory note, which is made payable to the originating lender, from the borrower’s conveyance of a mortgage, which purportedly is granted to MERS. If this separation is legally incorrect - as every state supreme court looking at the issue has agreed - then the security agreements do not name an actual mortgagee or beneficiary.The parallels between MERS and SegWit are obvious and inescapable.
The mortgage industry, however, has premised its proxy recording strategy on this separation, despite the U.S. Supreme Court’s holding that “the note and mortgage are inseparable.” [Compare with the language from Satoshi's whitepaper: "We define an electronic coin as a chain of digital signatures."]
If today’s courts take the Carpenter decision at its word, then what do we make of a document purporting to create a mortgage entirely independent of an obligation to pay? If the Supreme Court is right that a “mortgage can have no separate existence” from a promissory note, then a security agreement that purports to grant a mortgage independent of the promissory note attempts to convey something that cannot exist.
Many courts have held that a document attempting to convey an interest in realty fails to convey that interest if the document does not name an eligible grantee. Courts around the country have long held that “there must be, in every grant, a grantor, a grantee and a thing granted, and a deed wanting in either essential is absolutely void.”
Nguyen's criticisms fly in the face of what has emerged as broad support for the network optimization, which has been largely embraced by the network's developers, miners and startups as a pragmatic step forward.Then it goes on to quote "Bitcoin legal experts" who claim that using SegWit to delete Bitcoin's cryptographic signatures will be just fine:
Marco Santori, a fintech lawyer who leads the blockchain tech team at Cooley LLP, for example, took issue with what he argued was the confused framing of the allegation.And:
Santori told CoinDesk:
"It took the concept of what is a legal contract, and took the position that if you have a blockchain signature it has something to do with a legal contract."
Stephen Palley, counsel at Washington, DC, law firm Anderson Kill, remarked similarly that the argument perhaps put too much weight on the idea that the "signatures" involved in executing transactions on the bitcoin blockchain were or should be equivalent to signatures used in digital documents.And:
"It elides the distinction between signature and witness data and a digital signature, and they're two different things," Palley said.
"There are other ways to cryptographically prove a transaction is correctly signed other than having a full node," said BitGo engineer Jameson Lopp. "The assumption that if a transaction is in the blockchain, it's probably valid, is a fairly good guarantee."
Legal experts asserted that, because of this design, it's possible to prove that the transaction occurred between parties, even if those involved did not store signatures.
For this reason, Coin Center director Jerry Brito argued that nChain is overstating the issues that would arise from the absence of this data.
"If you have one-time proof that you have the bitcoin, if you don't have it and I have it, logically it was signed over to me. As long as somebody in the world keeps the signature data and it's accessible, it's fine," he said.
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.Does that "chain of digital signatures" sound like something you'd want to throw in the trash??
A payee can verify the signatures to verify the chain of ownership.Remember, this is what "small blockers" have always been insisting for years.
"We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership."
Satoshi Nakamoto, October 04, 2010, 07:48:40 PM "It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit / It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete."https://np.reddit.com/btc/comments/3wo9pb/satoshi_nakamoto_october_04_2010_074840_pm_it_can/
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"Compromise is not part of Honey Badger's vocabulary. Such notions are alien to Bitcoin, as it is a creature of the market with no central levers to compromise over. Bitcoin unhampered by hardcoding a 1MB cap is free to optimize itself perfectly to defeat all competition." ~ u/ForkiusMaximushttps://np.reddit.com/btc/comments/5y7vsi/compromise_is_not_part_of_honey_badgers/
Purely coincidental... ~ u/ForkiusMaximushttps://np.reddit.com/btc/comments/6a72vm/purely_coincidental/
Latest Segwit Trickery involves prominent support for "SW Now 2MB Later" which will lead to only half of the deal being honored. Barry Silbert front and center. Of course.~ u/SouperNerd
The people we are dealing with are the WORST type of manipulators and liars.~ u/BitAlien
There is absolutely NO reason why they should not deliver a 2 MB block size at the same time as SegWit.
This is like a dealer saying "hey gimme that $200 now, I just gotta run home and get your weed, I promise I'll be right back".
Barry Silbert's "proposal" is just another bait and switchhttps://np.reddit.com/btc/comments/6btl26/barry_silberts_proposal_is_just_another_bait_and/
Right, so the wording is:~ u/edmundedgar
I agree to immediately support the activation of Segregated Witness and commit to effectuate a block size increase to 2MB within 12 months[Based] on [their] previous performance [in the Hong Kong agreement - which they already broke], they're going to say, "Segregated Witness was a block size increase, to a total of 4MB, so we have delivered our side of the compromise."
Barry is an investor in Blockstream. What else needs to be said?~ u/coinlock
Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT.https://np.reddit.com/btc/comments/5vbofp/initially_i_liked_segwit_but_then_i_learned/
Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows.https://np.reddit.com/btc/comments/5ge1ks/segwit_cannot_be_rolled_back_because_to/
"So, Core wants us to trust miners not to steal Segwit's anyone-can-spends, but will not let them have a say on block size. Weird."~Cornell U Professor and bitcoin researcher Emin Gün Sirer.https://np.reddit.com/btc/comments/60ac4q/so_core_wants_us_to_trust_miners_not_to_steal/
Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & dangerous "anyone-can-spend kludge".https://np.reddit.com/btc/comments/5sndsz/brock_pierces_blockchain_capital_is_partowner_of/
u/Luke-Jr invented SegWit's dangerous "anyone-can-spend" soft-fork kludge. Now he helped kill Bitcoin trading at Circle. He thinks Bitcoin should only hard-fork TO DEAL WITH QUANTUM COMPUTING. Luke-Jr will continue to kill Bitcoin if we continue to let him. To prosper, BITCOIN MUST IGNORE LUKE-JR.https://np.reddit.com/btc/comments/5h0yf0/ulukejr_invented_segwits_dangerous_anyonecanspend/
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’gharhttps://np.reddit.com/btc/comments/5rdl1j/segwit_encumbers_bitcoin_with_irreversible/
"We had our arms twisted to accept 2MB hardfork + SegWit. We then got a bait and switch 1MB + SegWit with no hardfork, and accounting tricks to make P2SH transactions cheaper (for sidechains and Lightning, which is all Blockstream wants because they can use it to control Bitcoin)." ~ u/URGOVERNMENThttps://np.reddit.com/btc/comments/5ju5r8/we_had_our_arms_twisted_to_accept_2mb_hardfork/
Here is a list (on medium.com) of 13 articles that explain why SegWit would be bad for Bitcoin.https://np.reddit.com/btc/comments/646kmv/here_is_a_list_on_mediumcom_of_13_articles_that/
"Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZanderhttps://np.reddit.com/btc/comments/5rbv1j/why_is_flexible_transactions_more_futureproof/
Core/Blockstream & their supporters keep saying that "SegWit has been tested". But this is false. Other software used by miners, exchanges, Bitcoin hardware manufacturers, non-Core software developers/companies, and Bitcoin enthusiasts would all need to be rewritten, to be compatible with SegWithttps://np.reddit.com/btc/comments/5dlyz7/coreblockstream_their_supporters_keep_saying_that/
"SegWit [would] bring unnecessary complexity to the bitcoin blockchain. Huge changes it introduces into the client are a veritable minefield of issues, [with] huge changes needed for all wallets, exchanges, remittance, and virtually all bitcoin software that will use it." ~ u/Bitcoinopoly (self.btc)https://np.reddit.com/btc/comments/5jqgpz/segwit_would_bring_unnecessary_complexity_to_the/
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirerhttps://np.reddit.com/btc/comments/5rfh4i/3_excellent_articles_highlighting_some_of_the/
Normal users understand that SegWit-as-a-softfork is dangerous, because it deceives non-upgraded nodes into thinking transactions are valid when actually they're not - turning those nodes into "zombie nodes". Greg Maxwell and Blockstream are jeopardizing Bitcoin - in order to stay in power.https://np.reddit.com/btc/comments/4mnpxx/normal_users_understand_that_segwitasasoftfork_is/
As Benjamin Frankline once said: "Given a choice between Liberty (with a few Bugs), and Slavery (with no Bugs), a Free People will choose Liberty every time." Bitcoin Unlimited is liberty: market-based blocksizes. SegWit is slavery: centrally planned 1.7MB blocksize & "anyone-can-spend" transactionshttps://np.reddit.com/btc/comments/5zievg/as_benjamin_frankline_once_said_given_a_choice/
u/Uptrenda on SegWit: "Core is forcing every Bitcoin startup to abandon their entire code base for a Rube Goldberg machine making their products so slow, inconvenient, and confusing that even if they do manage to 'migrate' to this cluster-fuck of technical debt it will kill their businesses anyway."https://np.reddit.com/btc/comments/5e86fg/uuptrenda_on_segwit_core_is_forcing_every_bitcoin/
Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life.https://np.reddit.com/btc/comments/5fc1ii/just_because_something_is_a_soft_fork_doesnt_mean/
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximushttps://np.reddit.com/btc/comments/43h4cq/they_coreblockstream_fear_a_hard_fork_will_remove/
The real reason why Core / Blockstream always favors soft-forks over hard-forks (even though hard-forks are actually safer because hard-forks are explicit) is because soft-forks allow the "incumbent" code to quietly remain incumbent forever (and in this case, the "incumbent" code is Core)https://np.reddit.com/btc/comments/4080mw/the_real_reason_why_core_blockstream_always/
Reminder: Previous posts showing that Blockstream's opposition to hard-forks is dangerous, obstructionist, selfish FUD. As many of us already know, the reason that Blockstream is against hard forks is simple: Hard forks are good for Bitcoin, but bad for the private company Blockstream.https://np.reddit.com/btc/comments/4ttmk3/reminder_previous_posts_showing_that_blockstreams/
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
If Blockstream were truly "conservative" and wanted to "protect Bitcoin" then they would deploy SegWit AS A HARD FORK. Insisting on deploying SegWit as a soft fork (overly complicated so more dangerous for Bitcoin) exposes that they are LYING about being "conservative" and "protecting Bitcoin".https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
If some bozo dev team proposed what Core/Blockstream is proposing (Let's deploy a malleability fix as a "soft" fork that dangerously overcomplicates the code and breaks non-upgraded nodes so it's de facto HARD! Let's freeze capacity at 1 MB during a capacity crisis!), they'd be ridiculed and ignoredhttps://np.reddit.com/btc/comments/5944j6/if_some_bozo_dev_team_proposed_what/
"Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelthttps://np.reddit.com/btc/comments/5e410j/negotiations_have_failed_bscore_will_never_hf/
The proper terminology for a "hard fork" should be a "FULL NODE REFERENDUM" - an open, transparent EXPLICIT process where everyone has the right to vote FOR or AGAINST an upgrade. The proper terminology for a "soft fork" should be a "SNEAKY TROJAN HORSE" - because IT TAKES AWAY YOUR RIGHT TO VOTE.https://np.reddit.com/btc/comments/5e4e7d/the_proper_terminology_for_a_hard_fork_should_be/
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.https://np.reddit.com/btc/comments/4r2pw5/if_bitcoin_becomes_a_major_currency_then_tens_of/
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.https://np.reddit.com/btc/comments/5btu02/who_owns_the_world_1_barclays_2_axa_3_state/
Double standards: The other sub would go ballistic if Unlimited was funded by AXA. But they are just fine when AXA funds BS-core.https://np.reddit.com/btc/comments/62ykv1/double_standards_the_other_sub_would_go_ballistic/
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.https://np.reddit.com/btc/comments/4k1r7v/the_insurance_company_with_the_biggest_exposure/
Bilderberg Group -> AXA Strategic Ventures -> funds Blockstream -> Blockstream Core Devs. (The chairman of Bilderberg is Henri de Castries. The CEO of AXA Henri de Castries.)https://np.reddit.com/btc/comments/576ac9/bilderberg_group_axa_strategic_ventures_funds/
Why is Blockstream CTO Greg Maxwell u/nullc trying to pretend AXA isn't one of the top 5 "companies that control the world"? AXA relies on debt & derivatives to pretend it's not bankrupt. Million-dollar Bitcoin would destroy AXA's phony balance sheet. How much is AXA paying Greg to cripple Bitcoin?https://np.reddit.com/btc/comments/62htv0/why_is_blockstream_cto_greg_maxwell_unullc_trying/
Core/AXA/Blockstream CTO Greg Maxwell, CEO Adam Back, attack dog Luke-Jr and censor Theymos are sabotaging Bitcoin - but they lack the social skills to even feel guilty for this. Anyone who attempts to overrule the market and limit or hard-code Bitcoin's blocksize must be rejected by the community.https://np.reddit.com/btc/comments/689y1e/coreaxablockstream_cto_greg_maxwell_ceo_adam_back/
"I'm angry about AXA scraping some counterfeit money out of their fraudulent empire to pay autistic lunatics millions of dollars to stall the biggest sociotechnological phenomenon since the internet and then blame me and people like me for being upset about it." ~ u/dresden_khttps://np.reddit.com/btc/comments/5xjkof/im_angry_about_axa_scraping_some_counterfeit/
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?https://np.reddit.com/btc/comments/4mlo0z/greg_maxwell_used_to_have_intelligent_nuanced/
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.https://np.reddit.com/btc/comments/5obe2m/this_traders_price_volume_graph_model_predicted/
Just as a reminder: The main funder of Blockstream is Henri de Castries, chairman of French insurance company AXA, and chairman of the Bilderberg Group!https://np.reddit.com/btc/comments/5uw6cc/just_as_a_reminder_the_main_funder_of_blockstream/
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")https://np.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Bitcoin can go to 10,000 USD with 4 MB blocks, so it will go to 10,000 USD with 4 MB blocks. All the censorship & shilling on r\bitcoin & fantasy fiat from AXA can't stop that. BitcoinCORE might STALL at 1,000 USD and 1 MB blocks, but BITCOIN will SCALE to 10,000 USD and 4 MB blocks - and beyondhttps://np.reddit.com/btc/comments/5jgkxv/bitcoin_can_go_to_10000_usd_with_4_mb_blocks_so/
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimitedhttps://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
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