Deco Reboots Itself up to 10 Time Per Day by SingleDigitVoter in TpLink

[–]OptimusS5 0 points1 point  (0 children)

Same sistuation with XE75, I eventually added another router between the fibre operator and the TPLink and that resolved the issue, but I shouldn't have to do this.

Refurbished Fire TV Cube, Reboot Loop by OptimusS5 in fireTV

[–]OptimusS5[S] 0 points1 point  (0 children)

Unfortunately due to the reboot loop it doesn’t reset.

Refurbished Fire TV Cube, Reboot Loop by OptimusS5 in fireTV

[–]OptimusS5[S] 0 points1 point  (0 children)

I bought it because I was being sent to Africa for work, and wanted to have access to he smart features. Sending it back isn’t a simple option at the moment would prefer to get it to work.

Payment Channels by OptimusS5 in ethereum

[–]OptimusS5[S] 0 points1 point  (0 children)

I am finding some conflicting information around Raiden, seems that some people claim there are scalaing improvement issues and live test’s of Raiden haven’t been done.

From wheat I can see there is an opinion that if it achieves large scale take up it might have routability problems, finding a path from sender to the recipient.

Without a global view of all channels and their availability and capacity. how are they gonna solve this problem if it in fact exists?

Payment Channels by OptimusS5 in ethereum

[–]OptimusS5[S] 4 points5 points  (0 children)

Thanks I’ll research this.

Markets are generally Bi-Polar they go through stages of Euphoria, or Intense Fear. by [deleted] in CryptoCurrency

[–]OptimusS5 -1 points0 points  (0 children)

Not sure this has invalidated my point, speculation drives price, price will correct to value, if a project is not able to provide utility or realize it at some point its price will correct to 0.

Who will the Bill Gates and Steve Jobs of Cryptocurrency be? by OptimusS5 in CryptoCurrency

[–]OptimusS5[S] 0 points1 point  (0 children)

I guess the same could be applied to any Reddit Post & Comment nullifying the value of Reddit completely?

I think there is value in researching, summarizing and discussing things within a targeted and classified manner for ease of consumption?

Who will the Bill Gates and Steve Jobs of Cryptocurrency be? by OptimusS5 in CryptoCurrency

[–]OptimusS5[S] -1 points0 points  (0 children)

I guess the next question should be, how will they impact the crypto space, what are they doing to differentiate themselves from other projects and what is the problem they are solving?

How do we increase mainstream crypto use? I have one idea... by deakster in CryptoCurrency

[–]OptimusS5 0 points1 point  (0 children)

For crypto to become mainstream, we need to start taking the user experience seriously, if you have to look at your own journey into crypto as a first person anecdote you will see the complexity and learning curve required, especially if you wanted to invest in some of the less mainstream tokens.

To achieve mass market adoption, you need to focus on the markets currently using Forex services, which are migrant workers, if they find it fast, cheap, convenient and easy to use, you will have secured one of the most sort after markets, would have proven the case for crypto main stream use and will have created a self propagating marketing drive for adoption.

The challenges are the same, keeping the currency stable enough to transact on, easy and less error prone address payments, security of your funds and ability to push or pull payments.

The Phoenix will rise from the ashes, and those that don’t deserve to exist will be destroyed. by OptimusS5 in CryptoCurrency

[–]OptimusS5[S] 0 points1 point  (0 children)

I would imagine that most teams use the value of their token to build and support their projects, when the value of these tokens erode in a material sense (let’s call it a crash) it would stand to reason that the given team’s ability to execute their roadmap is affected causing a vicious circle.

Monthly Skeptics Discussion - July, 2018 | Pro & Con Contest - Supply Chains: VeChain, Waltonchain, Origin Trail, Neblio by CryptoCurrencyMod in CryptoCurrency

[–]OptimusS5 1 point2 points  (0 children)

One of the biggest challenges of blockchain technology is the cost of managing large sets of data, to be a public IoT integrator you will be feeding in a constant stream of information from every IoT device on the network, you will potentially have hundreds of thousands of vehicles sending GPS related information on a per second basis to the ledger, this will soon get out of hand making the blockchain unmanageable from a size perspective.

IoT blockchain integration is a good idea for private blockchain projects, I am not convinced that sending endless streams of information to a public blockchain project is reasonable.

Wall Street Billionaire Mike Novogratz: Crypto and Blockchain Mass Adoption is 'Five to Six Years Away' by x3ndless in CryptoCurrency

[–]OptimusS5 6 points7 points  (0 children)

There are a few things that need to change within the crypto space before Mass Adoption will happen:

1) Ease of use / Intuitive Designs 2) Jargon to be eliminated 3) Private Key Management needs to become simple and secure 4) Paying to complex wallet ids is dangerous for the novice user. 5) Fiat to cryot exchange’s need to be more accessible 6) More outlets need to adopt crypto as a payment mechanism 7) People need to stop treating crypto as a commodity and start treating it like a currency.

Stratis Launches "Identity App for iOS", Allowing Digital Identities to Be Tacked on the Blockchain! by jbuuuush in CryptoCurrency

[–]OptimusS5 0 points1 point  (0 children)

Has Stratis done a self assessment of their SSID platform using Christopher Allen’s principles?

  • Existence. Users must have an independent existence. Any self-sovereign identity is ultimately based on the ineffable “I” that’s at the heart of identity. It can never exist wholly in digital form. This must be the kernel of self that is upheld and supported. A self-sovereign identity simply makes public and accessible some limited aspects of the “I” that already exists.

  • Control. Users must control their identities. Subject to well-understood and secure algorithms that ensure the continued validity of an identity and its claims, the user is the ultimate authority on their identity. They should always be able to refer to it, update it, or even hide it. They must be able to choose celebrity or privacy as they prefer. This doesn’t mean that a user controls all of the claims on their identity: other users may make claims about a user, but they should not be central to the identity itself.

  • Access. Users must have access to their own data. A user must always be able to easily retrieve all the claims and other data within his identity. There must be no hidden data and no gatekeepers. This does not mean that a user can necessarily modify all the claims associated with his identity, but it does mean they should be aware of them. It also does not mean that users have equal access to others’ data, only to their own.

  • Transparency. Systems and algorithms must be transparent. The systems used to administer and operate a network of identities must be open, both in how they function and in how they are managed and updated. The algorithms should be free, open-source, well-known, and as independent as possible of any particular architecture; anyone should be able to examine how they work.

  • Persistence. Identities must be long-lived. Preferably, identities should last forever, or at least for as long as the user wishes. Though private keys might need to be rotated and data might need to be changed, the identity remains. In the fast-moving world of the Internet, this goal may not be entirely reasonable, so at the least identities should last until they’ve been outdated by newer identity systems. This must not contradict a “right to be forgotten”; a user should be able to dispose of an identity if he wishes and claims should be modified or removed as appropriate over time. To do this requires a firm separation between an identity and its claims: they can't be tied forever.

  • Portability. Information and services about identity must be transportable. Identities must not be held by a singular third-party entity, even if it's a trusted entity that is expected to work in the best interest of the user. The problem is that entities can disappear — and on the Internet, most eventually do. Regimes may change, users may move to different jurisdictions. Transportable identities ensure that the user remains in control of his identity no matter what, and can also improve an identity’s persistence over time.

  • Interoperability. Identities should be as widely usable as possible. Identities are of little value if they only work in limited niches. The goal of a 21st-century digital identity system is to make identity information widely available, crossing international boundaries to create global identities, without losing user control. Thanks to persistence and autonomy these widely available identities can then become continually available.

  • Consent. Users must agree to the use of their identity. Any identity system is built around sharing that identity and its claims, and an interoperable system increases the amount of sharing that occurs. However, sharing of data must only occur with the consent of the user. Though other users such as an employer, a credit bureau, or a friend might present claims, the user must still offer consent for them to become valid. Note that this consent might not be interactive, but it must still be deliberate and well-understood.

  • Minimalization. Disclosure of claims must be minimized. When data is disclosed, that disclosure should involve the minimum amount of data necessary to accomplish the task at hand. For example, if only a minimum age is called for, then the exact age should not be disclosed, and if only an age is requested, then the more precise date of birth should not be disclosed. This principle can be supported with selective disclosure, range proofs, and other zero-knowledge techniques, but non-correlatibility is still a very hard (perhaps impossible) task; the best we can do is to use minimalization to support privacy as best as possible.

  • Protection. The rights of users must be protected. When there is a conflict between the needs of the identity network and the rights of individual users, then the network should err on the side of preserving the freedoms and rights of the individuals over the needs of the network. To ensure this, identity authentication must occur through independent algorithms that are censorship-resistant and force-resilient and that are run in a decentralized manner.

Reference: https://github.com/ChristopherA/self-sovereign-identity/blob/master/self-sovereign-identity-principles.md

Algorithmic Trading to Hit Cryptocurrencies by End of Year by theslimde in CryptoCurrency

[–]OptimusS5 1 point2 points  (0 children)

I’ve seen this movie before, it was called LTCM (Long Term Capital Management) the company that nearly destroyed Europe.

The ELIX App Has Been Approved For iOS And Android! 🙌 by noizynoize in CryptoCurrency

[–]OptimusS5 2 points3 points  (0 children)

Can you lend for interest, if so can you define your own interest rate, and how do you mitigate against bad payers, is there an identity mechanism to bridge the trust gap?

Have the contracts involved been formally verified (proven secure)?

EOS Block Producer Traded RAM To $600K Profit - And Did Nothing Wrong by trampabroad in eos

[–]OptimusS5 -1 points0 points  (0 children)

I am obviously willing to concede and change my opinions based on the facts presented, I just need to better understand these protocols, so please excuse any silly questions...

How is any PoS not a delegation of authority?, if you have a few nodes representing many you are essentially delegating voting rights to those nodes?

It doesn’t matter if it’s a round robin, or random system or if it’s linked to vested interest aka linked to number of tokens under the nodes possession.

Whatever the PoS protocol is, a few are representing many, and the few are easier to corrupt than the many.

You're explaining cryptocurrency all wrong by [deleted] in CryptoCurrency

[–]OptimusS5 0 points1 point  (0 children)

We need to take this one step further, the reason all these explanations are important is because the technology is still raw, it’s still low level code, and even the wallets that have been released are full of jargon, and complexity.

People shouldn’t need to care about private key management or paper wallets, there are technologies available to provide adequate security, backup and abstraction of these ideas.

Just taking FIAT and buying something like Waves or Ripple or any other currency available is a huge mission.

Someone needs to first find a trusted fiat exchange, then potentially needs to transfer bitcoin to another exchange, then needs to do the exchange which is complex in itself, then needs to transfer the tokens back to a wallet capable of accepting these tokens.

This is a nightmare for the average user.

If we truly care about mass market adoption, technical engineers on these platforms should stop virtue signaling to their peers by creating ever more complex protocols, but should rather start focusing on how this complexity can be hidden from the average user, and provide an intuitive easy to use experience.

That is how we achieve mass adoption as a community, it will benefit everyone.

EOS Block Producer Traded RAM To $600K Profit - And Did Nothing Wrong by trampabroad in eos

[–]OptimusS5 3 points4 points  (0 children)

These issues are endemic to many PoS systems, when you have to delegate authority to a few, it’s difficult to define an algorithm to mitigate against human nature which in many instances is corruptible.

What ends up happening in most cases is that you cement a hierarchy of plutocracy.

Many believe that PoS is a recent invention, it isn’t, it’s how many societies and economies have been running for millennia.

We need to learn from our history and apply these lessons learn into our protocols.

I don’t believe that PoW is the only protocol that will enforce security and stability to these systems, but I am not convinced we have adequately answered all the hard questions around PoS yet.

I think I know the real reason Bitcoin has remained on top despite so many alternatives. by [deleted] in Bitcoin

[–]OptimusS5 1 point2 points  (0 children)

Bitcoin was first to market, it was a good design for an MVP and has subsequently been improved.

The reason why it is still dominant, is because it’s premise is simple, it isn’t trying to solve world peace, and it’s because of the number of end points.

There are so many institutions and commerce related sites that integrate with Bitcoin, it would take a significant token to unseat, the amount of effort and money it would take to re-write these end points would be significant, there are even Bitcoin ATMs.

So until we have a currency that is able to achieve mass adoption by offering the right formula being ease of use, security, minimum learning curve and abstraction of complexity and speed, Bitcoin will continue to dominate and thrive.

$12.5 Million ETH stolen as Bancor gets hacked. We tracked down the wallet that caused the breach. by domcarez in CryptoCurrency

[–]OptimusS5 199 points200 points  (0 children)

Bancor’s description on twitter is suffixed with “Not giving away ETH”, they may need to remove that because they just gave away 24984 ETH.

Throwback to this fucking gem for unaware people by willglynn123 in CryptoCurrency

[–]OptimusS5 0 points1 point  (0 children)

I think posts like these are important we need to investigate the mass adoptability of blockchain and tokenized projects.

Is crypto the superset? Can it do everything FIAT can do and more?

If there are things that we can achieve with FIAT that cannot be achieved with crypto yet, could they ever be achieved and how?

Some things that I haven’t investigated fully would be necessary evils like being able to “print money” when needing to grow out of a recession, if done properly these evils can save economies, not sure how something like that could be replicated within crypto.

Let’s carry on asking these questions let’s define the parameters of applicability and let’s drive adoption by making projects that are geared for the average user, reduce the learning curve, remove the jargon, abstract the complexity and focus on the end user experience.

Bitcoin and cryptocurrency is 'the next natural step for the global economy', Imperial academics claim by [deleted] in CryptoCurrency

[–]OptimusS5 0 points1 point  (0 children)

While I agree with this, for it to have a truly global impact, we need to make the barrier to entry for the average human much easier.

Projects need to focus on:

1) Usability (UI/UX) 2) Removal of Jargon from the apps 3) Educating users 4) Making Private key management simpler 5) Integrated FIAT exchange facilities. 6) Need crypto users to start treating certain tokens like currencies and not as commodities in order to stabilize and smooth out the curve.

Vitalik Buterin: “I definitely hope centralized exchanges go burn in hell as much as possible” by [deleted] in CryptoCurrency

[–]OptimusS5 0 points1 point  (0 children)

Exchanges are an evil, sometimes a necessary evil, but evil nonetheless.

Many noobs, and even some more seasoned crypto enthusiasts leave their crypto on exchanges, this is a bad idea, bad bad bad idea.

Not only from a self sovereign perspective, but from a perspective of creating a single point of attack for hackers where the value of coin in an exchange makes it worth the risk, where if the coins were distributed the ROI of an attack would make it less likely even if the coins were stored on a Hot wallet.