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== 27 May 11 Nov 2018 - Twitter Discord 2 ==
The US Securites Act Economics of 1933, The Securities Exchange Act of 1934, token creation - raven ends up being exactly the same issuance schedule as Bitcoin but with this perpetual drain on total supply in the Investment Advisors Act form of 1940 Act etc represent large and complex legal requirements which securities tokens WONT change -whatever is burned.
For example they still will be required 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 be truthful in comms, all kinds of compliance, they will still have allow assets to be restricted in movement after certain types of excempt offerings like Reg A etc. or accredited investors Reg D etcexist
but This gives them value. Not much, it’s tiny. But it WILL solve for many layers of things not required by law which have accumulated over the yearsdoes exist and that’s very different than other projects and very fascinating.
right now when you own stocks you have to trust the issuer AND you have to trust DTCC, Cede & Co., brokers, transfer agents, registrars and clearing firms/ custodians - with tokenized securities toibonlt need to trust the issuer
“Who the heck is Cede & Co. & DTCC and why do I need to trust them?” Glad you asked — this is the central party who controls the ledger now - it can’t be done by issuers (who we already trust)
The current system requires sharing of information by brokers who DO NOT TRUST each other ==09 Nov 2018 -this is why they need to trust someone (or a blockchain) to run that ledger for themDiscord 2 ==
This Talking your own book is classic Byzantine Generals dilemma - please don’t assume it’s easy or that 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 trusted issuer miner could run have dumped on us and I’d be the ledger- they can’t - only way it’s worked one conned.Someone being well known or ostk backing some dev is with 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 3rd party - 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 issuer!) Can be replaced users — anything created from those projects is created by a blockchainfair work to the people. It’s absolutely incomparable to something that raised money.
== 27 May 2018 - Discord 2 ==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.
Thanks for It’s the questions —Lots to unpack very core of our industry. A foundational core of what open source / decentralized/ cypherpunk networks can be.
A lot 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 common questions can be answered and bunched together 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 is best explained by backing up a second with overall ideas was the most widely participated in and philosophy— then trying to be more specific & answering anything else I can fastest growing network in history.
1) basic roots first At its core every effort with this One may think raven is a weak project has been to the cypherpunk roots expressed by the cypherpunk manifesto — I’ve been really lucky to learn from some of the best cypherpunks in the world - as but it’s fairness is completely undeniable— if someone who’s studied value and assets and securities my whole life I find the shared incentives in open source to be the most important development in human interactions doesn’t believe that then they either don’t understand or believe in perhaps hundreds of years - it’s as significant as the creation of trusts crypto or corporations I’ve also been lucky enough to have been in economics for a long time — what Bitcoin did was combine an amazing open source they don’t fully understand how this project with FOSS values and the epitome of cypherpunk values — AND combined with ECONOMIC incentives and a new form of money (that actually works!) AND a new invention called the blockchain — it’s completely amazing So an effort was made with this project to follow those values ; as simple as they are / working toward decentralization, leaderless, hardened technology : a very secure blockchain with lots of mining nodes and a wide and diverse community- working to be as open as possible and to have consensus based on solid rules on a strong network of informed and diversely motivated participants.
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 == 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)
This is part of what’s amazing about the technology of blockchains : it’s power comes from the people 7) imho best early tokens will be game and flows back to the people experiments - the people who participate give a network its strength fun things — and this network is VERY strong -/ I saw Tron still early stage and RavenDev experimental — will be ready for things like securities once lots of testing in the other day and they estimated— get this - that it would live world — don’t take 45,000 of the TOP END gpus to turn hostile on the existing network OR someone would have to buy 90,000 of the top end gpus to attack the coin [The questions with comparisons to verge are laughable and not sensible - verge did not have a 51% attack but it also had a massive security flaw in that it used MULTIPLE algos unwise financial risks - not one algo like Raven (Ravencoin algo X16R cycles through 16 algos bur is still ONE algo only mineable by the same type of computer configuration) Bitcoin Gold was also attacked but this is doable by ASICS an experiment!- raven is not (so far) have fun and build something cool
Does that mean raven doesn’t have risks? Hell no! This is GAME OF THRONES my friends == 05 Oct 2018 - to have a blockchain have ANY use it MUST. Be secure - we have to guard against everything and be constantly vigilant to the slightest threat - no matter how unlikely. A security flaw completely ruins a project — is not an environment to rush things or spend time marketing or fundraising - it’s not about features first security later or this mentality of “just throw our project on Eth cause everyone else does”. No way. For security to work it’s got to be a strong network that’s really hard to co-opt or change. That means no powerful people as much as possible and it means not having central points of failure.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
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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
Risks to raven include:This is a good model — imho it’s the best model51% attack: ANY real pow coin has this risk - biggest risk to raven is that large Eth miners turned adversarial toward raven - fortunately most Eth miners appear motivated toward a fair network - however the fact that large GPU miners do exist is a risk -Centralized parties: since it’s still in alpha / pre alpha — Finding the only way right balance of how much to develop talk about this project is to have some sort of vision and discuss ideas then put them into implementation — sometimes one person can do that hard---- the evolution of this project has been as a team because the network was launched first Software is allowed to build on — that’s unusual but has worked very well — we already have this huge strong network while we were working on the design and codebe centralized.
When people say this isn’t it’s not because they are lying to pretend something — it’s because it’s accurate.
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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
So anyway Ravencoin was released for free exactly like Litecoin — security is obviously of the utmost importance — it’s because it was never sold it was not just number one it’s number one and worth more than features #2 - 20an offering
That means copying all we 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 from the most secure coin: Bitcoin to give accurate info.
So I waste hours on this and the only result is time wasted---- no premine, no ICO, fairly mined, no leader, we need to prioritize nodes (yes regular nodes!) and mining nodes
We of course copied 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 code of Bitcoin — this company or coin raises money - a project like Raven is because it’s the most secure completely different----there’s nothing whatsoever “hinging” on that — by farthat’s crazy talk.
This is No reasonable or knowledgeable person I’ve heard of considers RVN a mission critical coin security. If they do then :shrug:♂️ Litecoin and failure is not an option. As a community if we ever EVER sacrifice anything which adds security risks we lose — the entire project Bitcoin would be worthlessas well. No feature, no person is worth risking security wherever possible It’s insane
So that means keeping the code decentralized - encouraging other implementations, being extremely cautious with ALL hard forks (even the planned one!)... no — not at all.
It also means being cautious to make sure the chain and tx count can be downloaded etcRidiculous
This all stems from people who don’t understand securities
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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”
Another benefit It’s REALLLY key to understand that this is the ethos of Bitcoin which an open source, decentralized project —- there is all about security first — cypherpunks don’t give a __ if Lightning Network takes three years no person or ten years people or never — we are not risking our f—ing Bitcoin for ANYTHING — not because some clown says nodes aren’t important — not to make corporation running it cheaper to buy a sandwich or anything else — SECURITY RISKS ARE NEVER AN OPTION — yes you need a chain that is useful - but it’s always security first
So what’s There is no conspiracy etcPeople just work in their own interests---->>>>Ravencoin is not an entity at all this have to do with the questions? The philosophy and ethos are important <<<<Think of this as a little sibling of Bitcoin - but being that this ---What matters is Game of Thrones(!) and crazy tech that sibling has damn good chance of dying — this coin could easily be killed off or die just like 500 shitcoins whether ravencoin can and this could easily end up worth zero. does work
Sorry if that sounds scary or harsh - but that’s reality. ---If you are Crap projects have an interest in one of the hundreds of centralized money raising projects such as ICOs people might tell you what you want promoting “partnerships” and stuff — actual protocols don’t----''(In reference (I think) to hear but Medici / Overstock / RVN)'' I’ve said 100 times that doesn’t make they aren’t related — even made videos about it true --- this space -Rvn is indeed Game better than ever - amazing - one of Thrones the strongest projects ever---- Because raven isn’t like that and isn’t a person might stab you or sleep corporate project with you or pretend to be an employee to get your private keys, soldiers “deals” and “agreements” / joint ventures and cops may raid your friends homes just for using this tech in certain oppressive regimes — there is an army that kind of highly skilled hackers like dire wolves outside your door ico crap-- any one of them would gleefully empty all your crypto without a second thought — a few of them would kill your mom - straight up — if you’ve got more than 2 Bitcoin in networth — that’s a scary and sad fact - but a fact it isSo if someone is telling you their coin is going to survive they are probably the first one whose going to get slaughtered when the white walkers come — you know the guy listening to the High Sparrow may fly high for a while — but eventually you know his heads getting chopped also — at least you hope this -Medici donates dev time(ICO promoters are the high sparrow, his followers the gullible buyers - chop heads Which is bad projects going under)great
but after all this is game of thrones — sometimes the good guys die and the bad guys win — so anyone who tells you otherwise is stupid or lying.
So - yeah - Security is important But people assume much more of a corporate tie
That informs the whole rest of the conversation
This Which is why there is not a structured messaging and shame----Not a line between the open source project and any business activities gift from MV
So hopefully MV gifts some dev----Big difference----There’s an impression that answers 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 lot 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 questionsthe 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: anything related which is that tZero has nothing to decisions or processes do with centralization rvn and will never list it because they are competitors or a security risk are avoided something Neither is true
— this also is It’s really not a good time to answer2). Questions about tZero Lots of questions about this — a few important points - The corporate coin is about WAY more than a company and even way more than tokenized securities — it’s for ALL assets: game tokens, all kinds of things which could be invented etc- within the one narrow use case / existed before anyone at tZero heard of tokenized securities many of us who are most active in design architecture it and development also coincidentally happen to be involved in the tokenized securities world - so this informs a lot of options and also before I happen to talk about this a lot and it’s associated with raven - clearly raven is a natural fit for tZero and joined the projects are complimentary- it’s natural that the two fit together - hopefully tZero lists raven and if raven works for token securities then they’d be a fit for tZero Definitely these decisions are made separately - this is why tZero launched on ERC20 and will almost certainly support multiple protocols So - though there is overlap, and common supporters, there is no coordination between these projects on development (not that this would be a bad thing or conflict of interest even if there was — we all have an interest in making both projects work) since they they are complimentary they will hopefully work togetherboard
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
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Yes but ostk owns a mess of stuff and there’s no major direction from ostk to any portfolio cos to support ravencoin
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TZero and ravencoin are much less related than people assume
3/3 so this all comes to the third major category of question: economics
This one is informed by the whole thin on cypherpunks and security I said above:
Security first
As part of that the design and dev team knows that the coin must have value to be secure and work
The community knows this and hopefully puts every effort toward security and action and decisions like securing the network
(If you want to help the network security: Turn on more nodes now!! Mine on every PC
you have and tell everyone you can to do the same)
So that’s economics: Why will the coin have value?
Motivational part: Because we are an army of Ravens and crows on the wall — we are the Nights Watch and together we have incentive to make this work - together like an army of pecking Birds we will chip away with our GPUs and stick together as a community and make his work! Ra ra yay!!
The truth== 23 Sept 2018 - Baltic Honeybadger 2018 Bitcoin conference ==Title: A zombie apocalypse might kill us even if we are as honest kind and worthy as Ned StarkGlobal Ledgers: Scaling & Capacity for Legacy Securities Systems in the Age of Atomic Swaps
How much will it be worth? Hell if I know. Conference: Baltic Honeybadger 2018 Bitcoin conference, Riga, Sep 22-23
Let’s enjoy Bruce talks about the game history of securities, it's current problems, and block chain.
Talk at: https:/ end/youtu.be/D2WXxgZ8h-0?t=1h48m23s
Slides at: https://threadreaderapp.com/thread/1043833386257854464.html
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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 ==
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”
== 26 May 2018 It’s open source - Discord 2 ==for all community members to contribute how they wish — this is a VERY VERY different model than centralized projects who did ICOs etc
<name> polymath If you are expecting centralized sales, marketing, announcements — that will never happen with this project and people should definitely put their services on the Ravencoin networkknow that
It’s not hard - they can use solidity through RSK which would make What the whole polymath platform work project does do is focus on Ravenbuilding secure and useful software— anyone can contribute and decide if they want to run that software == 25 Aug 2018 - Discord 2 == consensus works in open source by open discussion over what code to run
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<name> right now suppose it cost $90 million 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 51% attack dev Anyone on ravencoin— that means it’s not cost effective to attackthis page can write code
However if Apple issued And call themselves a token for all their stock on the Ravencoin network then that’s worth $500 billion —- so now it becomes worth it for someone to spend that $90 million to attack the network so they can double spend Apple dev
Does that clarify?No one has authority over any other
So we We the users and holders have to hope that value if the token and economics and all mining aligned authority by deciding what code to give enough security run
As So if you say “trust the network grows it’s of course more secure and devs” the ratios are not as much a problemfirst question one needs to ask is “who? / which devs”
----The way to flush that out is by discussion
<name> first step is to figure out what a 51% attack would costNext is to figure value of assets on the networkOpen and free discussion
Once it passes a certain point (like Bitcoin) a 51% attack becomes so logically challenging that the value doesn’t matter as muchThere’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
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I’d say deflationary when looking at long term supply But main point is that this is open source — there is no authority ----
It’s identical We don’t want to Bitcoin so whatever people say Bitcoin is ever discourage discussion — which is usually referred to as deflationaryespecially over security related issues
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<name> tZero and raven are separate / All this isn’t corporate project but the goal and mission has is is a lot group of synergies so it would be natural people choosing to have run code based on what they think Ravencoin means and what code is effective for that definition — every person has the projects work together If raven right to discuss what they think that vision is successful then it will be a part of a lot of major exchangesor means
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Optimism The term hoi polloi is great funny but these types it’s the antithesis of projects are experimental and many things can cause them to fail what open source is about — there is no “commoners” or higher class of people
ICOs, scams and centralized projects have a strong motivation to blow smoke and make it seem they will definitely succeed - doesn’t mean they will<name> for sure - but that seems slightly differentThere’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?
Any SEC questions are better directed to Would you say “stay in your lane, don’t discuss forks”? Of course not - it’s not what the company sitecoin is
Same for specifics 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 token offeringnetwork previously agreed to
I’m So it’s really a board member not a company exec -/ I can speak about the big picture mission, goal the team etc on tZeroresponsibility for every user to know and care what all code changes are
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If your wondering if raven will be listed on tZero crytpo or the asset layer will be used for securities tokens which trade on the exchange - both are very likelyThere’s also a HUGE difference between non technical people discussing technical matters and overall DESIGN matters
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<name> “utility” tokens are typically centralized closed source scam coins 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 ICOs which use have opinions on the word “utility” direction — anyone can choose to pretend they have use so listen or not - and run what they are not want based on a security combo of vision and capabilities and functions with the specific code
Ravencoin is an open source decentralized coin without an ICO which is definitely not a security so doesn’t need to pretend it has utility — but actually does have utility and use ----
The chain Well this is extremely strong - the code why consensus is ridiculously secure and the asset layer adds real, not pretend use casesso important <name> the security of raven is better than Eth and it can handle scaling better - the protocol also allows voting and basic one way messaging and lots of other features described in Just something to plan for — for the white paperfuture
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If so it won’t be raven for sure - that’s not the purpose
Raven is extremely likely to trade on tZero and so are raven tokensWe can all continually improve the quality of review of code changes
<name> people who say “this can be done with a database” are absolutely wrong on this topic Bitcoin Bitcoin system has worked best and frankly don’t know that’s what on earth they are talking about - it can’t be done on a dbase— I’ve made tons of videos explaining thisRavencoin is developed after
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<name> think of it like Kraken — it’s an exchange with Bitcoin has made many leaps forward on this - there are lots of tokens — difference with tZero is that they will be securities tokenscontributors and discussions
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There might be some regulatory issues going direct but plan @name — well one thing is to have usd / fiat as well as crypto - worse case (I think) it will that there isn’t and shouldn’t be two separate sections much of a line between “devs” and “the community” —- devs ARE the exchange (like grad community and Coinbase)the community is devs in this project — there is no separate wall
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If people are wondering if tZero will support and list raven:You don’t need to just “speak with a Bitcoin dev” you can BE a Bitcoin dev by simply submitting code
The ceo Secret sauce of Bitcoin is a raven holder no leaders
I’m a board member No authority
Tron’s an advisorConsensus
The owner of tZero is the largest raven supporter Same with Ravencoin-
A majority of employees own ---- The system is working well as it is — I don’t see any problems at all — just giving thoughts on best practices and support raven ideas for the future — there are several things we learned from this hard fork which can be improved on next time - mainly around communicating
The missions are exactly aligned ----
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
... so yes, there is a good chance it will be listed----It’s wise to plan for contentious forks
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It doesn’t work that way — this isn’t a corporate project — there is a separation.It’s wise to plan for contentious forks
Raven is it’s own open source project----
People involved wear overlapping but also separate and distinct hatsAnd have healthy debate over all changes
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No it’s perfectForks also present a risk — every code change presents a possibility of unforeseen consequences == 14 Aug 2018 - Telegram == Chatturga:The v2.0.3 binaries are available to download on the ravencoin github. Assuming that everything continues to run smoothly, and no significant bugs need to be addressed, this is the version that will activate DGW and BIP9/RIP2 consensus voting for the asset layer. The devs recommend updating to this version soon (before block 338778), with a particular emphasis toward pool owners and exchanges. I'll reach out to those people at the end of the day since the devs want to do a bit more testing. https://github.com/RavenProject/Ravencoin/releases/tag/v2.0.3
I hope to issue assets on Raven== 05 Aug 2018 - Telegram =='' Tron ''
Securities tokensTron:Ravencoin is a protocol platform for assets and will work with anybody's infrastructure. Additional requirements can always be added by exchanges, or issuers, but are not native to the asset protocol.
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The people supporting Tron:You’re absolutely right. We are watching the issue closely. To put it in perspective though, our block times have been roughly 1.5x the speed of BTC during the open source project worst of it. We have already switched to DGW on testnet and Ravencoin support a protocol which allows secure and easy creation is slated to move to DGW on mainnet at the end of tokens — October. Our primary concern is not the code, that’s italready done. Our primary concern is not allowing the chain to split.It’s A chain split would cause far more damage and confusion than pow vs pos — it’s about what 5 minute blocks. The diff swings are a result of being profitable, then not, then profitable again, in an undamped oscillation. DGW will fix it, but it requires a hard fork where everyone must upgrade the best platform issoftware. This carries some risk.
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Not sure yet - probably strong - I love Monero Tron:x16r is the hashing algorithm, and fluffy is a good friend and also supports rvn - I’m of different than the mind that any good quality project difficulty adjustment algorithm. It will still be x16r. The difficulty adjustment tries to make it so it is welcome — securities alone 1 minute blocks no matter how many cpus/gpus are mining. Currently it adjusts by looking back 2016 blocks and making a percentage adjustment to bring it inline. There is a $10 trillion market4x limit, which we are close to hitting. It isn’t good but it shouldn’t get much worse.
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It’s Tron:RVN will still be RVN. The problem is that anyone that doesn’t upgrade when the algo switches over, will be on a different chain. Imagine the problems if CryptoBridge doesn’t upgrade, or Cryptopia, etc. and they have a race multiple projects can win — there different view. A hard fork is room just a software upgrade, but it is really important that certain nodes upgrade. We have a managed upgrade already scheduled for the end of Oct that lets everyone decide on their own whether to upgrade and when enough mining nodes have upgraded, it seamlessly switches over at a dozen projects like raven or Ethset percentage.
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It’s not so much about a currency — but what platform Tron:No, shorter block times aren’t the problem. Rentable hashpower, and multipools which auto-redirect hashpower to the most profitable coin makes it workAnd whichever ones work sort of become defacto currenciesmore difficult to calibrate. That’s what changed.
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== 23 May 2018 - Discord Tron:The longest chain is the winner. We just need to make sure it is crystal clear which one that is. If we have 1/2 ==mining power on one chain and 1/2 on another, it gets murky. If that ever happens, just don’t transfer RVN during that time and you’ll be fine. And, if you’re mining, make sure you’re on the longest chain.
Clearly there is huge overlap of interest, mission and people who support tZero and who support Ravencoin — its ---- Tron:DGW will go a natural fit and convos around tZero and raven often overlap I’m on the board of tZerolong way towards that. We actually want increased hashing, Tron is an advisor and pretty much the whole management holds raven including the chair we just don’t want it coming and overstock who owns one of the largest holdingsgoing in multi-day intervals.
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Yes so expect a big change on GitHub in 2 weeks
The code so far will be released in alpha version
After further coding and work it will be ready to deploy on test Net within 2-3 months
this Tron:I don’t think miners using a pool will Place need to change anything. Just make sure the fully functional and live asset layer after thatpool you’re using has upgraded whenever the software is upgraded. Make sure you’re using the latest version to view/store/transfer your RVN.
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The alpha of asset layer code Tron:My understanding is that there was a Pull Request for RVN on Ledger. I don’t know if/when that will be published for early review within two weeksmake it into production.
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== 20 May 2018 Tron:Yes, unix (linux), Mac, and Windows. We need to make sure the client cross- Discord 2 ==compiles for all of them.
There is no official “raven team” this is open source and anyone can develop anything on it ----
There’s no “official” group who can or would reach out to corporations Tron:Yeah, there were some awful asset names. I imagine that some of the web explorers and it wouldn’t make sense asset marketplaces will want to do so in the name of an open source idearun names through a filter.
The way Ravencoin works is much better than a centralized ICO ---- Tron: anyone can There’s going to be lots of interesting opportunities. I think someone will build anything on it — so someone reading now can decide to make a business that helps companies list - advisors could help companies list on Raven like they do with Eth etc — its much stronger that way and more likely to lead to wider usemarketplace for asset names.
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Tron:There’s really only one chain. The problem is that when you change the diff algo, then the version of the software using the old algo sees only old algo blocks as valid, and software using the algo only sees new algo blocks as valid. The “real” one SHOULD be the new algo chain, but there’s no BOSS that says you can’t run older software. So it is really up the users to upgrade and all agree to use the newer software. I think exchanges will increasingly add tokens and once they are regulated will add securities tokens - it’s likely going can’t compel anyone to upgrade, but it would make economic sense for everyone to be too large use the new software. We can write software that doesn’t change the algorithm until it sees that most miners have upgraded because we can put a market to ignoreversion number in the blocks and count the mined blocks. That’s what BIP9 does — Google it if you’re interested in how it works.
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Tokens We’re hiring like crazy. Most of our hires are for tZero, Medici, and Bitsy. If you’re a great developer, you should be able to be issued on Raven apply. Bruce is in 6 months NH and what happens after this is up to the markets he visits Utah and the communitywe visit him in NH.
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Well there are no promises — looking at it as an investment is very riskyTron:Yes. I don’t know how trademark rules would apply. I fought two trademark battles where I felt I was in the right. I won one, and folded the other against a giant “perfect” word processing company.
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== 11 May 2018 - Twitter ==Tron:There is support for that. I’m not in favor of that, in general, but it did make sense for our asset hard fork.
Honary twitter post - [[Replacing-a-ledger-with-a-better-one|Replacing a ledger with a better one]]
== 6 May 2018 - Telegram ==Tron:''(Talking about fair launch)''I hope not, because I think it would devalue RVN, but it is certainly a possibility. Interestingly enough, anyone who had RVN before that fork would have RVN and RVC, but I still think it would would be a net negative overall.
Bruce Fenton:That’s false — the network had 4500 miners by the time of the BitcoinTalk announcement ----
This whole idea that something Tron:Sometimes it is only fair once it’s posted on every forum cheaper to mine, and sometimes it is cheaper to buy. Right now it is cheaper to buy — until the diff adjusts. I wrote a paper on how the Internet is preposterous -two are interlinked. https://letstalkbitcoin.com/blog/ this is open source and a community effort — anyone who wanted to post on Bitcoin Talk could /bitcoin-value- I personally didn’t post because I wasn’t aware of the Ann section and find BitcoinTalk in general to be a very low quality forum -mining-difficulty
The accusations that this was somehow shady are doubly preposterous to anyone who actually understands math. ----
There were 70 miners within Tron:Bruce and I agree that it doesn’t need shilling. Eventually, we’ll need to let more people know it exists and that it is a day and 1200 within 4 days or so —- if you claim platform they can build on, but that me or anyone else purposely delayed isn’t even true until the announcement in one stupid forum for financial gain that’s utterly ludicrousend of October when assets activate on mainnet.
Work out the numbers: less than 1/3 of a percent of the coins were mined in that period — do you really think that me and the devs and Patrick Byrne and all the other people who put years of time and millions of dollars into this sat on the sidelines plotting so we could get a mining advantage on 9 days worth of coins worth less than $2k at the time?----
This about it Tron:If there’s a Raven Classic, itprobably wont have asset support. Follow the money and motivation
It’s a stupid accusation
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Bruce FentonTron:It wasn’t fair Yes, we would like RVN to continue to non English speakers either---be viable cash. We hope it gets used for rewards (paying all holders of your token in RVN), and for on-chain atomic swaps (paying for assets with RVN where the trade happens all at once).Bruce Fenton:Or people without computers
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Bruce Fenton:
The launch was announced MONTHS ahead of time - posted on medium, posted on twitter — announced at four major public events and posted publicly
THIS is why it grew so fast Tron:I’m not 100% sure. It seems like we’re in a bear market — obviously if 4500 people mined then that means far more than that found out about similar to 2014-2015. Some of itis being sold to buy into RVN, EOS, and ADA, or into ICOs which are still going strong outside the US.
== 5 May 2018 - Discord 2==---Tron:I agree - kinda dumb. It is a completely arbitrary line. Enforce rules against outright fraud, but let everyone invest their money any way they choose.
[[The road ahead]]----
== 2 May 2018 - Discord 2 ==Tron:Do you I think we there will be sites listing assets for sale. We’ve put “forsale” and “forsale_price” keys in the metadata spec for this reason. Brokers could raise scan the chain and the meta data to build a 1 million RVN bounty website for someone to get RSK / Solidity working on the Ravencoin chain?exchanging asset names.
It would be a great complement to the upcoming code changes----
== 27 Apr 2018 - Telegram ==Tron:https://github.com/RavenProject/Ravencoin/blob/master/assets/asset_metadata_spec.md
Bruce Fenton:One benefit to exchanges is that Ravencoin is not a security — its one of the very few fairly mined coins with no ICO.----
== 27 Apr 2018 - Discord 2 ==Tron:Money isn’t a problem for this project - it’s well fundedI will share the scripts to allow anyone to register any names they want. I’m excited to see what gets registered.
== 20 Apr 2018 - Discord 2 ==---''(Talking about Tron:Sending assets will require a Twitter [https://twittersmall RVN fee. I’d love to get rid of the fee, but it opens up too many attacks that don’t cost anything.com/brucefenton/status/987340686327345152?s=19 live stream])''
I used Bitcoin (and Counterparty) as an example because it’s simple and lets people learn without being distracted by other issues. ----
For people to believe in Ravencoin they first have to believe that this is possibleTron:It’s been wonderful chatting with all of you. Thanks for your support of RVN. This demo shows that I’m working on some python scripts that’ll let you can indeed tokenize create batches of assets (with associated meta data) from a securityGoogle spreadsheet or csv. I’ll make them available next week for everyone to play with. It’ll make it easier for anyone wanting to register multiple assets.
Using Bitcoin eliminates many objections from Bitcoin maximalists. If I did the demo with Rvn then people likely go off topic on the algo or assume raven itself is an ICO or something like that.
This way it’s simple and proves the basic concept. == 03 Aug 2018 - Telegram ==
Once people get that securities CAN be tokenized then we can educate them about why this specific solution might work and what advantages and disadvantages it has. ''Some interesting posts from tron on telegram''
Ravencoin Tron:http://raven-blockchain.info/ext/getmoneysupply is based partly stalled on Counterparty and uses the codebase of Bitcoin — will add more features and eliminate some of the drawbacks Counterparty hasan old block. Needs to be switched to: https://ravencoin.network/api/supply
== 16 Apr 2018 - Discord 2 ==
Potential Loss of private keys is a massive drawback of crypto -- but it's the same for Bitcoin or any digital asset -- people will need to have systems to secure keys or will want to trust 3rd parties to manage them for them
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asset creators will '' referring to testnet launch''Tron:Thanks. We had a few glitches that we're fixing, but overall it seems to be able to control how many tokens are performing as expected.
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I'm not sure how much Tron:Brace yourself. The limits of a policy they have just that the whole company is very supportive of Ravencoin -- so lots of family and friends of Overstock and Medici free speech are early and strong supportersbeing tested. FREEDOM!!!
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Medici employees devs Tron:In the qt, go to Help->Debug, then the console tab, and allows employees to work on thistype listassets
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Overstock owns Medici Tron:I'd be interested in knowing which I am on the board ones it doesn't fulfill. It is portable, fungible, divisible, durable, transferable, and limited. USD is 5 ofthose 6.
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Yes it's true the ceo of Overstock is a huge supporter -- no doubt about it.
== 15 Apr 2018 - Discord 2 ==Tron:Michael Any wallet, explorer, exhange, etc. can use the .png. It likely will not be built into the reference client because we don't want to be downloading and showing the types of images that could be added. If you've looked at the list of assets created on testnet, you'll understand our concern.
Biggest roadblocks is adoption and unforeseen technical hurdles - so biggest things a non dev can do is master the story and share it far and wide -- tell friends-'' referring to facilitating adoption''Tron:Adoption - ease of use, cross platform (Windows, Mac, Linux, tell devsiOs, get people involvedAndroid) , and secure.
This can change the world -- people need to be freed ton control their own wealth and that means not just cash but stocks as well. This technology can do it.
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Some advantages of tokenized securities Tron:We hope assets will be tradable on decentralized exchanges. I just posted on twitterthink this will happen organically as soon as some real projects are using the tokens.Anyone really interested in this project should definitely read up on how DTCC and Cede and co works
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Oskt/ medic / tZero is often misunderstood
Ostk owns Tron:Medici /- has investments in about 14 different companies. I am on the board expect some of Medici --- Medici them will be able to use RVN, but RVN is a big supporter not being developed in support of this any particular project . It has larger ambitions to be a platform for asset issuance with multi-OS support and much easier to use than ERC20.
TZero is mutually acquainted but ----Tron:Verhoven RVN should be a separate thing -currency. We want it to have a value because phase 3 will allow paying token holders in RVN. Imagine a project that's profitable where the early supporters are rewarded (with RVN) based on the percentage of tokens they hold.
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Ravencoin is Bitcoin but with commits approved based on preference of the blockchain serving as the rails for assets instead of cash or digital goldTron:I'm not allowed to talk about tZero stuff.
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Well no one should be anything Tron:I had experience with Counterparty, Mastercoin, colored coins, and open assets which had similar capabilities on top of Bitcoin. It was secure, but proud clunky because some bitcoin had to be involved in this. There are very few projects which are fairly launched sent with every asset, and fairly minedthe fees became prohibitively high last year. We all got together and built something pretty cool very quickly've been able to fix these issues because we can make adjustments that the core Bitcoin developers can't make.
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Tron:The common question of why we need this is because we think this way might work - that's all reallyyes there will be a Ravencoin annual meetingideas behind the project and using the blockchain for tokenizing assets came from Bruce Fenton, as well as the project name and logo.Mid October
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A blockchain can change Tron:I'm in talks with the way gaming worksleadership and developers on that project. This seems silly to people who focus on monetary aspects like Bitcoin --- but itWe've agreed that Ravencoin is great once they's an entirely different thingre tokenizing the land. In game economies First stages are real about recording ownership and have real value - these virtual items will have even more value if they become platform independent. This benefits the creators and sellers of these game assets Ravencoin doesn't fit that use case as well -- one drawback is potential speculation -- game developers should note that adding liquidity adds profit speculators who can harm game dynamics (bots, farmers, for profit players) -- this could be dealt with several ways.
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Crypto is a great equalizer. With a project like this anyone can participate and code is judged on merit alone.
Tron:I bet 've talked to lots of companies about their projects on RVN. Two game companies, one tokenized real-estate company, and a lot of devs will end up being anonVC company that wants to do tokenized Reg A+ offerings.
== 12 Apr 2018 - Discord 2 ==---
IdeaTron: take I created a crypto accounting system called CoinCPA -- look for the concepts podcasts from the paper 2014. I was an early employee of Tzero. I'm a Tzero advisor. I worked for crypto company out of Hong Kong. I've helped Spera, and recent interviews w Tron etc and make them into a really well done PowerPoint / keynote Bitsy which are portfolio companies of Medici Ventures. ----
This would be open source and could be used by any community member Tron:I do have some coins. If anything bad happens to explain the project and concepts Ravencoin chain, it will affect me personally.
First really key step is the text and outline to assure accuracy above all else. ----
Once Tron:It's exciting. I'm a huge fan of everything that part 's happening in the crypto space. I think the Ravencoin community is set the best! I feel honored and blessed to be a part of the text is good we can put project. I really want it into a good format, add graphics and simple explanatory animations to succeed.
Can also have a FAQ section ----
I'd be happy ' in reference to help anyone some significant purchases seen recently on this -- we should be able to use a section of github to place the explanatory text so cb ''Tron:I can say for certain it isn't me. It really don't think it's Patrick. I don't think it can be edited and updated over time's Bruce, but I don't know that.
==31 July 2018 - Discord 2 ==
== 12 Apr 2018 Reminder: careful using testnet and wallets etc - Discord 2 ==someone WILL lose money because they get confused, send real coins to the wrong place only use if you know what you are doing :smiley:
It's possible ----I propose that this we as a community has built voluntarily white hat any major names like Google -/ hopefully if the real Google wants to use it the largest and strongest decentralized network anyone has ever built in such a short time.community member will give it to them at cost — but that’s optional of course----There isn’t any way to pre-reserve or verify names----But we can cooperate to register good ones----
Does anyone know another which compares? In terms of miners, nodes & other community metrics we have grown very fast. Very few coins have a stronger network -- both Bitcoin and Eth took years to reach what you built in less than 100 days. All 100% organic with no marketing and no central control. It's incredible. The future is bright.No first dibs :smiley:
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No one can beat the power of an open source community.White hats racing against squatters
== 8 Apr 2018 - Discord 2 ==
Ideally lots of companies and people will build on top of this protocol
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Partnerships have some challenges Testnet will give people a chance to see what has been built and will also allow more contributors to easily contribute and do security testing because the code is published and everyone can be on the same page
There isn't a way Testnet also allows 2nd and third layer developers to make partnerships between see how the idea called Ravencoin & any organization because there isn't any organization or person able to make a partnership or speak on behalf of Ravencoin or sign agreements etc. protocol works and build and test apps
It's Since the network was built first with ravencoin we already have a true open source project with no leaders or central control. massive head start when mainnet is launched (versus if the network genesis and the asset layer were launched together)
This makes things like partnerships impossible in means that since racencoin already has tons of users, community members and interested parties the sense usability of how they are done by centralized coins. the asset layer capabilities increases
Ravencoin dev is like Bitcoin: there is no way for "Bitcoin" to sign There are a partnership-- even Bitcoin Core (which isn't really a thing) lot of us in the community who can't sign anything. test and build on this protocol
In Ravencoin everyone owns So - when mainnet launches :rocket: there will be a lot of people ready to jumpstart that network and build on it and everyone can act as an individual and sign what they want.
Ravencoin is I predict a community project entirely built and controlled by the community the only "central" items are the name itself and all that represents is an idea that the community generally is behind. lot of asset names reserved right away (it will be like domain registration races / land grab)
The bad news with this structure When mainnet is that it is weird, chaotic, hard to understand and hard to get used to... especially for launched people new will be able to open source.immediately create real assets which will be verified by the ravencoin blockchain
"No leaders" sounds like some sort of new age techno babble -- but it's true -- for a real decentralized open source project like this there really is no central structure that can enter into deals etc.
This type of structure is so unusual these days that most people who got into crypto within the last == 29 July 2018 - Discord 2 years have never seen a real open source project. ==
The good news is that this structure enables everyone an equal playing field in building. No one is working to enrich some select group who received awards or raised money. Everyone who wants to participate can in whatever way they want We had mini raven sculptures hidden all around the Satoshi Roundtable
== 7 Apr 14 July 2018 - Telegram Discord 2 ==Tron:Two more devs added to the team this week. One more next week.
== 5 Apr 2018 - Telegram ==Ravencoin as a real open source & fair launched project will never have the captive marketing budget of an ICO — but those projects will never have the tech depth or scalability that the Ravencoin protocol has.
Bruce Fenton:
The scheduled hard fork upgrade will be around 7-8 months from now -- depends how long coding and testing take and how many people contribute to development and testing.
This hard fork will make the code changes which will allow the issuance of tokens
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Bruce Fenton:Icos as we know them will not be as big as securities tokensThis project == 12 July 2018 - Discord 2 == The dlr is open source so there a different thing - it’s a specific tool to help crypto interface with existing wall st touting systems Aside from this Tzero is no also an exchange which will trade security tokens ==11 July 2018 - Discord 2 == Just one to pay for any marketing type of services. If you read the papers and believe in the project then you can build businesses on this or drive your own economic interestssolid exchange would be very relevant
== 5 Apr 2018 - Discord 2 ==
It's great for people who want to do more -- if you are a hard working C++ dev you could end up having a massive effect on the code.
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Someone asked if Ravencoin could "support ___effort"
The answer to every one of these questions is the same -- no because "Ravencoin" is not Rvn took a centralized entity able to issue press releases path more like BTC or sign agreements or "support" anything --- it's just the name of the idea and code that a community is mining, developing or discussing.ltcIndividual people are all that can act in a decentralized open source system -- nothing is fully decentralized but this is the aim we strive for. Ravencoin has no ability to support actions or do anything because it's not an entity -- it's the name of an idea and code that the miners, developers and other community members generally agree on the purpose and structure of. That sounds unusual or idealistic or phony to many - I get it, but it's actually the best way to develop
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The main code is on a great track -- one huge area of opportunity is getting volunteer devs to work on second layer projects
RSK would be I think an awesome onexchange will happenLN another These don't need permission from anyone for someone to work on -/ devs can all communicate
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We need RSK & Solidity devs -- that capability can be worked on alongside the planned upgrade fork -- it would add a lot of capabilities to this protocol
== 4 Apr 2018 There actually is a lot of raven marketing - it’s all pretty much done by volunteer community members bits be trippin etc ---- Discord 2 ==
Ravencoin's only marketing department is the community-- competing against a sea I think Tzero hasn’t announced exactly how they will make listing decisions — there will be lots of scamcoins & ICOs w/ billions in ad budgets we are in an open source canoe canoe together. factors
The protocol can't do press releases or similar BS --however Rvn could be appealing to any exchange because it IS great to get the word out has high interest and volume and is not a security and also its code base is based on what the tech & science is.Bitcoin so well understood
There isn't anything to sell- imho it's a big mistake to discuss price so early which Rvn is why I never do.an especially natural fit for exchanges focusing on securities tokens
But it DOES make a lot of sense to share this info and explain it to people== 11 July 2018 - more people will learn about it & contribute.Discord 2 ==
The metrics of this are entirely different from something like an ICO- with Ravencoin we don't share info to sell something but we can share for the sake of computer science.From @Chatturga
The white paper isn't a marketing document designed Hello, everyone. I bring exciting news about the asset layer! Assuming that everything goes smoothly, the binaries to get money from people it's an actual real white paper: a technical scientific document open test the asset layer on testnet will be available for download on July 30th. Additionally, the target date for mainnet release has been tentatively set for peer reviewOctober 31st. The purpose of These dates give the document is community time to create discussion, generate criticism; identify security & functionality holes find any issues and to invite contributors. Thatfor PR's it. There is zero mention to be processed - with October 31st also being the 1 year anniversary of price. Imho this is a much better way to build great tech. If you build great tech it may have valuethe first Medium article about Ravencoin.
The diversity & strength of the community & dev is a good example of how open source can be more effective than corporate projects.== 3 July 2018 - Discord 2 ==
This protocol & idea Have I mentioned that this is worth sharing -- there's such a sea of scams and ICOs out there that a "white paper" seems like a sales document because the term has been stolen by scammers to be used for marketing documents. That's not ideal -- it reduces discussion Game of a technical computer science paperThrones?
Perhaps one thing we can do is share the concepts in this paper and the main bullet points / ideas behind it -- this identifies a lot of use cases:GAME OF THRONES!
Game tokens for items you can move from game to game, securities tokens with dividends, message services etc etc This space is very treacherous and risky -- all there is a ton of this is new tech creating new possibilities & solutionsuncertainty.
Sharing ideas gets even more great community members & contributors----so the devs are a combination of people - most are in Utah because Medici A coin claiming they will “beat Bitcoin” is not credible — neither is it credible to say Bitcoin has a while back allowed employees to work on open source & this project became popularly locally in SLC -- so Tron Black @Tron (who came up with most 100% chance of the tech ideas), Jesse Empey @RavencoinDev being both global money and @cade are in SLC -- most of the mining devs tend to live around NH because that's where we did the first meetups & announcementsrails for all tokens with zero exceptions.
== 4 Apr 2018 - Telegram ==Bruce FentonThere are a few possible outcomes:This project is open source so there is no one to pay for any marketing type of services. If you read the papers and believe in the project then you can build businesses on this or drive your own economic interests----Bruce Fenton:The scheduled hard fork upgrade will be around 7-8 months from now -- depends how long coding and testing take and how many people contribute to development and testing.
This hard fork will make 1) Bitcoin becomes the code changes which will allow the issuance of tokensonly chain, all projects become sidechains on Bitcoin - RVN and ALL other coins/ projects die completely (possible but unlikely / not certain enough to bet on 100%)
== 4 Apr 2018 - Discord 2 ==@everyone Volunteers wanted: Volunteer to ) Bitcoin dies, other coin or coins / projects serve as liaison to exchanges. Ravencoin is receiving a LOT of requests and interest from exchanges. Unfortunately most request that an "official" representative contact them. Since this is decentralized and open source there is no official and there is no one "authorized" to deal with exchanges. need (unlikely)
If someone from the community wants to volunteer to 3) Bitcoin becomes important money and important chain for tokens but other projects survive and serve this role they can. large or niche markets 3a Raven is one of these survivors 3b it isn’t Should (This is the most likely scenario imho of the 3 — even if I felt an 80% chance of option 1 then it would still be knowledgeable about tech/ dev and exchanges and able prudent to help exchanges with tech issues, integration etc.support other coins in case BTC fails or in case any can develop a niche which serves one area better than BTC)
== 3 Apr 2018 - Discord 2 ==Note on exchanges: since this project is open source there is no central party to speak with exchanges. ICOs and centralized corporate coins typically have marketers and others who serve this role. ----
Since this coin had no premine or set aside So if option 3 occurred and raven survived then it could be used in even a “small” niche of the economics are different as there is no insider looking to dump presale coins or something because they don't existpossibly deca trillion dollar token market and end up being very important.
All exchange activity so far has been community driven. There Cross chain atomic swaps and lots of other things will make cooperation between projects make sense — LTC is no official party with an authority to deal with exchangesa good example -/ that doesn't mean no one has the power --- it means everyone project has the power. This project belongs 100% never tried to the community-- it was created by a community and remains thatbe at odds with Bitcoin.
So anyone wishing Bitcoin was always going to list this coin or do any other economic activity - go for it. The project literally belongs to you as much as anyone if you are reading tokens — that a HQ co like Blockstream is working on thisis exciting and validated the entire idea.----Securities Just a month ago all the best “experts” were saying that tokens couldn’t be put on Bitcoin or a fork of Bitcoin — this is specifically why I always used Bitcoin not raven in the periscope video examples on security tokens with multiple share classes .
Game items that can be removed from When we did these demos everyone laughed — well now the smartest devs in the space are doing what we’ve been working on for a game and printed onto while as well (Blockstream has worked on this a paper wallet long time too)
Activist tokens which can It will be divisible great if both Bitcoin and with built Raven serve markets in messaging tokens successfully - so you there are certainly plenty of ways that can split work — I also think other projects like ada and eos will have a coin in to 10 good chance of surviving and give it to 10 friends who several platforms will all receive whatever message thrive for different reasons.
The possibilities Anyway — being that this is Game of Thrones and in the grand timeline of global money and blockchains - we are endlessearly in season 1 ... it’s a good time to be supportive of all projects and focus on building great tech rather than “beating” someone.Also — most importantly — Blockstream is NOT a competitor of Raven - Blockstream is a company with investors and some top devs and products etc. - Ravencoin is an idea and some code / software which generates a scare digital asset.
== 2 Apr 2018 - Discord 2 ==Discord channels, like other aspects of Ravencoin, don't have a centralized authority or controller.So back to the Blockstream announcement
ICOs, scam-coins ...If this is Game of Thrones here we are over at Raven Tower okay — and centralized corporate coins have controlled Adam Back is like the Maester from Fort Block — he just moved in and managed chat channels run by paid marketing employees. says he wants to fight white walkers with the weapon he’s been working on —
Ravencoin is differentOkay I could go on :joy:.. It's not run by a central team or person who tells people what to say or so.
Anyone can set up a chatBut seriously, there Blockstream is no "official" anything other than not an enemy to this project - that’s absurd - they are awesome people and high quality cypherpunks and some of the smartest people in the Git and websiteindustry.
If a majority of The “competitor” isn’t Blockstream it’s Bitcoin (for tokens!) — obviously Bitcoin is the community prefers one admin / mod style they can migrate to any banned. If various groups strongest chain and it’s very unlikely raven would replace it — that was never the goal, point or idea (at least from who have competing ideas my personal POV or preferences then multiple groups can form.imho)----Many people are so used to centralized scam coins that they don't know what to think when they see a real open source coin the better competitor is ETH who actually has serious weaknesses.
The internet is messy. The opposite of control is chaos. So some chaos is inevitable. But Goal as I’ve always personally seen it doesn't affect the protocol in any way.----This is as intended----It will all even out and to work well----Have faith in the wisdom of crowds----Does Bitcoin have an official chat?----It's hard on this specific use case on a PROTOCOL level to have no see if it develops advantages overall — it has had some since day one in charge and seems chaotic to not have control. Many corporate coins have antiseptic and controlled chats which regularly censor criticism.----the only thing official is the code and website.—
The roadmap Just build good stuff and white paper is an implementation that a group of devs supports ------Yes -- but KYC/ AML isn't part of the protocol----Ravencoin will allow easy creation of assets such as tokens----Anyone can post a new ANN----There's no "core" really----you seem to think I have some special powers -- it's your coin as much as it is mjne.----Well if so then that's even more reason to not do it. :smiley: the "core team" is anyone who wants to be.keep focusing
This isn't hand waiving -- it's If you want to attack someone ETH is a better target but even those folks are pretty cool — better to hope the structure of a real decentralized open source project.rising tide lifts all boats!!
There are no leaders or authorities. Only merit and individuals choosing who to follow and what code to run----I choose to support this project because it's decentralized----There are 1000 corporate coins who have very neat and clean comms channels: everyone agrees, a few people decide on a message and the people are fed a line.----Anyone can create these tools----There is no central authority over Bitcoin commsIt's impossible----Ravencoin is YOUR coin. It is the people's coin. A real open source and decentralized project.----The decentralized nature enables this coin to do WAY more than a centralized corporate coin or ICO can do.
Look at the results!!Yeah no one should care so much what I say — centralized authorities are bad
Look I love this coin and project and community — this is why I’ve given what you badasses have built in less than 3 months!I think is a fair share of free work to the project — but my activity shouldn’t be so relevant (and neither should anyone else’s)
NO ONE can duplicate this. IBM has spent $4.5 billion on its internal blockchain and we beat them in EVERY metric that matters: better code, stronger network, bigger community etc etc.-----
Why? Because people can smell authenticity a mile a I don’t see it as competition and even if so it would be silly to claim this chain is stronger than Bitcoin - imho far smarter way. Then know that to look at things is the hundreds of scam coins don't actually belong way LTC and to them. This coin a lesser extent cardano does. : we are all in the same ecosystem
Your efforts in Ravencoin are building what you wish - the strength of this project will not depend on 20 marketers or lawyers in some ivory tower office but the efforts of the thousands of people who've put in time, resources and sweat to build this this. ----
With this grassroots decentralization we have some drawbacks but overall massive advantagesI’ve supported raven as best I can and will continue to — I’ve done about 15 speeches and a hundred tweets and 12 interviews and I’ve received death threats and nearly daily criticisms and accusations of being a scammer / pumper because of being such a vocal supporter — I’ve spent hundreds of thousands of dollars of my own money on support of raven — I’ve taken time from my family to fly to meet devs and I’ve spent hundreds of hours on everything from writing and research to design to chatting in forums or answering questions.
This is why we will prevail.----We are likely the fastest growing network in history of crypto. We are also a top 10 of fairly mined I receive zero pay and zero special coins in 3 months.Decentralization works.----The wisdom of this crowd is stronger than any 100 people----Together we can do amazing things. Wish not for leaders or control. Instead make the changes you want and ask bonus for help.----No one has any power that you don't also have.If you want something to happen don't wait for permission. You have it. Just work or commentary I do it. on Raven —----Tuesday will be a Roadmap and an expanded paper based Every hour I spend on a combo of the original Medium article Raven is uncompensated and the roadmap----there are drawbacks I have to skip other paying work to a decentralized system like this -- but advantages as well. No one does or should have control---do -some advantages Ravencoin will have to token issuers over Eth:
- If people think it’s not enough or can do better then by all means hopefully they can step up and be spokespeople also — I offered to help others do so a while ago & will make more secure chainppt etc when I can
- more censorship resistant ----
- more decentralized Asset layer test net should be out in July
- simpler / more elegant ----
- native in Blockstream moving into this is great news for the protocol overall ecosystem
- will allow dividends ----
- will allow messagingIt’s a $40 trillion market
It's the next gen----Ravencoin plans to integrate RSK --
Advantage is shorter block time and that Personally I see it's native to the protocol -- but for smart contracts RSK will eneable solidity to work on the Ravencoin blockchain----ASIC resistance and a wider and more fair distribution is another advantage of Ravencoin.as very different
By this time period in Bitcoin's history the coin had less than a dozen miners. We have thousandsThis is one of the most widely distributed coins if not THE most----the protocol won't be ready to issue tokens on for 7-8 months or so. But the network is already very strong and will have a lot of appeal Securities tokens are one of the key use cases and reasons Ravencoin was created
Securities tokens are my main focusRaven is open sourceIf you want to compete with a company you canOr use the code and software how you choose
I think everything will be tokenized== 2nd July 2018 ----I was a stockbroker for almost 20 years so have been interested in securities tokens since I came into Bitcoin 6 years ago----Especially interesting is small companies who can't now go public on old markets but will be able to using RavencoinDiscord 2 ==
And also conventional asset managementI have over 150,000 social media followers and announced Raven to over 2000 conference attendees at crypto conferences including Miami BTC and Texas Bitcoin Conference ----Many exciting areas----SEC regs are misunderstood It was posted by many others aside from me and retweeted and reposted by almost everyone in the space----Things like lawyers will be the market not part of the protocol----Ravencoin opens up not just new doors to securities but entirely new types of aligning interests. For example co-ops----Ravencoin will enable users to issue STOs----Not a smart contract but native to the protocol----Sure real estate or any asset anyone wantsTo issuemany others
Game currency. Securities.We had 4500 miners within a week and the network grew so fast that solo mining and cpu rigs were obsolete within two weeks
Also unique assets----yes with any offering issuers will still need a legal team To claim that no one was on the network and offering management (not from that some secret miner dominated the protocol but the market)----not a SDK but native abilities within the protocol itself----So user will be able to issue:100,000 token shares of Janes Startupmining is preposterous and easily provably false
17 Platinum Swords In the very earliest days the network was widely distributed — the three largest miners (Overstock / Medici and three parties I don’t know who they are) each never reached more than 10-15% of Powerhash power —- and that was only for a short few weeks or so in the earlier days
1 Mona Lisa TokenSince then the math can easily show that for anyone to have significant network power they would have to spend a significant amount on GPU rigs — the math & metrics behind this are trivial for anyone with a basic understanding of mining and crypto
Etc----that's exactly something my company It is working onChainstone Labs plans simply impossible to be one of the first users of Ravencoin----You won't get dividends for holding rvnIt will be paid by token issuers to token holders----Rvn willl be burned for users to issue or name tokens----The assets will be have had a special advantage on the rvn chain-launch ---The assets will be using Ravencoin chain as rails<name removed> I founded Atlantic Financial, a Registered Investment advisor and also own chainstone labsAnd Satoshi Roundtable----Right holders all anyone could have to trust each issuer if they claim there possibly done is an asset backing it---what early miners did:: take a big risk on early equipment-No noOnly for physical assets/
Real world----Virtual items like digital currency, utility No one had any advantage whatsoever and game currency or items would stay digital----Providers of legal and KYC services willl be able to easily integrate with rvn----Ravencoin doesn't compete with Polymath - it's a separate type of thing----Poly has said they are chain agnostic so can use rvn----Unlike Eth, Ravencoin there was specifically built for the purpose of issuing tokens----Using RSK solidly Ravencoin will be able to do everything Eth can do----the published policy is to change the algo to break asics if they are created----absolutely no asics DECREASE security because they increase centralization----Asics make mining less distributed----actually they make a 51% attack easier because asics tend to concentrate mining in the hands of a small number of giant miners with data centers premine or set aside or insta mine at all
Bitcoin This is what is great about this tech - a blockchain is provableI guess at the ravencoin annual meeting we can be 51% attacked by compromising 4 people or so. Ravencoin you'd need ask early miners to compromise an army of Ravens with their gpusraise hands
<name removed> users acquire rvn and use that to create assets or pay dividend----once someone issues a token they can do what they want with it: give it away, sell it, run an ICO or STO, put it in a game or whatever they choose----To be clear: the Ravencoin protocol will support RSK / solidity but ALSO have a native capability built in which makes it easier for many use cases
And has more capabilities like messaging and dividends----<name removed> once someone issues Blockstream is a token they can do what they want with it: give it away, sell it, run an ICO or STO, put it in company — raven is a game or whatever they choose----To be clear: the Ravencoin protocol will support RSK / solidity but ALSO have a native capability built in which makes it easier for many use cases
And has more capabilities like messaging and dividendsWe are not competing with Blockstream
== Older Posts ==
[[Fenton Files: April 2018 - June 2018]]
[[Fenton Files: start - March 2018]]
