The Fenton Files - Revision history

Mapple at 13:51, 11 November 2018

2018-11-11T13:51:54Z

Mapple at 13:50, 11 November 2018

2018-11-11T13:50:18Z

Mapple at 19:58, 17 October 2018

2018-10-17T19:58:17Z

Mapple at 08:43, 6 October 2018

2018-10-06T08:43:24Z

Jeroz: Slides link update

2018-09-23T20:44:45Z

Slides link update

Jeroz: Edit source in title

2018-09-23T17:58:03Z

Edit source in title

Jeroz: Added Bruce talk at Baltic Honeybadger 2018 Bitcoin conference

2018-09-23T17:55:59Z

Added Bruce talk at Baltic Honeybadger 2018 Bitcoin conference

Mapple at 20:09, 12 September 2018

2018-09-12T20:09:32Z

Mapple: /* 25 Aug 2018 - Discord 2 */

2018-08-25T17:54:37Z

25 Aug 2018 - Discord 2

Mapple at 17:36, 25 August 2018

2018-08-25T17:36:42Z

← Older revision		Revision as of 13:51, 11 November 2018
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	__TOC__		__TOC__
		+
		+	==11 Nov 2018 - Discord 2 ==
		+
		+	Economics of token creation - raven ends up being exactly the same issuance schedule as Bitcoin but with this perpetual drain on total supply in the form of whatever is burned.
		+
		+	That-/ and the fact that it’s real 100% pow coins getting burned - that means RVN assets have sort of a neat double POW / a real asset (energy) has been burned to allow assets to exist
		+
		+	This gives them value. Not much, it’s tiny. But it does exist and that’s very different than other projects and very fascinating.
		+
		+

	==09 Nov 2018 - Discord 2 ==		==09 Nov 2018 - Discord 2 ==

← Older revision		Revision as of 13:50, 11 November 2018
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	__TOC__		__TOC__
		+
		+	==09 Nov 2018 - Discord 2 ==
		+
		+	Talking your own book is exactly ethical and legal— especially if disclosed. It’s one of the purest form of ethical interaction in commerce.
		+	Some had to not only risk public reputation to support this coin but also give miners over $ of my capital to get the coins we own. So a miner could have dumped on us and I’d be the one conned.
		+	Someone being well known or ostk backing some dev is also not relevant. Oprah or Andreas could mention this coin for five seconds and instantly have more influence than paper authors. If Greg Maxwell came and said something was a security risk, people would listen etc etc. that’s how a real open source project works.
		+	In a fair launch like this it’s almost impossible to have one party have the upper hand. That’s not marketing talk or something to pump ravens structure — that’s just the truth.
		+	Projects with a fair & open launch are literally a gift to the users — anything created from those projects is created by fair work to the people. It’s absolutely incomparable to something that raised money.
		+
		+	Nothing wrong with raising money by the way but it’s utterly and completely different from giving away something for free. It’s decentralized versus centralized. Permissioned versus free.
		+
		+	It’s the very core of our industry. A foundational core of what open source / decentralized/ cypherpunk networks can be.
		+
		+	Now ravencoin may be stupid, a bad idea, it may fail, it may break, it may have unforeseen problems or it might just be outpaced by any of a dozen projects trying to do the same. All those are potentially valid debates. —- but there’s just no reasonable way to say this project wasn’t fair. It’s provable on the blockchain that this was the most widely participated in and fastest growing network in history.
		+
		+	One may think raven is a weak project but it’s fairness is completely undeniable— if someone doesn’t believe that then they either don’t understand or believe in crypto or they don’t fully understand how this project works.
		+
		+	By the way:: we need to spread that far and wide. People should understand that this is their project — anyone can build on it
		+
		+	All this work we’ve done:: it’s free! All the code, the network — all that’s been invested — it all belongs to all members of the community. Anyone can use it and any one can benefit from this network.
		+
		+	Now for 500 RVN you can create a permanent asset backed by this absolutely massive amount of hashpower. That asset can do all kinds of cool stuff.
		+
		+	This is amazing. People don’t even see it yet.
		+
		+	The structure is a key part. No leaders, no rulers, no centralized parties. That’s best practices. It’s harder.
		+
		+

	==17 Oct 2018 - Discord 2 ==		==17 Oct 2018 - Discord 2 ==

← Older revision		Revision as of 19:58, 17 October 2018
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	__TOC__		__TOC__
		+
		+	==17 Oct 2018 - Discord 2 ==
		+
		+	New folks be sure to
		+
		+	1) download the latest wallet - recognize that this is YOUR project - it’s open source and NOT controlled by any specific people - you can build on this and use it without permission!
		+
		+	2) start mining — with a gpu you can get some coins to use and reserve names with but even if not then it still helps the network
		+
		+	3) running a full mining node helps strengthen the coin and helps everyone
		+
		+	4) download testnet NOW and mess with creating assets (!) this way you are ready for:
		+
		+	5) be ready to create real assets after mainnet launches on Oct 31 - you only get one shot at each asset name
		+
		+	6) register names you can use (if you register a brand name please consider giving it to the brand owner if they ask, this helps the network)
		+
		+	7) imho best early tokens will be game and experiments - fun things — this is still early stage and experimental — will be ready for things like securities once lots of testing in the live world — don’t take unwise financial risks - this is an experiment!- have fun and build something cool

	== 05 Oct 2018 - Discord 2 ==		== 05 Oct 2018 - Discord 2 ==

← Older revision		Revision as of 08:43, 6 October 2018
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	__TOC__		__TOC__
		+
		+	== 05 Oct 2018 - Discord 2 ==
		+
		+	The entire structure of ravencoin is VERY different from almost every other project — so it takes a lot of learning
		+	Thanks to all who participate
		+	----
		+	the thing is that Ravencoin is a protocol not a company — this is why no partnerships -// not because they aren’t valuable but because they are not necessary
		+	Ravencoin doesn’t have partnerships with companies because 1) there’s no one to make such a partnership 2) the companies and devs wanting to build on this don’t need anyone’s permission - they can just build
		+
		+	This is a good model — imho it’s the best model
		+	----
		+	Finding the right balance of how much to talk about this project is hard
		+	----
		+	Software is allowed to be centralized.
		+
		+	When people say this isn’t it’s not because they are lying to pretend something — it’s because it’s accurate.
		+	----
		+	The main misunderstanding seems to be that ravencoin is controlled or directed by Medici or tZero
		+
		+	It’s just not the case
		+
		+	This isn’t some claim that someone is trying to make to comply with some rule — its the actual truth. Also there is no law that this would be relevant for — the idea that a company working on an open source project “makes it a security” is silly and it’s super insulting
		+
		+	Whether raven is centrally controlled or has corporate involvement / oversight / investment etc do not make it a security anyway — that entire line of thinking is based on faulty logic and not understanding now Ravencoin works or was issued
		+
		+	Ravencoin was released for free exactly like Litecoin — because it was never sold it was not an offering
		+
		+	Even if it had one person as a ceo and even if that one person worked for Medici it would not matter —- still not a security
		+	----
		+	my time doesn’t belong to you. Usually when people write articles and mention someone they get quotes from them and check for accuracy first —- I do what I can to give accurate info.
		+
		+	I waste hours on this and the only result is time wasted
		+	----
		+
		+	It doesn’t matter if something it centralized
		+	----
		+	That doesn’t make it a security
		+	----
		+	A coin being centralized or controlled by a company matters when the company or coin raises money - a project like Raven is completely different
		+	----
		+	there’s nothing whatsoever “hinging” on that — that’s crazy talk.
		+
		+	No reasonable or knowledgeable person I’ve heard of considers RVN a security. If they do then :shrug:‍♂️ Litecoin and Bitcoin would be as well. It’s insane
		+
		+	... no — not at all.
		+
		+	Ridiculous
		+
		+	This all stems from people who don’t understand securities
		+	----
		+	There’s tons of info out there
		+	Not sure why people assume a conspiracy
		+	There’s no one “at the top” There’s no one “worried”
		+
		+	It’s REALLLY key to understand that this is an open source, decentralized project —- there is no person or people or corporation running it
		+
		+	There is no conspiracy etc
		+	People just work in their own interests
		+	----
		+	>>>>Ravencoin is not an entity at all <<<<
		+	----
		+	What matters is whether ravencoin can and does work
		+
		+	----
		+	Crap projects have an interest in promoting “partnerships” and stuff — actual protocols don’t
		+	----
		+	''(In reference (I think) to Medici / Overstock / RVN)'' I’ve said 100 times that they aren’t related — even made videos about it
		+	----
		+	Rvn is better than ever - amazing - one of the strongest projects ever
		+	----
		+	Because raven isn’t like that and isn’t a corporate project with “deals” and “agreements” / joint ventures and that kind of ico crap
		+	----
		+	Medici donates dev time
		+	Which is great
		+
		+
		+	But people assume much more of a corporate tie
		+
		+
		+	Which is a shame
		+	----
		+	Not a gift from MV
		+
		+
		+	MV gifts some dev
		+	----
		+	Big difference
		+	----
		+	There’s an impression that tZero and raven fit together in some special way or work together or that one platform is being designed for the other
		+	----
		+	''(In reference to an article speculating on the connection between various OSTK / MV projects and RVN)'' thanks! I’m not a fan of the screen shot from discord — I’ve tried to make clear many times that the projects really are not related — that screen shot taken on its own and out of the context of its convo seems like I’m winking and being coy or something imho
		+	Basically it was in reply to people who think the opposite: which is that tZero has nothing to do with rvn and will never list it because they are competitors or something
		+	Neither is true
		+
		+	It’s really not a corporate coin -/ existed before anyone at tZero heard of it and before I joined the board
		+
		+	There’s no team of folks at tZero working on raven and it defiantly wasn’t designed by tZero or created for some tZero purpose
		+	----
		+	Yes but ostk owns a mess of stuff and there’s no major direction from ostk to any portfolio cos to support ravencoin
		+	----
		+	TZero and ravencoin are much less related than people assume
		+
		+
		+
		+

@@ Line 21: / Line 21: @@
 Talk at: https://youtu.be/D2WXxgZ8h-0?t=1h48m23s
-Slides at: https://twitter.com/brucefenton/status/1043833386257854464?s=21
+Slides at: https://threadreaderapp.com/thread/1043833386257854464.html
 ----

← Older revision		Revision as of 17:58, 23 September 2018
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−	== 23 Sept 2018 - ~~Youtube~~ ==	+	== 23 Sept 2018 - Baltic Honeybadger 2018 Bitcoin conference ==
	Title: Global Ledgers: Scaling & Capacity for Legacy Securities Systems in the Age of Atomic Swaps		Title: Global Ledgers: Scaling & Capacity for Legacy Securities Systems in the Age of Atomic Swaps

← Older revision		Revision as of 17:55, 23 September 2018
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	__TOC__		__TOC__
		+
		+
		+	== 23 Sept 2018 - Youtube ==
		+	Title: Global Ledgers: Scaling & Capacity for Legacy Securities Systems in the Age of Atomic Swaps
		+
		+	Conference: Baltic Honeybadger 2018 Bitcoin conference, Riga, Sep 22-23
		+
		+	Bruce talks about the history of securities, it's current problems, and block chain.
		+
		+	Talk at: https://youtu.be/D2WXxgZ8h-0?t=1h48m23s
		+
		+	Slides at: https://twitter.com/brucefenton/status/1043833386257854464?s=21
		+
		+	----
		+
		+	Bruce Fenton (Discord):
		+
		+	I didn’t mention Raven because as soon as you mention a specific product at certain events people stop listening and are closed minded
		+
		+	Also so many people don’t even understand tokenized securities that it’s best to explain that first
		+
		+	Once they understand this concept then Rvn makes more sense

	== 12 Sept 2018 - Telegram ==		== 12 Sept 2018 - Telegram ==

← Older revision		Revision as of 20:09, 12 September 2018
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	__TOC__		__TOC__
		+
		+	== 12 Sept 2018 - Telegram ==
		+
		+
		+	Bruce Fenton:
		+	Because this is protocol development not something like an ICO scam
		+
		+	Ravencoin is a protocol — that’s it — it’s software
		+
		+	There is NO ONE to “make announcements” or “sign partnerships”
		+
		+	It’s open source - for all community members to contribute how they wish — this is a VERY VERY different model than centralized projects who did ICOs etc
		+
		+	If you are expecting centralized sales, marketing, announcements — that will never happen with this project and people should know that
		+
		+	What the project does do is focus on building secure and useful software— anyone can contribute and decide if they want to run that software

	== 25 Aug 2018 - Discord 2 ==		== 25 Aug 2018 - Discord 2 ==

← Older revision		Revision as of 17:54, 25 August 2018
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	We the users and holders have the authority by deciding what code to run		We the users and holders have the authority by deciding what code to run

		+	So if you say “trust the devs” the first question one needs to ask is “who? / which devs”

		+	The way to flush that out is by discussion

		+	Open and free discussion

		+	There’s also no special authority for any other person - no ceo or founder or master node or author or dev has special power or authority
		+
		+	----
		+
		+	But main point is that this is open source — there is no authority
		+
		+	----
		+
		+	We don’t want to ever discourage discussion — especially over security related issues
		+
		+	----
		+
		+	All this project is is a group of people choosing to run code based on what they think Ravencoin means and what code is effective for that definition — every person has the right to discuss what they think that vision is or means
		+
		+	----
		+
		+	The term hoi polloi is funny but it’s the antithesis of what open source is about — there is no “commoners” or higher class of people
		+
		+	There’s no special category called developers
		+
		+	It’s not ideal to say that people should defer to devs — that’s got a lot of issues I can explain —
		+
		+	what if a new dev joins tomorrow and creates the code to change the supply to 5 trillion with an insta mine of 1 trillion to himself and burning all addresses bringing in R5?
		+
		+	Would you say “stay in your lane, don’t discuss forks”? Of course not - it’s not what the coin is
		+
		+	It’s super relevant and key to discuss things like hard forks — any hard fork changes the consensus mechanism and the rules which everyone on the network previously agreed to
		+
		+	So it’s really a big responsibility for every user to know and care what all code changes are
		+
		+	----
		+
		+	There’s also a HUGE difference between non technical people discussing technical matters and overall DESIGN matters
		+
		+	----
		+
		+	You won’t see me talking specific code almost ever — it’s not my area of expertise
		+
		+	But overall economics, functionality and design is an area of expertise I have for this coin — Andy one can develop expertise and have opinions on the direction — anyone can choose to listen or not - and run what they want based on a combo of vision and capabilities and functions with the specific code
		+
		+	----
		+
		+	Well this is why consensus is so important
		+
		+	Just something to plan for — for the future
		+
		+	----
		+
		+
		+	We can all continually improve the quality of review of code changes
		+
		+	Bitcoin
		+
		+	Bitcoin system has worked best and that’s what Ravencoin is developed after
		+
		+	----
		+
		+	Bitcoin has made many leaps forward on this - there are lots of contributors and discussions
		+
		+	----
		+
		+	@name — well one thing is that there isn’t and shouldn’t be much of a line between “devs” and “the community” —- devs ARE the community and the community is devs in this project — there is no separate wall
		+
		+
		+	----
		+
		+	You don’t need to just “speak with a Bitcoin dev” you can BE a Bitcoin dev by simply submitting code
		+
		+	Secret sauce of Bitcoin is no leaders
		+
		+	No authority
		+
		+	Consensus
		+
		+	Same with Ravencoin-
		+
		+	----
		+
		+	The system is working well as it is — I don’t see any problems at all — just giving thoughts on best practices and ideas for the future — there are several things we learned from this hard fork which can be improved on next time - mainly around communicating
		+
		+	----
		+
		+	There’s some bad habits from ICOS where people come in to protocol projects looking for leaders or thinking a central authority makes all decisions
		+
		+	----
		+	It’s wise to plan for contentious forks
		+
		+	----
		+
		+	It’s wise to plan for contentious forks
		+
		+	----
		+
		+	And have healthy debate over all changes
		+
		+	----
		+
		+	Forks also present a risk — every code change presents a possibility of unforeseen consequences

	== 14 Aug 2018 - Telegram ==		== 14 Aug 2018 - Telegram ==

← Older revision		Revision as of 17:36, 25 August 2018
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	__TOC__		__TOC__
		+
		+	== 25 Aug 2018 - Discord 2 ==
		+
		+	consensus works in open source by open discussion over what code to run
		+
		+	----
		+
		+	Everyone should contribute to the discussion
		+
		+	There is no division between devs and non devs - there is no special authority who bestows the title “developer” - it’s just based on what code people run and who decides to run what they choose
		+
		+	So we don’t say “just do what the devs say” because there are no specific “devs” with any official role - just people who have done a lot of work and implemented the vision in the paper
		+
		+	Anyone can be a dev
		+
		+	Anyone on this page can write code
		+
		+	And call themselves a dev
		+
		+	No one has authority over any other
		+
		+	We the users and holders have the authority by deciding what code to run
		+
		+
		+
		+

	== 14 Aug 2018 - Telegram ==		== 14 Aug 2018 - Telegram ==