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Google Alternatives huge list restore your privacy

This guide aims to be the most exhaustive resource available for documenting alternatives to Google products.
With growing concerns over online privacy and securing personal data, more people than ever are considering alternatives to Google products.
After all, Google’s business model essentially revolves around data collection and advertisements, both of which infringe on your privacy. More data means better (targeted) ads and more revenue. The company pulled in over $116 billion in ad revenue last year alone – and that number continues to grow.
But the word is getting out. A growing number of people are seeking alternatives to Google products that respect their privacy and data.
So let’s get started.
Note: The lists below are not necessarily in rank order. Choose the best products and services based on your own unique needs.

Google search alternatives

When it comes to privacy, using Google search is not a good idea. When you use their search engine, Google is recording your IP address, search terms, user agent, and often a unique identifier, which is stored in cookies.
Here are ten alternatives to Google search:
  1. Searx – A privacy-friendly and versatile metasearch engine that’s also open source.
  2. MetaGer – An open source metasearch engine with good features, based in Germany.
  3. SwissCows – A zero-tracking private search engine based in Switzerland, hosted on secure Swiss infrastructure.
  4. Qwant – A private search engine based in France.
  5. DuckDuckGo – A private search engine based in the US.
  6. Mojeek – The only true search engine (rather than metasearch engine) that has its own crawler and index (based in the UK).
  7. YaCy – A decentralized, open source, peer-to-peer search engine.
  8. Givero – Based in Denmark, Givero offers more privacy than Google and combines search with charitable donations.
  9. Ecosia – Ecosia is based in Germany and donates a part of revenues to planting trees.
*Note: With the exception of Mojeek, all of the private search engines above are technically metasearch engines, since they source their results from other search engines, such as Bing and Google.
(Startpage is no longer recommended.)

Gmail alternatives

Gmail may be convenient and popular, but there are three major problems:
  1. Your inbox is used as a data collection tool. (Did you know Google is tracking your purchasing history from the receipts in your inbox?)
  2. Rather than seeing just emails, your email inbox is also used for ads and marketing.
  3. The contents of your inbox are being shared with Google and other random third parties.
When you remain logged in to your Gmail account, Google can easily track your activities online as you browse different websites, which may be hosting Google Analytics or Google ads (Adsense).
Here are ten alternatives to Gmail that do well in terms of privacy:
  1. Tutanota – based in Germany; very secure and private; free accounts up to 1 GB
  2. Mailfence – based in Belgium; lots of features; free accounts up to 500 MB
  3. Posteo – based in Germany; €1/mo with 14 day refund window
  4. StartMail – based in Netherlands; $5.00/mo with 7 day free trial
  5. Runbox – based in Norway; lots of storage and features; $1.66/mo with 30 day free trial
  6. Mailbox.org – based in Germany; €1/mo with 30 day free trial
  7. CounterMail – based in Sweden; $4.00/mo with 7 day free trial
  8. Kolab Now – based in Switzerland; €4.41/mo with 30 day money-back guarantee
  9. ProtonMail – based in Switzerland; free accounts up to 500 MB
  10. Thexyz – based in Canada; $1.95/mo with 30 day refund window

Chrome alternatives

Google Chrome is a popular browser, but it’s also a data collection tool – and many people are taking notice. Just a few days ago, the Washington Post asserted that “Google’s web browser has become spy software,” with 11,000 tracker cookies observed in a single week.
Here are seven alternatives for more privacy:
  1. Firefox browser – Firefox is a very customizable, open-source browser that is popular in privacy circles. There are also many different Firefox modifications and tweaks that will give you more privacy and security. (Also check out Firefox Focus, a privacy-focused version for mobile users.)
  2. Iridium – Based on open source Chromium, Iridium offers numerous privacy and security enhancements over Chrome, source code here.
  3. GNU IceCat – A fork of Firefox from the Free Software Foundation.
  4. Tor browser – A hardened and secured version of Firefox that runs on the Tor network by default. (It also does a good job against browser fingerprinting.)
  5. Ungoogled Chromium – Just as the name says, this is an open source version of Chromium that has been “ungoogled” and modified for more privacy.
  6. Brave – Brave is another Chromium-based browser that is rather popular. It blocks trackers and ads by default (except for “approved” ads that are part of the “Brave Ads” network).
  7. Waterfox – This is a fork of Firefox that is configured for more privacy by default, with Mozilla telemetry stripped out of the code.
Of course, there are other alternatives to Chrome, such as Safari (from Apple), Microsoft Internet ExploreEdge, Opera, and Vivaldi – but these also come with some privacy drawbacks.

Google Drive alternatives

If you’re looking for a secure cloud storage option, you can check out these Google Drive alternatives:
  1. Tresorit – A user-friendly cloud storage option based in Switzerland.
  2. ownCloud – An open source and self-hosted cloud platform developed in Germany.
  3. Nextcloud – Nextcloud is also an open source, self-hosted file sharing and collaboration platform, based in Germany.
  4. Sync – Based in Canada, Sync offers a secure, encrypted cloud storage solution for businesses and individuals.
  5. Syncthing – Here we have a decentralized, open source, peer-to-peer cloud storage platform.
Of course, Dropbox is another popular Google drive alternative, but it’s not the best in terms of privacy.

Google Calendar alternative

Here are some Google Calendar alternatives:
  1. Lightning Calendar is an open source calendar option developed by Mozilla, and it’s compatible with Thunderbird and Seamonkey.
  2. Etar, an open source, basic calendar option.
  3. Fruux, an open source calendar with good features and support for many operating systems.
For those wanting a combined solution for both email and calendar functionality, these providers offer that:

Google Docs / Sheets / Slides alternative

There are many solid Google Docs alternatives available. The largest offline document editing suite is, of course, Microsoft Office. As most people know, however, Microsoft is not the best company for privacy. Nonetheless, there are a few other good Google Docs alternatives:
  1. CryptPad – CryptPad is a privacy-focused alternative with strong encryption, and it’s free.
  2. Etherpad – A self-hosted collaborative online editor that’s also open source.
  3. Mailfence Documents – From the Mailfence team, this is a secure file sharing, storage, and collaboration tool.
  4. Zoho Docs – This is another good Google Docs alternative with a clean interface and good functionality, although it may not be the best for privacy.
  5. OnlyOffice – OnlyOffice feels a bit more restricted than some of the other options in terms of features.
  6. Cryptee – This is a privacy-focused platform for photo and document storage and editing. It’s open source and based in Estonia.
  7. LibreOffice (offline) – You can use LibreOffice which is free and open source.
  8. Apache OpenOffice (offline) – Another good open source office suite.

Google Photos alternative

Here are a few good Google Photos alternatives:
Shoebox was another alternative, but it closed operations in June 2019.

YouTube alternatives

Unfortunately, YouTube alternatives can really be hit or miss, with most struggling to gain popularity.
  1. Peertube
  2. DTube
  3. Bitchute
  4. invidio.us
  5. Vimeo
  6. Bit.tube
  7. Dailymotion
  8. Hooktube
Tip: Invidio.us is a great Youtube proxy that allows you to watch any Youtube video without logging in, even if the video is somehow restricted. To do this, simply replace [www.youtube.com] with [invidio.us] in the URL you want to view.

Google translate alternative

Here are a few Google translate alternatives I have come across:
  1. DeepL – DeepL is a solid Google Translate alternative that seems to give great results. Like Google Translate, DeepL allows you to post up to 5,000 characters at a time (but the pro version is unlimited). The user interface is good and there is also a built-in dictionary feature.
  2. Linguee – Linguee does not allow you to post large blocks of text like DeepL. However, Linguee will give you very accurate translations for single words or phrases, along with context examples.
  3. dict.cc – This Google Translate alternative seems to do a decent job on single-world lookups, but it also feels a bit outdated.
  4. Swisscows Translate – A good translation service supporting many languages.
If you want to translate blocks of text, check out DeepL. If you want in-depth translations for single words or phrases, then Linguee is a good choice.

Google analytics alternative

For website admins, there are many reasons to use an alternative to Google analytics. Aside from privacy concerns, there are also faster and more user-friendly alternatives that also respect your visitors’ privacy.
  1. Clicky is a great alternative to Google Analytics that truncates and anonymizes visitor IP addresses by default. It is lightweight, user-friendly, and fully compliant with GDPR regulations, while also being certified by Privacy Shield.
  2. Matomo (formerly Piwik) is an open-source analytics platform that respects the privacy of visitors by anonymizing and truncating visitor IP addresses (if enabled by the website admin). It is also certified to respect user privacy.
  3. Fathom Analytics is an open source alternative to Google Analytics that’s available on Github here. It’s minimal, fast, and lightweight.
  4. Get Insights – Another privacy-focused analytics platform, with a full analytics suite. The front-end client is open source and available here.
  5. AT Internet is a France-based analytics provider that is fully GDPR compliant, with all data stored on French servers, and a good track record going back to 1996.
Many websites host Google Analytics because they run Google Adsense campaigns. Without Google Analytics, tracking performance of these campaigns would be difficult. Nonetheless, there are still better options for privacy.

Google Maps alternative

A map alternative for PCs is OpenStreetMap.
A few Google Maps alternatives for mobile devices include:
  1. OsmAnd is a free and open-source mobile maps app for both Android and iOS (based on OpenStreetMap data).
  2. Maps (F Droid) uses OpenStreetMap data (offline).
  3. Maps.Me is another option that is free on both Android and iOS, but there is a fair amount of data collection with this alternative, as explained in their privacy policy.
  4. MapHub is also based on OpenStreeMap data and it does not collect locations or user IP addresses.
Note: Waze is not an “alternative” as it is now owned by Google.

Google Play Store alternative

Currently the best Google Play Store alternative is to use F-Droid and then go through the Yalp store. As explained on the official site, F-Droid is an installable catalog of FOSS (Free and Open Source Software) applications for the Android platform.
After you have installed F-Droid, you can then download the Yalp store APK, which allows you to download apps from the Google Play Store directly as APK files.
📷The Yalp Store is a good alternative to the Google Play Store.
See the F-Droid website or the official GitHub page for more info. Other alternatives to the Google Play Store include:

Google Chrome OS alternative

Want to ditch the Chromebook and Chrome OS? Here are a few alternatives:
  1. Linux – Of course, Linux is arguably the best alternative, being a free, open-source operating system with lots of different flavors. With some adjustments, Linux Ubuntu can be run on Chromebooks.
  2. Tails – Tails is a free, privacy-focused operating system based on Linux that routes all traffic through the Tor network.
  3. QubesOS – Recommended by Snowden, free, and also open source.
Of course, the other two big operating system alternatives are Windows and Apple’s operating system for MacBooks – Mac OS. Windows, particularly Windows 10, is a very bad option for privacy. While slightly better, Apple also collects user data and has partnered with the NSA) for surveillance.

Android alternatives

The biggest alternative to Android is iOS from Apple. But we’ll skip over that for reasons already mentioned. Here are a few Android OS alternatives:
  1. LineageOS – A free and open-source operating system for phones and tablets based on Android.
  2. Ubuntu Touch – A mobile version of the Ubuntu operating system.
  3. Plasma Mobile – An open source, Linux-based operating system with active development.
  4. Sailfish OS – Another open source, Linux-based mobile OS.
  5. Replicant – A fully free Android distribution with an emphasis on freedom, privacy, and security.
  6. /e/ – This is another open source project with a focus on privacy and security.
Purism is also working on a privacy-focused mobile phone called the Librem 5. It is in production, but not yet available (estimated Q3 2019).

Google Hangouts alternatives

Here are some alternatives to Google Hangouts:
  1. Wire – A great all-around secure messenger, video, and chat app, but somewhat limited on the number of people who can chat together in a group conversation via voice or video.
  2. Signal – A good secure messenger platform from Open Whisper Systems.
  3. Telegram – A longtime secure messenger app, formerly based in Russia, now in Dubai.
  4. Riot – A privacy-focused encrypted chat service that is also open source.

Google Domains alternative

Google Domains is a domain registration service. Here are a few alternatives:
  1. Namecheap – I like Namecheap because all domain purchases now come with free WhoisGuard protection for life, which protects your contact information from third parties. Namecheap also accepts Bitcoin and offers domain registration, hosting, email, SSL certs, and a variety of other products.
  2. Njalla – Njalla is a privacy-focused domain registration service based in Nevis. They offer hosting options, too, and also accept cryptocurrency payments.
  3. OrangeWebsite – OrangeWebsite offers anonymous domain registration services and also accepts cryptocurrency payments, based in Iceland.

Other Google alternatives

Here more alternatives for various Google products:
Google forms alternativeJotForm is a free online form builder.
Google Keep alternative – Below are a few different Google Keep alternatives:
Google Fonts alternative – Many websites load Google fonts through Google APIs, but that’s not necessary. One alternative to this is to use Font Squirrel, which has a large selection of both Google and non-Google fonts which are free to download and use.
Google Voice alternativeJMP.chat (both free and paid)
G Suite alternativeZoho is probably the best option
Google Firebase alternativeKuzzle (free and open source)
Google Blogger alternativesWordPress, Medium, and Ghost are all good options.
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All you need to know about Yield Farming - The rocket fuel for Defi

All you need to know about Yield Farming - The rocket fuel for Defi
Source
It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up.
According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV.
Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token.
Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms.
That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers.

https://preview.redd.it/lxsvazp1g9l51.png?width=775&format=png&auto=webp&s=a36173ab679c701a5d5e0aac806c00fcc84d78c1

Where it started

Ethereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi.
The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency.
Another term floating about is “liquidity mining.”
The buzz around these concepts has evolved into a low rumble as more and more people get interested.
The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes.
But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them.
We’re going to go from very basic to more advanced, so feel free to skip ahead.

What are tokens?

Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game.
But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT).
If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet.
Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol.
So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on.
Read more: Why DeFi’s Billion-Dollar Milestone Matters
One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.

What is DeFi?

Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo.
In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet.
On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC.
(Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.)
Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral).
Read more: There Are More DAI on Compound Now Than There Are DAI in the World
If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user.
So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market.

Doesn’t running a bank take a lot of money up front?

It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets.
Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts?
“In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg.
Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market.
On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools.

Why do I keep hearing about ‘pools’?

To illustrate why more money helps, let’s break down how Uniswap works.
Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both.
The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity.
(Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.)
Read more: Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans
However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful.
You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow.
And this brings us back to tokens.
Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.”

So how much money do people make by putting money into these products?

It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens.
Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing.
However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted.
Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range.
Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another.
Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on.
So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.

OK, I already knew all of that. What is yield farming?

Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.
At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk.
“Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant.
Because these positions are tokenized, though, they can go further.
This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender?
In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here).
They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on.
Right now, however, things are not normal, and they probably won’t be for a while.

Why is yield farming so hot right now?

Because of liquidity mining. Liquidity mining supercharges yield farming.
Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity.
“The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp.
The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla.
But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token.
Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more.
So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies.
Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business.
The results were very surprising, even to Compound’s biggest promoters.
COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now.
This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender?
COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money.
It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible.
“Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital.
COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now.
Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not.
As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetix also teamed up to promote a liquidity pool on Curve.
It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity.
The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect.
So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer.

Did liquidity mining start with COMP?

No, but it was the most-used protocol with the most carefully designed liquidity mining scheme.
This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token.
Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing.
These initiatives illustrated how quickly crypto users respond to incentives.
Read more: Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy
Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools.
When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible.
Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again.

Is there DeFi for bitcoin?

Yes, on Ethereum.
Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin.
A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person.
DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly.
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC.
Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference).
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.

How risky is it?

Enough.
“DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.”
We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken.
As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches.
Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught.
And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone.
That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops.
“Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.)
Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC).

What’s next for yield farming? (A prediction)

COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking.
“Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models.
We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior.
Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal.
(There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.)
As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches.
Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op?
Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit.
But that’s the nice thing about farming in DeFi: It is very easy to switch fields.
submitted by pascalbernoulli to Yield_Farming [link] [comments]

guide to how to restore your privacy huge list

This guide aims to be the most exhaustive resource available for documenting alternatives to Google products.
With growing concerns over online privacy and securing personal data, more people than ever are considering alternatives to Google products.
After all, Google’s business model essentially revolves around data collection and advertisements, both of which infringe on your privacy. More data means better (targeted) ads and more revenue. The company pulled in over $116 billion in ad revenue last year alone – and that number continues to grow.
But the word is getting out. A growing number of people are seeking alternatives to Google products that respect their privacy and data.
So let’s get started.
Note: The lists below are not necessarily in rank order. Choose the best products and services based on your own unique needs.

Google search alternatives

When it comes to privacy, using Google search is not a good idea. When you use their search engine, Google is recording your IP address, search terms, user agent, and often a unique identifier, which is stored in cookies.
Here are ten alternatives to Google search:
  1. Searx – A privacy-friendly and versatile metasearch engine that’s also open source.
  2. MetaGer – An open source metasearch engine with good features, based in Germany.
  3. SwissCows – A zero-tracking private search engine based in Switzerland, hosted on secure Swiss infrastructure.
  4. Qwant – A private search engine based in France.
  5. DuckDuckGo – A private search engine based in the US.
  6. Mojeek – The only true search engine (rather than metasearch engine) that has its own crawler and index (based in the UK).
  7. YaCy – A decentralized, open source, peer-to-peer search engine.
  8. Givero – Based in Denmark, Givero offers more privacy than Google and combines search with charitable donations.
  9. Ecosia – Ecosia is based in Germany and donates a part of revenues to planting trees.
*Note: With the exception of Mojeek, all of the private search engines above are technically metasearch engines, since they source their results from other search engines, such as Bing and Google.
(Startpage is no longer recommended.)

Gmail alternatives

Gmail may be convenient and popular, but there are three major problems:
  1. Your inbox is used as a data collection tool. (Did you know Google is tracking your purchasing history from the receipts in your inbox?)
  2. Rather than seeing just emails, your email inbox is also used for ads and marketing.
  3. The contents of your inbox are being shared with Google and other random third parties.
When you remain logged in to your Gmail account, Google can easily track your activities online as you browse different websites, which may be hosting Google Analytics or Google ads (Adsense).
Here are ten alternatives to Gmail that do well in terms of privacy:
  1. Tutanota – based in Germany; very secure and private; free accounts up to 1 GB
  2. Mailfence – based in Belgium; lots of features; free accounts up to 500 MB
  3. Posteo – based in Germany; €1/mo with 14 day refund window
  4. StartMail – based in Netherlands; $5.00/mo with 7 day free trial
  5. Runbox – based in Norway; lots of storage and features; $1.66/mo with 30 day free trial
  6. Mailbox.org – based in Germany; €1/mo with 30 day free trial
  7. CounterMail – based in Sweden; $4.00/mo with 7 day free trial
  8. Kolab Now – based in Switzerland; €4.41/mo with 30 day money-back guarantee
  9. ProtonMail – based in Switzerland; free accounts up to 500 MB
  10. Thexyz – based in Canada; $1.95/mo with 30 day refund window

Chrome alternatives

Google Chrome is a popular browser, but it’s also a data collection tool – and many people are taking notice. Just a few days ago, the Washington Post asserted that “Google’s web browser has become spy software,” with 11,000 tracker cookies observed in a single week.
Here are seven alternatives for more privacy:
  1. Firefox browser – Firefox is a very customizable, open-source browser that is popular in privacy circles. There are also many different Firefox modifications and tweaks that will give you more privacy and security. (Also check out Firefox Focus, a privacy-focused version for mobile users.)
  2. Iridium – Based on open source Chromium, Iridium offers numerous privacy and security enhancements over Chrome, source code here.
  3. GNU IceCat – A fork of Firefox from the Free Software Foundation.
  4. Tor browser – A hardened and secured version of Firefox that runs on the Tor network by default. (It also does a good job against browser fingerprinting.)
  5. Ungoogled Chromium – Just as the name says, this is an open source version of Chromium that has been “ungoogled” and modified for more privacy.
  6. Brave – Brave is another Chromium-based browser that is rather popular. It blocks trackers and ads by default (except for “approved” ads that are part of the “Brave Ads” network).
  7. Waterfox – This is a fork of Firefox that is configured for more privacy by default, with Mozilla telemetry stripped out of the code.
Of course, there are other alternatives to Chrome, such as Safari (from Apple), Microsoft Internet ExploreEdge, Opera, and Vivaldi – but these also come with some privacy drawbacks.

Google Drive alternatives

If you’re looking for a secure cloud storage option, you can check out these Google Drive alternatives:
  1. Tresorit – A user-friendly cloud storage option based in Switzerland.
  2. ownCloud – An open source and self-hosted cloud platform developed in Germany.
  3. Nextcloud – Nextcloud is also an open source, self-hosted file sharing and collaboration platform, based in Germany.
  4. Sync – Based in Canada, Sync offers a secure, encrypted cloud storage solution for businesses and individuals.
  5. Syncthing – Here we have a decentralized, open source, peer-to-peer cloud storage platform.
Of course, Dropbox is another popular Google drive alternative, but it’s not the best in terms of privacy.

Google Calendar alternative

Here are some Google Calendar alternatives:
  1. Lightning Calendar is an open source calendar option developed by Mozilla, and it’s compatible with Thunderbird and Seamonkey.
  2. Etar, an open source, basic calendar option.
  3. Fruux, an open source calendar with good features and support for many operating systems.
For those wanting a combined solution for both email and calendar functionality, these providers offer that:

Google Docs / Sheets / Slides alternative

There are many solid Google Docs alternatives available. The largest offline document editing suite is, of course, Microsoft Office. As most people know, however, Microsoft is not the best company for privacy. Nonetheless, there are a few other good Google Docs alternatives:
  1. CryptPad – CryptPad is a privacy-focused alternative with strong encryption, and it’s free.
  2. Etherpad – A self-hosted collaborative online editor that’s also open source.
  3. Mailfence Documents – From the Mailfence team, this is a secure file sharing, storage, and collaboration tool.
  4. Zoho Docs – This is another good Google Docs alternative with a clean interface and good functionality, although it may not be the best for privacy.
  5. OnlyOffice – OnlyOffice feels a bit more restricted than some of the other options in terms of features.
  6. Cryptee – This is a privacy-focused platform for photo and document storage and editing. It’s open source and based in Estonia.
  7. LibreOffice (offline) – You can use LibreOffice which is free and open source.
  8. Apache OpenOffice (offline) – Another good open source office suite.

Google Photos alternative

Here are a few good Google Photos alternatives:
Shoebox was another alternative, but it closed operations in June 2019.

YouTube alternatives

Unfortunately, YouTube alternatives can really be hit or miss, with most struggling to gain popularity.
  1. Peertube
  2. DTube
  3. Bitchute
  4. invidio.us
  5. Vimeo
  6. Bit.tube
  7. Dailymotion
  8. Hooktube
Tip: Invidio.us is a great Youtube proxy that allows you to watch any Youtube video without logging in, even if the video is somehow restricted. To do this, simply replace [www.youtube.com] with [invidio.us] in the URL you want to view.

Google translate alternative

Here are a few Google translate alternatives I have come across:
  1. DeepL – DeepL is a solid Google Translate alternative that seems to give great results. Like Google Translate, DeepL allows you to post up to 5,000 characters at a time (but the pro version is unlimited). The user interface is good and there is also a built-in dictionary feature.
  2. Linguee – Linguee does not allow you to post large blocks of text like DeepL. However, Linguee will give you very accurate translations for single words or phrases, along with context examples.
  3. dict.cc – This Google Translate alternative seems to do a decent job on single-world lookups, but it also feels a bit outdated.
  4. Swisscows Translate – A good translation service supporting many languages.
If you want to translate blocks of text, check out DeepL. If you want in-depth translations for single words or phrases, then Linguee is a good choice.

Google analytics alternative

For website admins, there are many reasons to use an alternative to Google analytics. Aside from privacy concerns, there are also faster and more user-friendly alternatives that also respect your visitors’ privacy.
  1. Clicky is a great alternative to Google Analytics that truncates and anonymizes visitor IP addresses by default. It is lightweight, user-friendly, and fully compliant with GDPR regulations, while also being certified by Privacy Shield.
  2. Matomo (formerly Piwik) is an open-source analytics platform that respects the privacy of visitors by anonymizing and truncating visitor IP addresses (if enabled by the website admin). It is also certified to respect user privacy.
  3. Fathom Analytics is an open source alternative to Google Analytics that’s available on Github here. It’s minimal, fast, and lightweight.
  4. Get Insights – Another privacy-focused analytics platform, with a full analytics suite. The front-end client is open source and available here.
  5. AT Internet is a France-based analytics provider that is fully GDPR compliant, with all data stored on French servers, and a good track record going back to 1996.
Many websites host Google Analytics because they run Google Adsense campaigns. Without Google Analytics, tracking performance of these campaigns would be difficult. Nonetheless, there are still better options for privacy.

Google Maps alternative

A map alternative for PCs is OpenStreetMap.
A few Google Maps alternatives for mobile devices include:
  1. OsmAnd is a free and open-source mobile maps app for both Android and iOS (based on OpenStreetMap data).
  2. Maps (F Droid) uses OpenStreetMap data (offline).
  3. Maps.Me is another option that is free on both Android and iOS, but there is a fair amount of data collection with this alternative, as explained in their privacy policy.
  4. MapHub is also based on OpenStreeMap data and it does not collect locations or user IP addresses.
Note: Waze is not an “alternative” as it is now owned by Google.

Google Play Store alternative

Currently the best Google Play Store alternative is to use F-Droid and then go through the Yalp store. As explained on the official site, F-Droid is an installable catalog of FOSS (Free and Open Source Software) applications for the Android platform.
After you have installed F-Droid, you can then download the Yalp store APK, which allows you to download apps from the Google Play Store directly as APK files.
📷The Yalp Store is a good alternative to the Google Play Store.
See the F-Droid website or the official GitHub page for more info. Other alternatives to the Google Play Store include:

Google Chrome OS alternative

Want to ditch the Chromebook and Chrome OS? Here are a few alternatives:
  1. Linux – Of course, Linux is arguably the best alternative, being a free, open-source operating system with lots of different flavors. With some adjustments, Linux Ubuntu can be run on Chromebooks.
  2. Tails – Tails is a free, privacy-focused operating system based on Linux that routes all traffic through the Tor network.
  3. QubesOS – Recommended by Snowden, free, and also open source.
Of course, the other two big operating system alternatives are Windows and Apple’s operating system for MacBooks – Mac OS. Windows, particularly Windows 10, is a very bad option for privacy. While slightly better, Apple also collects user data and has partnered with the NSA) for surveillance.

Android alternatives

The biggest alternative to Android is iOS from Apple. But we’ll skip over that for reasons already mentioned. Here are a few Android OS alternatives:
  1. LineageOS – A free and open-source operating system for phones and tablets based on Android.
  2. Ubuntu Touch – A mobile version of the Ubuntu operating system.
  3. Plasma Mobile – An open source, Linux-based operating system with active development.
  4. Sailfish OS – Another open source, Linux-based mobile OS.
  5. Replicant – A fully free Android distribution with an emphasis on freedom, privacy, and security.
  6. /e/ – This is another open source project with a focus on privacy and security.
Purism is also working on a privacy-focused mobile phone called the Librem 5. It is in production, but not yet available (estimated Q3 2019).

Google Hangouts alternatives

Here are some alternatives to Google Hangouts:
  1. Wire – A great all-around secure messenger, video, and chat app, but somewhat limited on the number of people who can chat together in a group conversation via voice or video.
  2. Signal – A good secure messenger platform from Open Whisper Systems.
  3. Telegram – A longtime secure messenger app, formerly based in Russia, now in Dubai.
  4. Riot – A privacy-focused encrypted chat service that is also open source.

Google Domains alternative

Google Domains is a domain registration service. Here are a few alternatives:
  1. Namecheap – I like Namecheap because all domain purchases now come with free WhoisGuard protection for life, which protects your contact information from third parties. Namecheap also accepts Bitcoin and offers domain registration, hosting, email, SSL certs, and a variety of other products.
  2. Njalla – Njalla is a privacy-focused domain registration service based in Nevis. They offer hosting options, too, and also accept cryptocurrency payments.
  3. OrangeWebsite – OrangeWebsite offers anonymous domain registration services and also accepts cryptocurrency payments, based in Iceland.

Other Google alternatives

Here more alternatives for various Google products:
Google forms alternativeJotForm is a free online form builder.
Google Keep alternative – Below are a few different Google Keep alternatives:
Google Fonts alternative – Many websites load Google fonts through Google APIs, but that’s not necessary. One alternative to this is to use Font Squirrel, which has a large selection of both Google and non-Google fonts which are free to download and use.
Google Voice alternativeJMP.chat (both free and paid)
G Suite alternativeZoho is probably the best option
Google Firebase alternativeKuzzle (free and open source)
Google Blogger alternativesWordPress, Medium, and Ghost are all good options.
submitted by giganticcobra to privacytoolsIO [link] [comments]

HUGE BETFURY 2.0 UPDATE - I-Gaming experience you deserve!

HUGE BETFURY 2.0 UPDATE - I-Gaming experience you deserve!

https://preview.redd.it/9zq2t439ga551.png?width=1280&format=png&auto=webp&s=625e042b5f8e0f910db4c44b61d7f7d036133edb
Today it is safe to say that BetFury 2.0 will change your understanding of the gaming industry! We are glad to present you an update that all BetFury supporters will admire and that all rivals will definitely pay attention to.For six months, our team has been working hard to create the best gaming experience in the TRON Dapp space. Despite all the advantages, the BetFury platform has already become quite well-known among TRON-users. We decided that it is time to change something and offer the whole crypto world an updated BetFury 2.0 platform.

BetFury 2.0 - Social i-Gaming Crypto platform

What makes the updated platform so unique?
BetFury has become the Social i-Gaming Crypto platform with the first BTC dividend pool in the gambling industry. The best gaming entertainment is provided with such advantages: BFG Staking, easy login system, Dividend pools in BTC, TRX, USDT, BTT, 1000+ games, Rank VIP system, Jackpots, Cashback up to 25%, friendly 24/7 support.
The main idea of BetFury 2.0 update is the combination of Dapp features: BetFury Staking (platform profit multicurrency drops for BFG holders in TRX, USDT, BTT) and web 3 API login (TronLink, TronWallet, etc).We open the doors for everyone with standard and user-friendly login by using email/pass or Social accounts login.Together with the high-end remastering of overall UI/UX on BetFury we are proud to show even better, meaningful, and more expressive results.
The next core feature - the Bitcoin Dividends pool is the one all users have been waiting for since Bitcoin was added as a gaming coin to the platform. Bitcoin dividends staking opportunity with a unique mining solution opens new opportunities and new users' acquisition as a result - the rapid movement of development, profitable mining, rising Dividends pool.

Global changes

BetFury moves from Tron to Bitcoin as a master cryptocurrency on the platform. That means that all the internal ratings, wager calculations, rankings, jackpots will be in Bitcoin now.
  • Important! All the reached users' ranks, global ratings of top users, and other data has been recalculated from TRX into BTC after the launching of BetFury 2.0.All data was transferred correctly without any loss.
Deposit/Withdrawal

https://preview.redd.it/w0a3bwxcga551.png?width=587&format=png&auto=webp&s=4277d8fa0b6f14912c2de2d7733b925e06098df8
Another important global change is related to Tron users who had to use TronLink, TronWallet or any other web 3 API wallet for entering BetFury. This way can still be used to sign in.We open the doors for the whole crypto world with user-friendly login by using 📧 email/pass. BetFury generates a unique address for every user to deposit funds to use all services (games, staking, etc).BetFury platform continues to provide an instant automatic Deposit/Withdrawal system.
Account
From the very beginning BetFury presents the place for tracking your account activity such as bets, transaction history, total wager, personalization tools. In BetFury 2.0 we have added security features related to email/pass such as change email, change pass, Two-factor authorization to provide the maximum confidence for users that playing on BetFury is secure. We did all the updates in the best manner of global leaders in crypto B2C products.
BFG token and BFG(BTC) and BFG(TRX) subtokens

https://preview.redd.it/167fkzckga551.png?width=692&format=png&auto=webp&s=8403b6542237f19fa9db501d516784731e0574d2
BFG is the unified token of BetFury platform with a max supply of 5 000 000 000.To expand potential market opportunities and improve the dividends payout we decided to fork BFG for BFG(BTC) and BFG(TRX) subtokens inside the site.Now depending on the cryptocurrency you use when placing bets, you will get BFG(BTC) and BFG(TRX) subtokens accordingly:Bet with Bitcoin - get BFG(BTC).Bet with TRON crypto (TRX, USDT, BTT) - get BFG(TRX).

Advantages of this solution

  • Coming of investors from the whole crypto world and the dividends pool growth
  • Heightened value of BFG token
  • Better earning opportunity for newcomers and old users
  • Increased interest to the project, which will simplify the BFG listing procedure
All tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX).
Basic native BetFury game token (BFG) continues to be based on TRC-20 smart contract. It means that mining BFG(TRX)/BFG(BTC) subtokens are just a solution to start a new mining cycle on the BetFury platform.

Mining price on BetFury 2.0

BFG(TRX)In House games: start from 40 TRX/1BFGSlots games: 13.5 TRX/1BFGIncreasing: for every mined 100 000 000 BFG token the price increases for +1 TRX (for In-house games) and +0,5 TRX (for slots).
BFG(BTC)In House games: start from 0.00007000 BTC/1 BFGIncreasing: for every mined 100 000 000 BFG token the price increases for +0.0000001 BTCExample: 0.00007100 BTC → 0.00007200 BTC → 0.00007300 BTC → 0.00007400 BTC → 0.00007500 BTC
Slots:Start from 0.000023 BTC/1 BFGIncreasing: for every mined 100 000 000 BFG token the price increases for + 0.0000005 BTCExample: 0.000023 BTC → 0.0000235 BTC → 0.000024 BTC → 0.0000245 BTC

House-edge

We have changed the house edge for Dice from 1.5% to 1.99%The reason is that it should quickly replenish the dividend pool. Also because we have a lot of different features, contests, big cashback, VIP Rank system.
Increased house edge on Dice does not affect the increasing of the mining price. In fact, the cost of mining remains the same, due to equalization of the price of mining by the BF team.We are sure that this will have a better effect on the dividend pool and on the distribution of dividends to our users.

Minimal bets

Off-chain bets solutions allow us to reduce minimum bets in every in-house game. Starting from BetFury 2.0 release in-house games will have the next min bets:0.00000100 BTC0.00000100 TRX0.00000100 USDT0.00000100 BTTSlots, Table and Live games will have their own bets allowed by the games providers. BetFury team is always trying to make better conditions related to integrated games to make it possible to play for everyone. BetFury constantly pushes partners to add more crypto gaming solutions.
BetFury staking (Mining and Dividends)

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The Dividends system is one of the main and most valuable features of BetFury. The system of multicurrency drops for all BFG token holders. From now users don't need to use Tron network to receive payouts for holding BFG. In order to invite new users for mining procedures and increase the value of BFG token, we provide a new 90%-10% staking payouts model with subtokens mining of BFG(TRX) and BFG(BTC).

Advantages of renewed BetFury staking system

Here on BetFury we maximized the opportunity of earning dividends for all newcomers and old users. And from now on we expand this opportunity for every crypto user outside the Tron market. BetFury also gives the opportunity to receive BTC dividends for users, who have been with us from the first day of the platform launch.BetFury Staking solution is ideal for both new users and for existing. New users who decided to join BetFury will join to Build new world class product. There is a unique opportunity to mine BFG(BTC) tokens with the best price and receive generous dividends.
  • Stakinga feature, that means that users claim a reward from the Dividend pool by only for holding their BFG tokens on their gaming accounts. The reward is defined according to the number of tokens kept.

How does it work?

Every 24 hours, the dividend pool releases 3% of the total profit of the platform on every currency, and the amount is shared among all users who hold BFG tokens. Get profit from all the platform’s funds, regardless of whether you are staking: BFG(TRX) or BFG(BTC)!

https://preview.redd.it/8h2xc6imha551.png?width=1042&format=png&auto=webp&s=bc8a95abeaef451384602a069877b82165fbc862
By placing bets in Bitcoin users get BFG(BTC) subtoken. Stake BFG(BTC) token to get dividends in the amount of:
  • 90% from BTC pool
  • 10% from each of TRX, USDT, BTT pools
By placing bets in Tron, Tether TRC-20, Bittorent (TRX, USDT, BTT) users get BFG(TRX) subtoken. Stake BFG(TRX) token to get dividends in the amount of:
  • 90% from TRX, USDT, BTT pools
  • 10% from BTC poolAll tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX).

Jackpots

Some in-house games have the Jackpot option. Total Jackpots on BetFury are more than 6 000 000 TRX ~ 10 BTC ~ 100 000 USDT. From now on Jackpots pools will be in Bitcoin and when players get the Jackpot - payout will be also in Bitcoin.Check out Jackpot details on the site to know more!

Referral program


https://preview.redd.it/h0o7z4vxha551.png?width=725&format=png&auto=webp&s=84b108c4a6b4a22f8d3ce4137cfcd2a16e172695
Cooperate with BetFury to receive a lifetime reward for inviting new people!Get up to 15% from platform's house edge for all referrals winnings.The reward is charged in the currency of the bet.
15% - from platform's house edge for each referrals winning bets in in-house games
For example: bet 100 x2= 200pure profit = 200 - 100 = 100house edge = 1.99% = 0.0199(profit)(house edge)(referral bonus 15%)= your referral bonus100*(1.99%)*0.15= 0,2985
1.5% - from platform's house edge for each referrals winning bets in slots and table games
For example: bet 1000 x3 = 3000house edge slots = 3,5%(win amount)(house edge)(ref bonus%)= your referral bonus30003.5%1.5%= 30000.0350.015 = 1.5
5% - from all mined BFG tokensIt means that if your referral has mined 100 BFG – you'll receive 5 BFG

Rating and Rank system

VIP Rank system migrates to Bitcoin, which means that to be higher in the VIP system users should make more bets in any currency but every bet will be accumulated into BTC.For example, a bet of 1000 TRX will add +0.00172 to your total Wager and as a result of your Rank progress. The rank bonus will be paid in Bitcoin.

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Note! All the exciting user's ranks and ratings will migrate from TRX to Bitcoin with no data losses (some minor changes may be occurred due to crypto volatility).Read more in the Rank System page.
Auction

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Lots of users love Auction on BetFury and we decided not to remove TRX Auction but add the BTC one.Two different Auctions are now available.Place bids in BFG(BTC) to win BTCPlace bids in BFG(TRX) to win TRX

In-house games

Global redesign and rebranding bring new UI/UX for in-house games. We hope everyone will love new-looking Hi-Lo, Plinko, Circle, Keno, Mines, and Stairs games with some user experience improvements.

Slots, Table games, Live games

BetFury has more than 800 games from the best providers - Spinmatic, Spinomenal, Playson, Booongo, Endorphina, Vivogaming, BetgamesTV, Pragmatic, Habanero, Mr. Slotty, Fugaso, 1x2Network, GameArt. New game providers are coming and from now you will be able to play on any device with even higher performance!

Secret project

Secret project is a unique tool that gives everyone the opportunity to earn even more Bitcoins and it's worth to be implemented separately!The launch is planned in a month after the BetFury 2.0 release.

Summary

We are very excited about your feedback and reactions to the update.The team has been working hard to combine all the existing sets of your favorite advantages in a new manner. BetFury 2.0 is a logical continuation of a great crypto product development story. Once again we would like to highlight that all the changes on BetFury are done for the community and to satisfy the community needs. BetFury team is always in touch to become even better with every next step forward.
Thank you everyone for love, play, and support!
Soon further beyond the moon!
BetFury. You play - We pay! ________________________________________________________________________________________________________ Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io
submitted by BetFury_io to u/BetFury_io [link] [comments]

huge list of google alternatives tutorial for those people who respects their privacy

This guide aims to be the most exhaustive resource available for documenting alternatives to Google products.
With growing concerns over online privacy and securing personal data, more people than ever are considering alternatives to Google products.
After all, Google’s business model essentially revolves around data collection and advertisements, both of which infringe on your privacy. More data means better (targeted) ads and more revenue. The company pulled in over $116 billion in ad revenue last year alone – and that number continues to grow.
But the word is getting out. A growing number of people are seeking alternatives to Google products that respect their privacy and data.
So let’s get started.
Note: The lists below are not necessarily in rank order. Choose the best products and services based on your own unique needs.

Google search alternatives

When it comes to privacy, using Google search is not a good idea. When you use their search engine, Google is recording your IP address, search terms, user agent, and often a unique identifier, which is stored in cookies.
Here are ten alternatives to Google search:
  1. Searx – A privacy-friendly and versatile metasearch engine that’s also open source.
  2. MetaGer – An open source metasearch engine with good features, based in Germany.
  3. SwissCows – A zero-tracking private search engine based in Switzerland, hosted on secure Swiss infrastructure.
  4. Qwant – A private search engine based in France.
  5. DuckDuckGo – A private search engine based in the US.
  6. Mojeek – The only true search engine (rather than metasearch engine) that has its own crawler and index (based in the UK).
  7. YaCy – A decentralized, open source, peer-to-peer search engine.
  8. Givero – Based in Denmark, Givero offers more privacy than Google and combines search with charitable donations.
  9. Ecosia – Ecosia is based in Germany and donates a part of revenues to planting trees.
*Note: With the exception of Mojeek, all of the private search engines above are technically metasearch engines, since they source their results from other search engines, such as Bing and Google.
(Startpage is no longer recommended.)

Gmail alternatives

Gmail may be convenient and popular, but there are three major problems:
  1. Your inbox is used as a data collection tool. (Did you know Google is tracking your purchasing history from the receipts in your inbox?)
  2. Rather than seeing just emails, your email inbox is also used for ads and marketing.
  3. The contents of your inbox are being shared with Google and other random third parties.
When you remain logged in to your Gmail account, Google can easily track your activities online as you browse different websites, which may be hosting Google Analytics or Google ads (Adsense).
Here are ten alternatives to Gmail that do well in terms of privacy:
  1. Tutanota – based in Germany; very secure and private; free accounts up to 1 GB
  2. Mailfence – based in Belgium; lots of features; free accounts up to 500 MB
  3. Posteo – based in Germany; €1/mo with 14 day refund window
  4. StartMail – based in Netherlands; $5.00/mo with 7 day free trial
  5. Runbox – based in Norway; lots of storage and features; $1.66/mo with 30 day free trial
  6. Mailbox.org – based in Germany; €1/mo with 30 day free trial
  7. CounterMail – based in Sweden; $4.00/mo with 7 day free trial
  8. Kolab Now – based in Switzerland; €4.41/mo with 30 day money-back guarantee
  9. ProtonMail – based in Switzerland; free accounts up to 500 MB
  10. Thexyz – based in Canada; $1.95/mo with 30 day refund window

Chrome alternatives

Google Chrome is a popular browser, but it’s also a data collection tool – and many people are taking notice. Just a few days ago, the Washington Post asserted that “Google’s web browser has become spy software,” with 11,000 tracker cookies observed in a single week.
Here are seven alternatives for more privacy:
  1. Firefox browser – Firefox is a very customizable, open-source browser that is popular in privacy circles. There are also many different Firefox modifications and tweaks that will give you more privacy and security. (Also check out Firefox Focus, a privacy-focused version for mobile users.)
  2. Iridium – Based on open source Chromium, Iridium offers numerous privacy and security enhancements over Chrome, source code here.
  3. GNU IceCat – A fork of Firefox from the Free Software Foundation.
  4. Tor browser – A hardened and secured version of Firefox that runs on the Tor network by default. (It also does a good job against browser fingerprinting.)
  5. Ungoogled Chromium – Just as the name says, this is an open source version of Chromium that has been “ungoogled” and modified for more privacy.
  6. Brave – Brave is another Chromium-based browser that is rather popular. It blocks trackers and ads by default (except for “approved” ads that are part of the “Brave Ads” network).
  7. Waterfox – This is a fork of Firefox that is configured for more privacy by default, with Mozilla telemetry stripped out of the code.
Of course, there are other alternatives to Chrome, such as Safari (from Apple), Microsoft Internet ExploreEdge, Opera, and Vivaldi – but these also come with some privacy drawbacks.

Google Drive alternatives

If you’re looking for a secure cloud storage option, you can check out these Google Drive alternatives:
  1. Tresorit – A user-friendly cloud storage option based in Switzerland.
  2. ownCloud – An open source and self-hosted cloud platform developed in Germany.
  3. Nextcloud – Nextcloud is also an open source, self-hosted file sharing and collaboration platform, based in Germany.
  4. Sync – Based in Canada, Sync offers a secure, encrypted cloud storage solution for businesses and individuals.
  5. Syncthing – Here we have a decentralized, open source, peer-to-peer cloud storage platform.
Of course, Dropbox is another popular Google drive alternative, but it’s not the best in terms of privacy.

Google Calendar alternative

Here are some Google Calendar alternatives:
  1. Lightning Calendar is an open source calendar option developed by Mozilla, and it’s compatible with Thunderbird and Seamonkey.
  2. Etar, an open source, basic calendar option.
  3. Fruux, an open source calendar with good features and support for many operating systems.
For those wanting a combined solution for both email and calendar functionality, these providers offer that:

Google Docs / Sheets / Slides alternative

There are many solid Google Docs alternatives available. The largest offline document editing suite is, of course, Microsoft Office. As most people know, however, Microsoft is not the best company for privacy. Nonetheless, there are a few other good Google Docs alternatives:
  1. CryptPad – CryptPad is a privacy-focused alternative with strong encryption, and it’s free.
  2. Etherpad – A self-hosted collaborative online editor that’s also open source.
  3. Mailfence Documents – From the Mailfence team, this is a secure file sharing, storage, and collaboration tool.
  4. Zoho Docs – This is another good Google Docs alternative with a clean interface and good functionality, although it may not be the best for privacy.
  5. OnlyOffice – OnlyOffice feels a bit more restricted than some of the other options in terms of features.
  6. Cryptee – This is a privacy-focused platform for photo and document storage and editing. It’s open source and based in Estonia.
  7. LibreOffice (offline) – You can use LibreOffice which is free and open source.
  8. Apache OpenOffice (offline) – Another good open source office suite.

Google Photos alternative

Here are a few good Google Photos alternatives:
Shoebox was another alternative, but it closed operations in June 2019.

YouTube alternatives

Unfortunately, YouTube alternatives can really be hit or miss, with most struggling to gain popularity.
  1. Peertube
  2. DTube
  3. Bitchute
  4. invidio.us
  5. Vimeo
  6. Bit.tube
  7. Dailymotion
  8. Hooktube
Tip: Invidio.us is a great Youtube proxy that allows you to watch any Youtube video without logging in, even if the video is somehow restricted. To do this, simply replace [www.youtube.com] with [invidio.us] in the URL you want to view.

Google translate alternative

Here are a few Google translate alternatives I have come across:
  1. DeepL – DeepL is a solid Google Translate alternative that seems to give great results. Like Google Translate, DeepL allows you to post up to 5,000 characters at a time (but the pro version is unlimited). The user interface is good and there is also a built-in dictionary feature.
  2. Linguee – Linguee does not allow you to post large blocks of text like DeepL. However, Linguee will give you very accurate translations for single words or phrases, along with context examples.
  3. dict.cc – This Google Translate alternative seems to do a decent job on single-world lookups, but it also feels a bit outdated.
  4. Swisscows Translate – A good translation service supporting many languages.
If you want to translate blocks of text, check out DeepL. If you want in-depth translations for single words or phrases, then Linguee is a good choice.

Google analytics alternative

For website admins, there are many reasons to use an alternative to Google analytics. Aside from privacy concerns, there are also faster and more user-friendly alternatives that also respect your visitors’ privacy.
  1. Clicky is a great alternative to Google Analytics that truncates and anonymizes visitor IP addresses by default. It is lightweight, user-friendly, and fully compliant with GDPR regulations, while also being certified by Privacy Shield.
  2. Matomo (formerly Piwik) is an open-source analytics platform that respects the privacy of visitors by anonymizing and truncating visitor IP addresses (if enabled by the website admin). It is also certified to respect user privacy.
  3. Fathom Analytics is an open source alternative to Google Analytics that’s available on Github here. It’s minimal, fast, and lightweight.
  4. Get Insights – Another privacy-focused analytics platform, with a full analytics suite. The front-end client is open source and available here.
  5. AT Internet is a France-based analytics provider that is fully GDPR compliant, with all data stored on French servers, and a good track record going back to 1996.
Many websites host Google Analytics because they run Google Adsense campaigns. Without Google Analytics, tracking performance of these campaigns would be difficult. Nonetheless, there are still better options for privacy.

Google Maps alternative

A map alternative for PCs is OpenStreetMap.
A few Google Maps alternatives for mobile devices include:
  1. OsmAnd is a free and open-source mobile maps app for both Android and iOS (based on OpenStreetMap data).
  2. Maps (F Droid) uses OpenStreetMap data (offline).
  3. Maps.Me is another option that is free on both Android and iOS, but there is a fair amount of data collection with this alternative, as explained in their privacy policy.
  4. MapHub is also based on OpenStreeMap data and it does not collect locations or user IP addresses.
Note: Waze is not an “alternative” as it is now owned by Google.

Google Play Store alternative

Currently the best Google Play Store alternative is to use F-Droid and then go through the Yalp store. As explained on the official site, F-Droid is an installable catalog of FOSS (Free and Open Source Software) applications for the Android platform.
After you have installed F-Droid, you can then download the Yalp store APK, which allows you to download apps from the Google Play Store directly as APK files.
📷The Yalp Store is a good alternative to the Google Play Store.
See the F-Droid website or the official GitHub page for more info. Other alternatives to the Google Play Store include:

Google Chrome OS alternative

Want to ditch the Chromebook and Chrome OS? Here are a few alternatives:
  1. Linux – Of course, Linux is arguably the best alternative, being a free, open-source operating system with lots of different flavors. With some adjustments, Linux Ubuntu can be run on Chromebooks.
  2. Tails – Tails is a free, privacy-focused operating system based on Linux that routes all traffic through the Tor network.
  3. QubesOS – Recommended by Snowden, free, and also open source.
Of course, the other two big operating system alternatives are Windows and Apple’s operating system for MacBooks – Mac OS. Windows, particularly Windows 10, is a very bad option for privacy. While slightly better, Apple also collects user data and has partnered with the NSA) for surveillance.

Android alternatives

The biggest alternative to Android is iOS from Apple. But we’ll skip over that for reasons already mentioned. Here are a few Android OS alternatives:
  1. LineageOS – A free and open-source operating system for phones and tablets based on Android.
  2. Ubuntu Touch – A mobile version of the Ubuntu operating system.
  3. Plasma Mobile – An open source, Linux-based operating system with active development.
  4. Sailfish OS – Another open source, Linux-based mobile OS.
  5. Replicant – A fully free Android distribution with an emphasis on freedom, privacy, and security.
  6. /e/ – This is another open source project with a focus on privacy and security.
Purism is also working on a privacy-focused mobile phone called the Librem 5. It is in production, but not yet available (estimated Q3 2019).

Google Hangouts alternatives

Here are some alternatives to Google Hangouts:
  1. Wire – A great all-around secure messenger, video, and chat app, but somewhat limited on the number of people who can chat together in a group conversation via voice or video.
  2. Signal – A good secure messenger platform from Open Whisper Systems.
  3. Telegram – A longtime secure messenger app, formerly based in Russia, now in Dubai.
  4. Riot – A privacy-focused encrypted chat service that is also open source.

Google Domains alternative

Google Domains is a domain registration service. Here are a few alternatives:
  1. Namecheap – I like Namecheap because all domain purchases now come with free WhoisGuard protection for life, which protects your contact information from third parties. Namecheap also accepts Bitcoin and offers domain registration, hosting, email, SSL certs, and a variety of other products.
  2. Njalla – Njalla is a privacy-focused domain registration service based in Nevis. They offer hosting options, too, and also accept cryptocurrency payments.
  3. OrangeWebsite – OrangeWebsite offers anonymous domain registration services and also accepts cryptocurrency payments, based in Iceland.

Other Google alternatives

Here more alternatives for various Google products:
Google forms alternativeJotForm is a free online form builder.
Google Keep alternative – Below are a few different Google Keep alternatives:
Google Fonts alternative – Many websites load Google fonts through Google APIs, but that’s not necessary. One alternative to this is to use Font Squirrel, which has a large selection of both Google and non-Google fonts which are free to download and use.
Google Voice alternativeJMP.chat (both free and paid)
G Suite alternativeZoho is probably the best option
Google Firebase alternativeKuzzle (free and open source)
Google Blogger alternativesWordPress, Medium, and Ghost are all good options.
submitted by giganticcobra to Huawei [link] [comments]

Survivors of market disasters: In this disaster, some people actually made money

There is no need to repeat the tragic market. Various historical figures are present, and they all reveal a signal: this disaster is like an earthquake with no warning signs. The victims are everywhere, and the survival is a fluke.
But in this disaster, there are still people who make money.
If you still have the impression, on August 23 of last year, there was a problem with Amazon AWS 'server in Japan, which caused the products using the region's services to be affected to varying degrees, including the cryptocurrency trading platform. After discovering a problem with Binance using AWS, the user's deposit and withdrawal were suspended, but the trading platform using the Binance Quotation API failed to take timely measures, resulting in loopholes in market makers' strategies.
That day, while Bitcoin was still steadily maintained at 10,000 USD, some users bought Bitcoin at a unit price of 0.32 USD, and when there was almost no fluctuation in the market, they used the mistake of the server to add western food for the night. A bottle of champagne.
In this disaster after 5 months, some people still use the environment to find a way to survive.
Ethereum 0 dollar purchase?
A $ 0 purchase of Ethereum happened on March 13. The market plummeted, many mortgagors' positions were exploded, and ETH fell from $ 180 to less than $ 100 without resistance. The decentralized Defi market that depends on the value of ETH is naturally not immune, such as the MakerDAO platform. MakerDAO's borrowing logic is that users over-collateralize ETH to lend USD stablecoin DAI, but when the value of ETH fell rapidly, a large number of loans fell below the threshold and the system had to be liquidated. In other words, the user's loan was not repaid. Mortgage of ETH is also not available.
So MakerDAO has a bad debt, the amount exceeds USD 4 million. In order to repay this bad debt, MakerDAO chooses to auction the collateral, that is, ETH, BAT, etc., and uses the stable currency DAI to bid. They need to use the auction proceeds to obtain repay loan.
Under normal circumstances, such auctions are not too accidental. The feeding system reports the current price of ETH, and the bidders will probably trade at a price slightly lower than the market price.
However, the background of this auction is the market's plunge. The transaction caused investors to intensive operations, which blocked the Ethereum network. It takes far more than usual gas fees to allow the miners to confirm the transfer as soon as possible.
According to the browser, on the morning of the 13th, if only 44 gwei is used, the transfer confirmation time on the Ethereum network will take 72958 seconds, which is 20 hours.
The MakerDAO debt auction on the Ethereum network has also been affected. The blockage of the network has prevented bidders with low gas costs from bidding in time, which caused participants to bid 0 DAI / ETH to drop the hammer.
It can also be seen from the transaction records that the auction of 0 DAI was indeed successful. These lucky bidders only paid a transfer fee of US $ 1 and transferred 0 amount to obtain an ETH worth US $ 122 at the time.
These people are undoubtedly fortunate. The external environment helped them to become the only game participants. The exchange of $ 1 for $ 120 and a profit of 11900% was much higher than the odds of players who risked bottom-swinging in fluctuations.
However, from another perspective, MakerDAO's auction is to use the DAI obtained from the auction to pay off debts. However, due to network congestion, this situation has caused several free gifts, and MakerDAO's debt repayment is even worse.
Pick up goods by luck
If it is said that MakerDAO launches the auction, it is a helpless action of the team under extreme conditions. Bidders still need a bit of technical barriers to participate, but there is nothing to worry about, and there is almost no difficulty and cost.
On the evening of March 12, investors discovered that the LINK / USDT trading pair of the Binance trading platform experienced a short-term flash collapse and once fell to the bottom 0.0001 USD. What's going on?
Twitter netizens then asked Zhao Changpeng about the matter, and the latter's response was a shock. It turned out that someone had already launched the LINK trading pair as early as Binance, that is, on January 16 last year, a low was hung within 8 seconds after the real-time trading was opened. Price list, but it has not been closed because no fool will sell it at this price.
Unexpectedly, more than a year later, this pending order was sold "strangely". "At that time we had no price range restrictions. We will not cancel user orders." Zhao Changpeng said that the platform will not deny this order because the operation is completely reasonable.
It will not be rolled back for various reasons. In other words, even if LINK has experienced a large decline recently, at the current price of 2.3 US dollars, the profit of this transaction will exceed 2 million US dollars. US dollars, then he instantly won nearly 5 million US dollars.
The cost of 100 dollars, the income of 2.4 million dollars, a real profit.
In fact, similar examples of this kind of luck are not rare in the crypto industry. Except for Binance and the previous examples, BitMex and OKEx have also experienced similar situations, and more than once.
For example, on December 6, 2017, Binance's XRP / BTC trading pair experienced a breakdown of the list. In a very short period of time, the XRP price was oversold to 0.0000002 BTC, which is basically negligible. On January 29, 2018, the price of the ADA contract on BitMEX also fell to 0.00000005 US dollars, which was also nearly 0; another trading platform, OKEx, also saw a large amount of 0.002 USD on January 14, 2018. Case, according to the official statement at that time, "a certain trader" quickly sold a large amount of ETH through market orders within 12 minutes. Interestingly, at the time, some people analyzed that "a certain trader" was actually an official market-making robot, and "a large amount" of 100 million Ethereum was eventually sold for 20 dollars.
However, for ordinary people, if you want to encounter this kind of opportunity for leak detection, unless you are bored and place an order in advance, such a price is fleeting, and you ca n’t seize the opportunity simply by hand speed. In fact, at present, many trading platforms have actually adopted corresponding price amplitude filters, which specify the maximum / minimum price range of pending order prices. Oolong trading is very rare. Even if luck hits and catches up, it is very likely that the platform will intervene and the transaction will be rolled back. This situation has not happened before.
Only this time, the trader who had placed an order on Binance for more than a year, even if he successfully leaked and successfully withdrew the coin, it can only be said that he hit the Grand Canal.
Safe moving of bricks
Buying a certain kind of token on a crypto trading platform, and then selling the token to another trading platform, earning the price difference is a moving brick in the crypto circle. Moving bricks has been an arbitrage behavior since the birth of the transaction. It belongs to a very old business. Arthur, the founder of BitMex, who now operates a trading platform, and Xu Mingxing of OKEx, were once members of the army of moving bricks. . This kind of brick moving was the most prosperous at the end of 2017. At that time, trading platforms such as Bithumb in South Korea also called the "Kimchi premium" due to the price difference between other platforms. Moving bricks is a kind of risk-free arbitrage. Players use energy to gain profits, although the single profit is not much. However, with the maturity of trading robots and quantitative trading teams, the spread of tokens between multiple regions or platforms is often wiped out in a matter of seconds. Therefore, the profit margin of manually moving bricks is now very small.
Of course, it is not to say that there is no opportunity. Such an opportunity to make money is indeed hidden under the volatile market.
"Buy at a low price and sell at a high price, this is simply the most secure way to make money in a plunging market!" Investors are excited about cryptography. Starting at 6:30 pm on March 12, cryptocurrencies have experienced sharp fluctuations, while Binance and Huobi When the bitcoin spread between the three trading platforms and OKEx was the largest, it even reached more than 700 US dollars. The discerning player quickly discovered the opportunity, "For half an hour, I made more than 10,000 with a principal of 20,000 yuan. Such an opportunity is usually not available."
Buy and sell orders executed by the above investors at almost the same time, with a spread of nearly $ 450
When it comes to moving bricks, time is money. It is definitely too late to shuttle between multiple trading platforms. Many investors have now transferred the "battlefield" to the platform that focuses on aggregated trading. "The aggregated trading platform integrates the depth of multiple platforms. As long as there is a price difference between supported platforms, users only use One account can be bought and sold on multiple platforms, and it can be operated in a few seconds. "Wu Ling, who seized the opportunity from the extreme market in these two days, made nearly 50,000 by moving bricks in just a few hours. Yuan, the principal is no more than tens of thousands of yuan.
It is understood that there are already multiple platforms targeting the aggregate trading business on the market, and the opportunity to move bricks does not often appear, unless similar to the extreme market appearing in the past few days, or some unique tokens, there may be soaring and plunging. Opportunities, as a whole, are not met a few times a year, and they are fleeting.
However, whether it is MakerDAO auctions, ultra-low-priced pending order transactions, or arbitrage moving bricks under the new situation, these opportunities to make money are actually small probability and cannot be used as conventional investment methods.
These seemingly easy profits are in the end a few people. Many people are trapped in extreme quotes in stuns. Most investors have no assets left on the trading platform overnight.
Maybe this also makes many investors lose confidence in the industry, but in fact, in the face of such a market, after finishing our mood, we are more learning from changes.
Learn the reasons for this disaster, learn the logic of the main control panel, learn what signals were ignored before the disaster, and prepare for the next time. At the same time, we can also see the development of the industry. For example, when all centralized trading platforms are down, DEX can still be implemented despite various problems.
I hope that everyone still has confidence in the blockchain and cryptocurrency industries. Finally, I would like to remind everyone that the recent market changes are unpredictable. Please pay attention to risks and exercise caution.
submitted by FmzQuant to u/FmzQuant [link] [comments]

Establishing a smart contract commercial scenario: Chainlink, Zk-Snarks and sharding technology work together to make the ultimate killer

This text was translated from Chinese, open following link in Chrome and translate to see all images:
https://bihu.com/article/1242138347
EDIT: found an English text with pictures:
https://medium.com/@rogerfeng/making-smart-contracts-work-for-business-how-chainlink-zk-snarks-sharding-finally-delivered-8f268af75ca2
Author: Feng Jie translation: Liu Sha
“The highest state of technology is to integrate into the various scenes of everyday life, to fade away from high-tech outerwear and become a part of everyday life.” – Mark Weiser
People in the future will not even think that smart contracts are "innovative." By that time, smart contracts would permeate every aspect of life, and people couldn't even imagine what the era of non-digital currency would look like.
Later historians may divide human business history into two eras, the pre-smart contract era and the post-smart contract era. After all, digital money has brought unprecedented changes to the nature and patterns of business practices in the real world. An anonymous member of the Chainlink community once said: "Smart contracts can change the DNA of the business."
Of course, like all the technological revolutions of the past, smart contracts also need to reach a "tipping point" to truly achieve large-scale applications. So we need to ask ourselves two questions:
  1. What exactly is this so-called tipping point?
  2. As of August 2019, have we reached this tipping point?
To reach the tipping point means unlocking the ultimate nirvana of business.
Tipping point We can think about this issue from the perspective of mainstream companies. Imagine what a perfect smart contract platform should look like. What characteristics should this platform have? Or what features must be possessed?
To reach the tipping point, you must establish a public chain with the following four characteristics:
  1. Privacy protection
  2. In addition to the cryptocurrency, the transaction can also be settled in mainstream legal currency and comply with the regulatory requirements of financial markets such as ISO 20022.
  3. Achieve scalability without sacrificing decentralization or security, that is, solving the "impossible triangle problem."
  4. Connect the external data under the chain, that is, solve the "prophecy problem."
Now that we have Chainlink, zk-snarks and sharding technology, we have reached this tipping point.
Next, let's explore how this ultimate nirvana is actually made. Our discussion will be mainly from the perspective of Ethereum, which is still the top smart contract platform for community size and mainstream applications.
So what about the private chain?
Before delving into it, I want to take the time to solve an unavoidable problem. The mainstream view has always believed that the private chain is a more suitable solution for the enterprise. Therefore, we first dialectically analyze the two advantages and two major drawbacks of the private chain.
Disadvantages
  1. Centralization leads to relatively lower security
It's not surprising that IBM and Maersk's blockchain freight alliances have a hard time finding customers who are willing to join. How can other freight companies be willing to let their biggest competitors (Maersk) verify their trading data? Only madmen dare to do this.
  1. The staking of the horses occupy the hills:
This problem is even more serious than centralization. John Wolpert, co-founder of the IBM blockchain, wrote an excellent article called Breaking the Barriers to Realize Security: Why Companies Should Embrace the Ethereum Public Chain, which he covered in detail in the article.
If every company builds its own private chain, it will lead to chaos in the mountains. Today's B2B ecosystem is very complex. Imagine the innumerable private chains of the world intertwined to form a huge "spider web." This is not only cost-effective, but also not scalable.
The starting point of the blockchain is to break down barriers instead of building more barriers.
"One day, one of your big buyers called you to ask if you want to join their private chain. You promised. The next day you received a call from the wholesaler to ask you the same question. Then came the supplier, freight. Business, insurance company or even bank, and each company may have several private chains! Finally you have to invest a lot of time and cost to operate dozens of blockchains every day . If there are partners to let you join them at this time The private chain, you might say "Forget it, or fax me the order!" ”—Paul Brody (Ernst & Young)
“Every time you connect two private chains through a system integrator, you have to pay a lot of money .”
Advantage
  1. Scalability: With the Ethereum public chain implementing fragmentation technology, this advantage is rapidly shrinking.
  2. Privacy protection: At this stage, the classification of public chain / private chain is actually not very accurate. The Aztec , Zether, and Nightfall protocols (both based on the zk-snarks protocol) effectively provide a "private chain model" for the Ethereum public chain, allowing it to switch between the public and private chains. Therefore, a more accurate classification should be the alliance chain and the public chain.
By 2020, the label of the public chain/private chain will gradually disappear. The public and private chains will no longer be two opposing concepts. Instead, the concept of publicly traded/private transactions and confidential contracts/open contracts is changed, and the scope of these transactions and contracts varies according to specific needs, either bilaterally or multilaterally or even publicly.
All in all, the private chain has two major drawbacks compared to the public chain. Not only that, but the two major advantages of the private chain are also rapidly disappearing.
“Technology will evolve over time, so there will be a variety of solutions to solve existing problems. Ultimately, the public-chain platform will have the same performance, scalability and data privacy as the private chain, while at the same time ensuring security and Decentralized."
Feature 1: Privacy protection (predictive machine and public chain privacy)
Enigma founder Guy Zyskind once joked in his MIT graduation thesis that smart contracts can only become commercially valuable if they become "confidential contracts." He later proposed that zk-snarks and Trusted Execution Environment (TEE) are the most promising solutions. He said nothing wrong.
What is zk-snarks ? Zk-snarks is a zero-knowledge proof mechanism (ZPK). So what is the zero-knowledge proof mechanism? In short: a zero-knowledge proof mechanism allows you to prove that you own certain information without revealing the content of the information.
Vitalik Buterin explained this concept in detail from a technical point of view in an article published in 2017. Hackernoon also wrote an excellent article explaining the concept in an easy-to-understand way with the example of a five-year-old child and Halloween candy.
What is the trusted execution environment? The trusted execution environment lets the code run on closed hardware, and
1 ) The guarantee result cannot be tampered with
2 ) Protecting absolute privacy, even hardware running code can't get confidential information.
The most well-known trusted execution environment is Intel SGX. Chainlink has established a partnership with Intel SGX after acquiring Tom Crier.
Ernst & Young released the Nightfall agreement on Github on May 31, 2019. A well-known accounting firm with a history of 100 years will choose to add privacy features to the public chain instead of developing a private chain. This is a problem.
Since then, the community has been actively developing on this basis, not only to improve the code, but also to develop a plug-and-play Truffle Box for those who are not good at writing code. Blockchain communities and businesses generally rarely collaborate, so these collaborations fully demonstrate the popularity of Nightfall.
Prior to this, two zk-snark-based Ethereum public chain privacy protocols were introduced, namely AZTEC (Consensys) and Zether (Stanford, JPMorgan Chase). An obvious trend is slowly taking shape.
In the field of oracles, Chainlink uses both zero-knowledge proof and a trusted execution environment to complement each other. Trusted execution environments guarantee data privacy, even for nodes that cannot access data (this feature is critical for bank accounts and API keys).
Chainlink is still trying to implement a trusted execution environment, and nodes can access data temporarily, so authentication services are also needed. Although the credible execution environment is almost 100% foolproof, in theory, a strong shield has a spear that can penetrate it. Therefore, the team is currently trying to run zk-snarks in a trusted execution environment (Thomas Hodges mentioned this in the 2019 Trufflecon Q&A session). The combination of the two can form a very robust and complete system. The attacker must find a way to strip all the layers of an onion at the same time to make any effective attack (and it is already difficult to peel off a layer of skin).
“Chainlink combines a trusted execution environment with zero-knowledge proof to build what we call a defense-in-depth system, which means they provide all the tools needed for smart contract developers, including trusted execution environments, multiple nodes, and Data sources, fine margins, reputation systems, asymmetric encryption, zero-knowledge proofs, WASM, and OTP+RNG, these features allow smart contract developers to adjust the confidentiality and cost of contracts based on specific budget and security needs. Machine, Chainlink and its four major application scenarios》
In the future, zk-snarks may be upgraded to zk-starks (a fully transparent zero-knowledge proof mechanism) that protects the system from quantum computer attacks. And the best thing about zk-starks is that it's more scalable than zk-snarks. In other words, it can better protect privacy, and the cost of gas will not increase.
If you want to learn more about zk-starks, you can read a popular science article written by Adam Luciano.
Feature 2: Scalability (scalability of predictive machines and public chains) To understand this problem, we can make an analogy like this:
A public chain is like a large enterprise, and every employee (ie, a node) must attend each meeting (ie, confirm each transaction). Imagine how inefficient this company is! Only customers who have a lot of money (ie gas fees) can get their requests to the forefront. And this is not the most serious problem. The most serious problem is that the more employees (ie nodes) who join the company, the harder it is for the company to function properly! In the end, the company not only failed to expand linearly, but also became smaller and smaller. Although this guarantees decentralization and security to the greatest extent, the price is completely abandoning scalability.
There are various temporary fire fighting solutions, but no one solution can completely solve this "impossible triangle problem." For example, EOS uses the DPOS mechanism (share authorization certification mechanism), where only 21 super nodes (many of which are well-known nodes) are responsible for verifying all transactions.
Sidechains (such as Bitcoin's Lightning Network and Ethereum's lightning network) guarantee scalability and decentralization at the expense of security.
So how to use the fragmentation technology to solve this problem? Let's make another analogy:
In reality, there is only one company that is not too much to ask everyone to attend all meetings, that is, small start-ups (that is, private chains that limit the number of nodes).
In most cases, large companies divide employees into thousands of teams (ie, shards), and each team's principal (ie, the certifier) ​​is responsible for reporting to the senior management (ie, the main chain). If people from different teams need to collaborate (and sometimes also), then they can collaborate by cross-shard receipts. If a new employee joins the company, the team can be re-segmented (ie re-sharding). This allows for linear expansion.
In fact, the process of developing a start-up to a large enterprise is surprisingly similar to the process of Ethereum 1.0 developing into Ethereum 2.0.
“The Ethereum 1.0 period is that several people who are alone are trying to build a world computer; and Ethereum 2.0 will really develop into a world computer.” Vitalik Buterin said in the first piece of the workshop.
Since Ethereum was not originally built on the principle of fragmentation, it takes seven steps to achieve the goal (this is a bit like the word morphing solitaire game). The first step is planned for January 3, 2020.
At the same time, developers can use many other blockchain platforms designed based on the fragmentation principle. Some platforms, including Zilliqa and Quarkchain, are already compatible with Chainlink.
If you want to see more in-depth technical analysis of shards, check out an article by Ramy Zhang.
In the field of oracles, Chainlink has the following two characteristics:
1 ) Use Schnorr threshold signatures to quickly reach consensus in a cost-effective manner. The next version of the chain only needs 16,000 gas.
2 ) We have previously discussed the need to use trusted execution environment hardware to ensure that nodes cannot access sensitive data. Since you have hardware in your hand, you can use it to do some actual computing work, so that you can properly reduce the amount of computation on the smart contract platform.
"With the SGX system (Town Crier) and zero-knowledge proof technology, the oracle can be truly reliable and confidential, so the boundaries between the oracle and the smart contract are beginning to flow... Our long-term strategy... is to let The predictor becomes the key chain of computing resources used by most smart contracts. We believe that the way to achieve this goal is to perform chain operations in the oracle to meet various computing needs, and then send the results to the smart contract."Chainlink White Paper, Section 6.3 (26 pages)
Of course, this “long-term strategy” has certain risks, unless Chainlink can implement a trusted execution environment and its service provider ecosystem can achieve a qualitative leap. However, the Chainlink team's vision is absolutely forward-looking: under-chain computing is a key factor in ensuring that blockchains are not dragged down by large amounts of IoT data.
The Internet of Things has dramatically increased the current state of big data. At present, most of the data is still generated on the software side, and it is not real-time data, and most of the data in the future will be real-time data generated on the sensor side. One of the big drawbacks of real-time data is that it increases storage pressure. For example, Coughlin Associates expects an unmanned car to generate 1G of data per second. This means that the same car will produce 3.6T data per hour!
The only viable solution is to do real-time analysis of the data, rather than storing the data first. In the Global Cloud Index: 2016-2021 Forecast and Methodology White Paper, Cisco predicts that more than 90% of data in 2021 will be analyzed in real time without storage.
That is to say, the essence of data is that it can only exist in just one instant. The nature of the blockchain is not to be modified, so the two are as incompatible as water and oil.
The solution is to analyze the raw data under the chain, extract the meaningful results and send them to the blockchain. The combination of fragmentation technology and trusted execution environment forms a new computing architecture, similar to the cloud computing-fog computing-edge computing architecture.
It should be noted here that it is good to improve computing power, but this is not the main purpose of the blockchain.
The fundamental purpose of the blockchain is not to reduce the original cost of computing and data storage. After all, technology giants such as Amazon, Microsoft, Google, Salesforce, Tencent, Alibaba, and Dropbox have built world-class cloud services. The centralized server wins high computational efficiency (but the blockchain will greatly improve the computational efficiency through fragmentation technology, and will catch up with it one day). The value of the blockchain is to reduce the cost of building trust. Nick Szabo calls it "social scalability" (this is a relative concept to the "operational" scalability we have been talking about). Vitalik Buterin also made it clear that the meaning of smart contracts is to accept small arithmetic delay penalties in exchange for a substantial reduction in "social costs."
Alex Coventry of the Chainlink team once raised the question: "We have missed many opportunities for cooperation and reciprocity because we can't confirm whether the other party will fulfill the promise?"
Is there any potential for data storage projects like Siacoin and IPFS? What about decentralized computing projects like SONM and Golem?
Siacoin 's core value proposition is not that its computing efficiency is higher than traditional cloud services. The cost of computing is required to split, repeat, and reassemble data. And companies are more capable of buying the latest and greatest hardware than individuals. Siacoin's core value proposition is to process data in an Airbnb-like mode, so management fees will be lower than traditional models. It also generates additional social value, such as flood control, privacy and security, and anti-censorship.
The same is true of Golem and SONM. Even with the most efficient protocol, it is inevitable that a small amount of delay will be imposed and fined to coordinate the hardware of different geographical locations. Therefore, under the condition that all other conditions are equal, the centralized hardware still has the advantage of faster computing speed. However, the core value proposition of the above project is to use the Airbnb-like model to reduce management costs.
We must strictly distinguish between "social scalability" and "operational scalability", and the two cannot be confused. I will explain these two concepts in detail when I discuss "Magic Bus and Lightweight Library" later.
Feature 3: Compatible with legal currency
Most mainstream companies do not regard cryptocurrencies as "real currencies." In addition, even if someone wants to use cryptocurrency for trading, it is very difficult to actually operate because of its high price volatility. I discussed the “price volatility problem” in detail in Chapters 8 and 9 of the previous article. These problems do not completely erase the existence value of cryptocurrencies, because cryptocurrencies also have many advantages that legal currency does not have. I am just emphasizing what we need to know more about the comfort zone of mainstream companies.
Chainlink acts as a universal API connector that triggers open banking payments. Chainlink is fully compliant with ISO 20022 and has established a long-term partnership with SWIFT (it is worth mentioning that SWIFT has not been updated for a long time and hopes to be updated after the SIBOS 2019 conference).
PSD2 will take effect on September 14, 2019. All banks in the EU will all comply with this new regulation by then. In other words, the bank must put all account data in the "front end" and can be called through the API. The approved third party (ie, the Chainlink node) can trigger the payment directly without the payment service provider.
Although the United States and Japan have not adopted similar laws, many banks still spontaneously promote the development of open banks. Banks open APIs to third-party developers to create new revenue streams and customer experiences that ultimately increase profitability. In addition, this will allow banks to better respond to competitors in the mobile payment and financial technology sectors in an APP-centric economic model.
As this open banking revolution continues, Chainlink will connect smart contracts with the world's major currencies (US dollar, euro, yen, etc.).
Only one external adapter is required to connect to the authenticated API. From a programming perspective, it is relatively simple to allow everyone in the community to contribute code to the code base (and thus achieve scalability). Chainlink has released adapters for PayPal and Mister Tango (European version of PayPal).
Feature 4: Data connection with the chain
Chainlink has been working on solving the "prophecy problem" and successfully succeeded on the main online line on May 30, 2019.
Chainlink has made many achievements in just a few months. Provable (formerly Oraclize) was successfully used on the Chainlink node and finally settled the debate about whether the predictor should be centralized or decentralized.
Synthetic Ether lost 37 million Ethercoins in a hack because it did not connect to Chainlink. Fortunately, the money was finally recovered and did not cause any loss. This lesson illustrates the importance of decentralized oracles.
In addition, both Oracle and Google have partnered with Chainlink to monetize their API data and create a virtuous circle to capture the market opportunities that Facebook missed.
There are new nodes coming online every week, and the network activity has been very high. The Chainlink team maintains a list of certified nodes in the documentation and Twitter releases. Twitter user CryptoSponge also set up a new development for the Tableau push update Chainlink team:
Regarding the importance of the current stage in the history of blockchain development, Brad Huston summed it up very brilliantly:
"The biggest problem with cryptocurrencies is to build bridges between cryptocurrencies, fiat currencies and big data. Chainlink is very beautifully narrowing the distance between the three. Now it can even be said: 'The bridge has been built.'"
Magic bus and lightweight library
Let's summarize what we discussed earlier. The real purpose of the blockchain is to reduce the cost of building trust and achieve "social scalability."
Therefore, according to this logic, the main application scenarios of platforms such as Ethereum 2.0 and Zilliqa should be in the B2B field. I quote a sentence I wrote in a previous article:
“My conclusion is: If the smart contract is successful, it will also succeed in the B2B field first.”
The private chain itself is self-contradictory and destined to fail. It has led to the phenomenon of occupying the hills, thus increasing the social cost, which is in opposition to B2B itself, and ultimately it is self-restraint. ”
Before the emergence of fragmentation technology, even simple games (ie, etheric cats) could not be smoothly run on the public chain, let alone dealing with complex B2B contracts and even changing commercial DNA. With the sharding technology, everything is ready.
Despite this, we can't use Ethereum 2.0 as an all-powerful platform. Just now we said that although it is a good thing to speed up the calculation, this is not the real purpose of Ethereum 2.0. And before we also said that due to the irreversible modification of the blockchain, it is not good to deal with a large number of fleeting real-time data of the Internet of Things. In other words, we must be soberly aware that Ethereum 2.0 will not replace traditional web 2.0. Instead, we should make better use of the real advantages of Ethereum 2.0:
“There is a new concept now, that is to think of the Ethereum main network as a global bus... We use the Ethereum 2.0 main network to treat various business resources as a working group on Slack: it can be easily built and integrated. And restructuring. The SAP inventory management system in your company, the dealer's JD Edwards ERP system, and the financial technology partner's tall blockchain system can seamlessly interface, eliminating the need to develop an infrastructure specifically for each partner." - John Wolper describes his ideal "magic bus"
Ethereum 2.0 should be an integration center, not a data center or computing center. It should be a library built specifically to store B2B contract terms (to be honest, even with fragmentation technology, the amount of data is large enough).
We should not expect Ethereum 2.0 to be an all-powerful platform, but rather develop it into a "lightweight library."
If we reorder the pyramid model just now, the architecture of the magic bus is obvious:
Of course, the positional relationship in the above model is not static. With the development of 5G technology, edge computing and IoT sensors, they may bypass the cloud to directly interact (or even bypass the fog end). If the collaboration between Iotex and Chainlink is successful, then the edge can interact directly with the trusted execution environment.
Time will tell if Airbnb's shared data storage and computing model can make management costs lower than the current mainstream Web 2.0 model. Time will also prove whether the market really needs anti-censorship, anti-tampering, security protection and privacy protection. Do users really care about these social values ​​and are willing to pay for them? Do they think these are just the icing on the cake or the most fundamental value?
in conclusion
Whether it is the battle between web2.0 and web3.0 or the battle between cryptocurrency and legal currency, one thing is beyond doubt:
We have reached the tipping point, and the era of smart contracts with commercial value has arrived.
In fact, the only problem at the moment is the time issue, and the main roadblocks have been basically cleared.
  1. When will Ethereum 2.0 finish these 7 stages and be officially released?
  2. When will Chainlink use a trusted execution environment on a large scale? If the cooperation between Intel SGX and Town Crier fails, what alternative plans are there? Will Chainlink communicate with other blockchain teams that plan to use a trusted execution environment (such as Dawn Song's Oasis Labs)?
At present, the main technical problems in the ecosystem have been solved, and now it is only necessary to recruit a group of enthusiastic developers to do the work of “connecting the line”.
Digital currency has changed commercial DNA, and the future is full of possibilities.
The only thing that hinders us now is our own imagination. The future is infinitely imaginative, and the future will be the world of developers. Dapps is already overwhelming. There is no doubt that we have found the ultimate nirvana.
This text was translated from Chinese, open following in Chrome and translate to see all images:
https://bihu.com/article/1242138347
submitted by QuantLink to LINKTrader [link] [comments]

My response to recent concerns

Hey all,
I’ve spent some time during my flight back home to discuss in detail the experience in Singapore, what talked about, things the mods and team are working on, improvements that can be made and some other things too. This post has also had input from the other moderators too.
I don’t think any of the mods were massively pleased with the outcome of how we portrayed our time in Singapore during the last update and it certainly didn’t put across all the fantastic things we learnt or discussed while we were there. There was a quick turnaround with the update and with some of us were travelling and heading to other countries for various reasons it wasn’t ideal – anyway let’s begin. P.s. I apologise in advance for the lengthy post.

Education

As most of you are aware there is a rebranding process going on for Request currently, it was really exciting to hear Robbins experience and to see the scope of the project. Request are working with an industry leading full-service digital agency to improve the understandability of Request through educational content.
The current Request website is mainly catered towards ICO investors and hasn’t really changed much since the token sale – when visiting the site, it’s extremely difficult to understand what Request is, how it works and who can it benefit from the platform. One of the goals of the project is to revamp the website to cater for developers, businesses, users, community members, early adopters and investors.
The concept of the blockchain, Request, and its products is daunting for the non-technical audience. While the team know it’s important to cater for developers and other industry professionals having an easy to understand project with easy to consume information is an important step towards adoption.
The Request Hub will also play a critical part in the growth of the Request Network. The new website will have a focus on developers and businesses and pushing them towards the hub and how they can use the funding to help create their projects. Most of you will probably be aware that the dApps + the core protocol are different projects entirely. Internally, this is also the case.
You can see an visual image of the structure here: https://imgur.com/pXF1gEK
The core platform team is responsible for protocol development, things like scaling solutions, data encryption, extensions, features like cross-currency etc. Whereas the dApp teams focus on creating applications built on the Request platform, crowdfunding, invoicing, payments etc. Although this isn’t new information it’s important for sections later in the write-up.

FIAT

This is an excerpt from the 8th June AMA special project update (https://blog.request.network/request-network-project-update-june-8th-2018-ama-special-request-network-now-available-for-5da85547d933) which covers the teams thoughts on FIAT.
Fiat integration is vital for the success of the Request Network for medium to long-term. What we focus on today is making sure the protocol has enough features and a solid developer experience to attract developers to build reliable financial tools on top of the Request Network. The foundation prioritizes its own development goals based on direct feedback coming from the developer community. We receive requests for features that are needed by developers, as their product depends on it.
Today, the main feedback coming from the developer community is to make it easier to use the library, implementation of encryption, cross currency support and adding more cryptocurrencies. Apart from these requests, scalability of the protocol itself and developing extensions such as escrow are also prioritized as it is crucial for adoption of the protocol by developers. The above are our current priorities in development, while we in parallel are researching several fiat integration options mentioned in an update last December.
All of the above bullet points are things the team are actively researching and looking into, we discussed how the Singapore government is looking at tokenizing the Singaporean Dollar and how many more governments in the future will look at taking this route, however this is a long way off.
A decentralised Oracle with Chainlink would be ideal but it’s not ready yet.
Integrations by partnerships with banks / partnering with credit card companies or processors (like Stripe) is incredibly difficult (especially being decentralised) but it’s something the team will actively work on / towards.
Oracle and bank APIs – we discussed several projects here like StellarX, OmiseGo and more – each have their own pros and cons but nothing in the space is really ready for FIAT, some options are close and the team are keeping a close eye on several projects in this space.
There are tonnes of regulatory issues surrounding FIAT and the blockchain, governments are dubious about the blockchain technology and banks are having a tough time getting involved too – even big companies like Binance, Coinbase and Circle still can’t obtain a banking license after many years of trying. The regulatory situation will change, crypto is still a young industry and it will take time for governments to catch up.
Instead of spending time trying to achieve FIAT which wasn’t viable, their time has been spent on far more productive things such as scaling solutions, data encryption, working on various dApps, working with partners, hiring and much more. The better the platform the more impact having FIAT will have when it comes. Yes, not being able to stick to the roadmap isn’t ideal, but the team have realised there are limitations and made the best of the situation.
Would it have been good if the team have been more transparent about FIAT and the issues they faced? Absolutely. Detailed articles about subjects like this do take time, and raise further questions which also take up the team’s time. We want to find a good balance going forward of keeping the team on track and keeping the community informed. We will also work with the team to improve communication for things like this (if they ever arise in the future) and how the mods can alleviate some of the time-pressure if possible.
The team do realise the importance of FIAT, it hasn’t been forgotten and will be something the team will keep on the roadmap – in the future when FIAT is possible we will have a much more mature platform and many use cases live and ready to integrate FIAT.

Marketing

One of the most discussed things over the past months is marketing, this is a very important topic and it’s something that can make or break a project.
As per the ‘Rebranding + Restructure’ section, marketing will be broken down into two different groups, dApps and the core Request platform. The marketing for each of these aspects is very different.
So, why aren’t the team marketing right now? Quite simply – the platform just isn’t ready yet, there isn’t enough value to risk marketing at this stage. This is the same with some of the dApps, they are close, but they still aren’t quite there yet.
In my case if we take a look at the WooCommerce + Shopify plugins, if I go ahead and run a PPC (pay-per-click) campaign before BTC is integrated, then users may leave the site and never return. In this instance I will have lost money as well as a potential customer. This is just one example but it’s the same for other dApps too.
Right now, The team are making active steps towards marking when the platform and dApps are, as well as hiring dedicated marketers.
I do want to say that the team truly understand the importance of marketing, they will market the project and the dApps– it’s critical they do so.
To break it down there are entirely separate game-plans to consider when marketing, the core platform and dApps.
Core Platform (Foundation)
Marketing for the core platform will focus on; educating the community about the platform, educating developers / businesses / potential partners about the Request protocol and how it can be used by / integrated into business workflows.
The rebrand will have a big focus on education and driving adoption of the Request Hub + Fund. In the meantime, we are discussing ways to improve the Request Hub and how we can get more developers involved at this stage, I have covered this in more detail in the ‘Request Hub’ section.
dApps
Each dApp will in essence be its own entity (business) and will act independently of the foundation. Each dApp will have a dedicated team, individual aims and goals, potentially a custom roadmap, a proprietary marketing strategy and much more (everything you expect from a typical business).
Marketing for individual dApps will vary greatly depending on what the dApp is, some will be focussed on B2B, some B2C, some dApps might be a combination of both.

Hiring + strategies to find new devs

The foundation growing at a quick rate and one of the things we discussed in Singapore was hiring and strategies to find new devs.
There are several strategies that the Request team can adopt alongside job advertisements to help entice developers, not only to the foundation but also to the Request Hub. We discussed potentially using freelancers and then hiring if they are a good fit, more engagement from the team with people that contribute to the Request Hub and how the team can help (financially via the fund + time set aside for devs), hackathons with prize incentives, speaking at developer conferences (very important). Some ways of engaging with developers do require the platform / ecosystem to be more mature but we are actively working on making these things a reality. Also, improving the community sentiment will also drive hype which in turn hopefully attracts more developers.

Request Hub + Request Fund

In my opinion one of the best selling points of Request is the Request Hub + Fund. Although there is activity in the hub and some projects have receiving funding it is nowhere near as widely used as it could be. As I’ve discussed in the marketing section, the renewed website will have a big focus on pushing the Hub + Fund.
Aside from the marketing aspect I have also been speaking to teams in the Hub for a while about how the flow for funding can be improved, we have discussed the barrier to entry for the fund (MVP limitations), the turnaround time for responding to funding applications (needs to be quicker), having the team engage more with the Request Hub devs as well as actively helping them with their business needs.
In the future I will also look at creating a suite of tutorials, and potentially workshops, for the Request Hub to help get developers up and running.

Bi-weekly updates

One of the hot topics since returning from Singapore has been the bi-weekly updates, we have been discussing with the team how they can be improved without taking up too much time for the team. There are several things which are actively being discussed:
This will be an ongoing discussion with the foundation, it will take time to refine the bi-weeklys and we also need to find a happy medium that suits both the foundation and the community too.

The Community Managers and our role

The goal as community managers is to firstly ensure that the social channels e.g. Reddit, Discord, Slack and Telegram are a good place for investors, the team and developers – we want to ensure it’s good for open discussions (both positive and negative) and a place where we can educate people about Request too.
As community managers we want to try and stay as impartial as possible, we will help to educate when we can, we’ll shut down any false information and we’ll help alleviate any concerns where possible. We don’t want to take sides, we are simply there to be a bridge between the team and the community.
We want the Request community to be an open place where anyone can discuss what they want, we want to see discussions about good things and bad – we don’t want Request to be a place where negativity is censored. We (the mods) are just normal guys, we love technology, we love the blockchain, we are just investors like all of you, and we want the best for the Request Network.
We are continually improving how we and the team deliver information, but things can still be improved massively – we are already actioning some things to improve communication between the community and the team and we have plenty of other things lined up too.

Roadmap

During the rebrand the website will rework the dynamic roadmap to something potentially similar to Ark (https://ark.io/roadmap), with percentages (or something similar) and a breakdown of each goal on the roadmap. This will help with transparency and also allow the community to track progress more easily.
I’ll cover my perspective on the dynamic roadmap looking from a developers point of view, as a lot of people are still unsure as to why the roadmap has changed and in turn it raises lots of questions.
From a developers point of view.
As a dev it can be incredibly difficult to hit deadlines that are more than a few weeks / over a month or two away, the further away the date the harder it is to estimate + hit deadlines. This is the case for a normal business, but as crypto is insanely fast paced and such a new industry this is even more prevalent.
In the normal development world you typically work in weekly / bi-weekly sprints to produce features in small iterations which contributes to the overall project, at the end of each sprint you re-evaluate the previous weeks and re-adjust timings / resources if necessary – estimating deadlines months in advance is almost impossible.
The biggest issue about committing to a firm date is that crypto adoption is moving at a fast rate, non-blockchain businesses are getting involved with cryptocurrencies and a great platform like Request is an attractive option for them. On-boarding these businesses takes money, expertise and most importantly team resources. The team is growing but for now the time spent with these partners needs to come from somewhere, and unfortunately features can sometimes get affected.
Let's take BTC support - if the team was fully focused on BTC I would have no doubt there would have been no delay. But PwC came along, which took up development resources and, unfortunately, impacted the deadline. Long-term, having PwC onboard will have a more positive effect on the overall Request Network ecosystem. Partnerships won't wait around, Bitcoin support will.
With these partnerships there will be a push for features they want to see. PwC for example, would be focused on the accounting so they would likely be pushing for accountancy related dApps (http://accounting.request.network/) - when the roadmap was first created the team could never predict such a huge entity like PwC would come onboard, so changing focus is sometimes required from a project. Once again, long-term this will benefit Request massively.
From a development perspective changing the roadmap is a fantastic move in my opinion, the team never know what is around the corner and being able to quickly adapt to new opportunities, on-boarding companies are critical for the long-term viability of the network. As the team grow there will be more development resource available to focus on the core platform and partners which will allow the team to better predict features in the future. Once again, I’d like to reiterate things do need improving here, the team can be more transparent, and the roadmap can, and will, be improved.

Summary

The Singapore trip was fantastic, and it was an incredible experience working closely with the team and it was great to see their passion and talent while working away through the week, it’s an excellent work environment too.
Every bit of feedback is incredibly important, please don’t hesitate to get in touch at any time to me or any of the mods, either by Reddit, Discord, Slack or Telegram.
There is a lot of work ahead for the mods and the team, but rest assured we have every single one of your concerns in our scope; the community and the perception you guys have is so important to the team and the project. There are a lot of great things going on that we will continue to improve and lots of things that need changing – it won’t be something that happens overnight but something that will be continuously improving for the entirety of the project – we are dedicated to working hard and improving Request and the community every day.
At the end of all this, actions speak louder than words, and we will take everything into consideration to help ensure Request thrives, we are already in the process of actively making changes.
Apologies for the lengthy post but hopefully this clears some bits up and helps to put across some of the great things we saw in Singapore, if you have any other questions feel free to leave a comment or get in touch privately. Cheers.
submitted by AdmREQ to RequestNetwork [link] [comments]

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