Why I believe in scattered ledger technologies (SLT)
At its core, DLT represents a new form of statement technology. The Economist was right. The most trailblazing part of DLT is the endowment of trust through network effects and economic encouragements. This trust allows the network to act as a value allocation mechanism. Whether the value being transferred is a unit of exchange (BTC/BCH/LTC), a component of a protocol (ETH/ADA/EOS), a representation of network proprietorship (NEO/VET) or a utility perfunctory (XRP/XLM).
Progression of innovative communication machineries
Each of these have been revolutionary in their own right and have caused colossal social, cultural and financial changes in human history.
• speech/linguistic = audio communication within a life period
• written word = visual communication beyond a life span
• printing press = massively distributed visual communication
• telephone = audio communication at light speed
• radio = massively distributed audio communication at light speed
• television = massively distributed audiovisual communication at light speed
• internet = massively distributed cinematic communication at light speed + network effects
o the internet has lead to the rise of massive companies through network effects. their net worth resultant from the data network or network participants that they influence. amazon with market data and market applicants. google with raw data from most of the world. facebook with social data. uber with their driver network. airbnb with their property network. etc.
o these companies are valuable because they have derived value from their network participants. by providing the centralised groundwork, they own the data each participant supplies.
The next step in communication
• blockchain/DLT = internet + decentralised + trust = information AND real worth transfer
o decentralised currency. decentralised market economy. decentralised big data. decentralised social networks. decentralised search engines. true IoT. no more large central repositories of information, power or value.
o this is the age, where instead of owning stock in large centralised companies, we own decentralised currencies and participate in decentralised networks. value is created and scattered through the decentralised market economy as people trade peer-to-peer network-to-network without intermediaries.
This is still a long way absent. Much of the world is still transitioning into the internet connected world. My long term hope is that we transition towards this decentralised economy in a stable manner, people truly own their own data and we become 100% energy self-sufficient with renewable vigor.
We are all on the similar team. Constructive news for one crypto is positive news for all cryptos. Let's help each other to foster blockchain approval.
With the incursion of new users in late 2017, I was hoping as a whole we would come closer to worldwide adoption of scattered ledger technologies and decentralised trustless networks. I think adoption is still slowly happening but as a municipal most of us have been tempted by Mammon and our dopamine addictions.
I feel there are more traders looking to make quick advances than those who believe in the technology behind what they are buying. "Buying the rumour and selling the news" is the ultimate testimony to the state of crypto. People are irrationally optimistic and looking to make a quick buck off each other by engaging in short term trades, timing the market forces and dumps.
I don't cognizance the shilling. (As long as it's thought out and logically presented, not mindless shilling e.g. XCOIN MOON) Shilling helped me find two very profitable investments, both of which I still hold. Shilling is good for crypto as a unabridged. It is optimistic, encourages adoption and gets people to engage and ask questions. Shilling is a dysphemism for advertising from an optimistic community. A fair ration of people only find out about new investments from shilling.
On the other hand, I'm not a fan of the binge of FUD, in particular the spread of fabrication. The world today has enough "fake news". We don't need more bullshit being supper in crypto. If you think someone is flat out wrong, don't attack their atmosphere or spout one of these. Prove why they are wrong with evidence. If you think a project is not promising, outline why you think that way in a cogent manner with sources. Even better, why not make a suggestion how you think it can be done better? Add value to the crypto creation as a whole rather than take away from other assets you perceive to be opposition. Valid skepticism is imperative, validity needs to be logically and factually sound, not e.g. XCOIN IS A PUMP AND DUMP.
Regarding blockchain opposition...
there is actually no such thing like Enemy in this production, at least not at this stage. I don't understand why people would do whatsoever to jeopardise a development of Blockchain. It should be a open market and all of startups should work organized to push forward the development of technology and submissions to help the business
These doctrines guide me in both bull and bear markets
- Your investment is not your leisure team. Keep an open mind and ask questions.
- You can learn something from everyone. Everyone is a impending teacher.
- If you disagree with someone, try and justify why. (First to yourself, then others)
o We should all try to be honest about our intentions
o Disclose your conflicts of interests if you have any - Add value to the municipal. Spread knowledge and answer questions in your community. Correct misinformation spread by others with sources.
- Prompt yourself why you got into crypto in the first place.
The enemy isn't other blockchain missions. Global approval is our common goal. To get there, we need to do recovering.
Some really great argument going on here, and a lot of good questions have been elevated. "Blockchain" is a big buzzword these days and with good reason. It has the probable to drastically change how the internet is they paid 40 bitcoins($10,000 at the time) to the block chain to catalogue the first namespace ".id".
SOS: Can Blockchain Save Us?
In case you needed a recap of why blockchain is about so much more than slinging tulip bubble-comments at Bitcoin investors and posting Lambo memes to Telegram ICO groups, I have two words for you:
• Decentralized
• Trustless
And in the context of fake news, those are just about the two sweetest words you could hear.
Despite our efforts, fake news is likely here to stay. And people, for the most part, will continue to be fooled by it. The question is not how to eradicate or prevent it, but rather how to employ technology to make it irrelevant. You are happily scrolling past those “This mom makes $3000/day from home” ads, right?
Blockchain injects the power of decentralization and value (read: gift) of trustlessness into every industry it disrupts.
Fake news is no different.
Due to the nature of my job, online search is my best friend. But I have to think and rethink the authenticity of every fact I quote or link I post, for fake news is the devil that sits on the shoulder of this activity. For not only do I not want to unwittingly spread falsehoods, but I’d like to keep my reputation as a writer intact.
So when my beloved topic blockchain hooks up with my most notorious pet peeve, I sit up and take note. And then I sign up for an account.
DNN: Decentralized News Network
[DNN] provides the blueprint to a more open world for creating censorship resistant and verifiable news, while ensuring accuracy through incentivization.
So states the website of a blockchain use case we should all be thanking our lucky stars for.
DNN is a decentralized news network that relies on an intelligent hive vote in publishing online content. Think Wikipedia if it were to enter the 24-hour news cycle game.
Just because “Mikhail” is writing a bunch of share-worthy fake headlines doesn’t mean it’ll see the light of day. Instead, for the benefit of DNN’s rapidly growing readership (the platform has had more than 20,000 sign-ups, and it’s still only in Alpha phase with just over 100 committed writers), reviewers will pick apart every article submission to ensure its validity.
Do those sighs indicate relief that you might just be able to trust something you read again?
The engines that fire up decentralized news network DNN are powered by three key gears:
- Decentralization
- Facts
- Collaboration
I’ll Have My News Decentralized, Please
DNN harnesses the power of the Ethereum blockchain to allow for a fully decentralized network that can never be hacked into, taken down, or censored.
DNN uses the power of blockchain to ensure that the content relies on reviewer consensus as opposed to the go-ahead of a central publishing authority answerable to the economic and political agendas of its owners.
Due to its permanent public status, content stored on the blockchain cannot be suppressed or deleted, making it immune to the onslaught of sinister schemes.
DNN’s Facts-Arsenal to Combat Fake News
DNN presents news in a thoroughly accurate way, combining the openness and freedom of blogs with the formal fact-checking of news organizations.
DNN relies on a robust review system that guides fact-checkers in their painstaking vetting and legitimizing of writer-submitted articles to ensure that what is written is accurate, sound, and valid.
In other words, DNN does the thinking for you.
The platform possesses comprehensive content policies and guidelines that guide reviewers in their scrutinization quest, ensuring that the ones yielding the editorial lightsabers become and remain master factual Jedis.
By incorporating a reviewer feedback system, writers also gain valuable feedback on how to better research, plan, and structure content. In so doing, DNN not only produces quality news articles but ever-improving quality writers, too.
DNN and the Power of Collaboration
DNN involves readers, writers, reviewers, and publishers providing key contributions that make up the underlying functions and structure of the network.
It might take a village to raise a child, but in this day and age, it takes a network (decentralized, naturally) to ensure quality factual content. DNN is up to the challenge.
Blockchain might make its platform immutable, but the platform’s DNN Tokens will ensure that collaboration is incentivized by rewarding collaborators for their efforts.
And if you’re all in on being a reader, writer, and a reviewer, fret not: DNN’s open environment allows for a seamless transition between any or all of these roles.
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