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BitcoinSOV (BSOV) Trading is Coming to Resfinex on 08 Feb 2020.

Dear Users,
We are pleased to announce that BitcoinSOV (BSOV) will be listed on 08th Feb 2020.
What is BitcoinSOV (BSOV)?
BitcoinSOV is a 100% community-driven cryptocurrency, and does not rely on centralized decision makers or traditional power structures to survive. This deflationary grassroots movement is built from the bottom-up, and is fully reliant on people like you to build it. We use non-violent methods of action — we fight for financial independence, and freedom from inflation.
What time will funding and trading start?
Trading Pairs
Confirmations required before deposits credit
Fees
BSOV stats
Trade with caution
Thanks for your support,
Resfinex Team
Invest with caution
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
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Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd

Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd


News by Coindesk: Max Boonen
Carrying on from an earlier post about the evolution of high frequency trading (HFT), how it can harm markets and how crypto exchanges are responding, here we focus on the potential longer-term impact on the crypto ecosystem.
First, though, we need to focus on the state of HFT in a broader context.

Conventional markets are adopting anti-latency arbitrage mechanisms

In conventional markets, latency arbitrage has increased toxicity on lit venues and pushed trading volumes over-the-counter or into dark pools. In Europe, dark liquidity has increased in spite of efforts by regulators to clamp down on it. In some markets, regulation has actually contributed to this. Per the SEC:
“Using the Nasdaq market as a proxy, [Regulation] NMS did not seem to succeed in its mission to increase the display of limit orders in the marketplace. We have seen an increase in dark liquidity, smaller trade sizes, similar trading volumes, and a larger number of “small” venues.”
Why is non-lit execution remaining or becoming more successful in spite of its lower transparency? In its 2014 paper, BlackRock came out in favour of dark pools in the context of best execution requirements. It also lamented message congestion and cautioned against increasing tick sizes, features that advantage latency arbitrageurs. (This echoes the comment to CoinDesk of David Weisberger, CEO of Coinroutes, who explained that the tick sizes typical of the crypto market are small and therefore do not put slower traders at much of a disadvantage.)
Major venues now recognize that the speed race threatens their business model in some markets, as it pushes those “slow” market makers with risk-absorbing capacity to provide liquidity to the likes of BlackRock off-exchange. Eurex has responded by implementing anti-latency arbitrage (ALA) mechanisms in options:
“Right now, a lot of liquidity providers need to invest more into technology in order to protect themselves against other, very fast liquidity providers, than they can invest in their pricing for the end client. The end result of this is a certain imbalance, where we have a few very sophisticated liquidity providers that are very active in the order book and then a lot of liquidity providers that have the ability to provide prices to end clients, but are tending to do so more away from the order book”, commented Jonas Ullmann, Eurex’s head of market functionality. Such views are increasingly supported by academic research.
XTX identifies two categories of ALA mechanisms: policy-based and technology-based. Policy-based ALA refers to a venue simply deciding that latency arbitrageurs are not allowed to trade on it. Alternative venues to exchanges (going under various acronyms such as ECN, ATS or MTF) can allow traders to either take or make, but not engage in both activities. Others can purposefully select — and advertise — their mix of market participants, or allow users to trade in separate “rooms” where undesired firms are excluded. The rise of “alternative microstructures” is mostly evidenced in crypto by the surge in electronic OTC trading, where traders can receive better prices than on exchange.
Technology-based ALA encompasses delays, random or deterministic, added to an exchange’s matching engine to reduce the viability of latency arbitrage strategies. The classic example is a speed bump where new orders are delayed by a few milliseconds, but the cancellation of existing orders is not. This lets market makers place fresh quotes at the new prevailing market price without being run over by latency arbitrageurs.
As a practical example, the London Metal Exchange recently announced an eight-millisecond speed bump on some contracts that are prime candidates for latency arbitrageurs due to their similarity to products trading on the much bigger CME in Chicago.
Why 8 milliseconds? First, microwave transmission between Chicago and the US East Coast is 3 milliseconds faster than fibre optic lines. From there, the $250,000 a month Hibernia Express transatlantic cable helps you get to London another 4 milliseconds faster than cheaper alternatives. Add a millisecond for internal latencies such as not using FPGAs and 8 milliseconds is the difference for a liquidity provider between investing tens of millions in speed technology or being priced out of the market by latency arbitrage.
With this in mind, let’s consider what the future holds for crypto.

Crypto exchanges must not forget their retail roots

We learn from conventional markets that liquidity benefits from a diverse base of market makers with risk-absorption capacity.
Some have claimed that the spread compression witnessed in the bitcoin market since 2017 is due to electronification. Instead, I posit that it is greater risk-absorbing capacity and capital allocation that has improved the liquidity of the bitcoin market, not an increase in speed, as in fact being a fast exchange with colocation such as Gemini has not supported higher volumes. Old-timers will remember Coinsetter, a company that, per the Bitcoin Wiki , “was created in 2012, and operates a bitcoin exchange and ECN. Coinsetter’s CSX trading technology enables millisecond trade execution times and offers one of the fastest API data streams in the industry.” The Wiki page should use the past tense as Coinsetter failed to gain traction, was acquired in 2016 and subsequently closed.
Exchanges that invest in scalability and user experience will thrive (BitMEX comes to mind). Crypto exchanges that favour the fastest traders (by reducing jitter, etc.) will find that winner-takes-all latency strategies do not improve liquidity. Furthermore, they risk antagonising the majority of their users, who are naturally suspicious of platforms that sell preferential treatment.
It is baffling that the head of Russia for Huobi vaunted to CoinDesk that: “The option [of co-location] allows [selected clients] to make trades 70 to 100 times faster than other users”. The article notes that Huobi doesn’t charge — but of course, not everyone can sign up.
Contrast this with one of the most successful exchanges today: Binance. It actively discourages some HFT strategies by tracking metrics such as order-to-trade ratios and temporarily blocking users that breach certain limits. Market experts know that Binance remains extremely relevant to price discovery, irrespective of its focus on a less professional user base.
Other exchanges, take heed.
Coinbase closed its entire Chicago office where 30 engineers had worked on a faster matching engine, an exercise that is rumoured to have cost $50mm. After much internal debate, I bet that the company finally realised that it wouldn’t recoup its investment and that its value derived from having onboarded 20 million users, not from upgrading systems that are already fast and reliable by the standards of crypto.
It is also unsurprising that Kraken’s Steve Hunt, a veteran of low-latency torchbearer Jump Trading, commented to CoinDesk that: “We want all customers regardless of size or scale to have equal access to our marketplace”. Experience speaks.
In a recent article on CoinDesk , Matt Trudeau of ErisX points to the lower reliability of cloud-based services compared to dedicated, co-located and cross-connected gateways. That much is true. Web-based technology puts the emphasis on serving the greatest number of users concurrently, not on serving a subset of users deterministically and at the lowest latency possible. That is the point. Crypto might be the only asset class that is accessible directly to end users with a low number of intermediaries, precisely because of the crypto ethos and how the industry evolved. It is cheaper to buy $500 of bitcoin than it is to buy $500 of Microsoft shares.
Trudeau further remarks that official, paid-for co-location is better than what he pejoratively calls “unsanctioned colocation,” the fact that crypto traders can place their servers in the same cloud providers as the exchanges. The fairness argument is dubious: anyone with $50 can set up an Amazon AWS account and run next to the major crypto exchanges, whereas cheap co-location starts at $1,000 a month in the real world. No wonder “speed technology revenues” are estimated at $1 billion for the major U.S. equity exchanges.
For a crypto exchange, to reside in a financial, non-cloud data centre with state-of-the-art network latencies might ironically impair the likelihood of success. The risk is that such an exchange becomes dominated on the taker side by the handful of players that already own or pay for the fastest communication routes between major financial data centres such as Equinix and the CME in Chicago, where bitcoin futures are traded. This might reduce liquidity on the exchange because a significant proportion of the crypto market’s risk-absorption capacity is coming from crypto-centric funds that do not have the scale to operate low-latency strategies, but might make up the bulk of the liquidity on, say, Binance. Such mom-and-pop liquidity providers might therefore shun an exchange that caters to larger players as a priority.

Exchanges risk losing market share to OTC liquidity providers

While voice trading in crypto has run its course, a major contribution to the market’s increase in liquidity circa 2017–2018 was the risk appetite of the original OTC voice desks such as Cumberland Mining and Circle.
Automation really shines in bringing together risk-absorbing capacity tailored to each client (which is impossible on anonymous exchanges) with seamless electronic execution. In contrast, latency-sensitive venues can see liquidity evaporate in periods of stress, as happened to a well-known and otherwise successful exchange on 26 June which saw its bitcoin order book become $1,000 wide for an extended period of time as liquidity providers turned their systems off. The problem is compounded by the general unavailability of credit on cash exchanges, an issue that the OTC market’s settlement model avoids.
As the crypto market matures, the business model of today’s major cash exchanges will come under pressure. In the past decade, the FX market has shown that retail traders benefit from better liquidity when they trade through different channels than institutional speculators. Systematic internalizers demonstrate the same in equities. This fact of life will apply to crypto. Exchanges have to pick a side: either cater to retail (or retail-driven intermediaries) or court HFTs.
Now that an aggregator like Tagomi runs transaction cost analysis for their clients, it will become plainly obvious to investors with medium-term and long-term horizons (i.e. anyone not looking at the next 2 seconds) that their price impact on exchange is worse than against electronic OTC liquidity providers.
Today, exchange fee structures are awkward because they must charge small users a lot to make up for crypto’s exceptionally high compliance and onboarding costs. Onboarding a single, small value user simply does not make sense unless fees are quite elevated. Exchanges end up over-charging large volume traders such as B2C2’s clients, another incentive to switch to OTC execution.
In the alternative, what if crypto exchanges focus on HFT traders? In my opinion, the CME is a much better venue for institutional takers as fees are much lower and conventional trading firms will already be connected to it. My hypothesis is that most exchanges will not be able to compete with the CME for fast traders (after all, the CBOE itself gave up), and must cater to their retail user base instead.
In a future post, we will explore other microstructures beyond all-to-all exchanges and bilateral OTC trading.
Fiber threads image via Shutterstock
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I own 179 BTC, here is my story

I am not a wealthy person by any means, but Bitcoin has helped.
I discovered Bitcoin via a post on overclock.net on April 27th, 2011. I believe the price was about $1.50/coin then. I read the posts about people mining them, did some research, and immediately started my Radeon card mining them. I had a 4770 back then.
There was an exchange to sell Bitcoins for linden dollars (Second Life currency) and then I could sell those for paypal dollars. Within a day I had proven to my wife that I could make money with this Bitcoin thing. Despite us being in a position where we couldn't even pay our credit cards, I took the $1100 we had and bought 4 5850's, some power supplies, and some cheap craigslist computers. I figured that if this whole Bitcoin thing failed miserably, at least I had some decent computer hardware I could resell and recover most of the cost. I immediately sold one 5850 for greater-than-market value since they were in demand and I needed the money, and started the other 3 mining. At one point, I was mining nearly 8 coins a day. I bought a few more cards as time went on and continued GPU mining for as long as it was viable.
This whole thing saved us financially. I was able to sell the Bitcoins and settle on my unpayable credit card debts. I held on to a few during the crash but managed to sell most of them at $10 or more, fortunately. After that I started saving them, since they were worth so little. I bought some of the early BFL FPGA miners, the ones that were measured in MHashes not GHashes. After mining with those for a while and then selling them to someone who wanted them more than I did, I had more than 450 BTC. I took the plunge and pre-ordered BFL's latest offerings, the 60GH singles, the day they were available, becoming one of the first on the preorder list. Little did I know I would have been much better off just holding those coins...
Regardless, I did eventually receive those singles, and managed to get about 225 BTC out of them before they were no longer worth running. I've been slowly selling the stash as we needed for remodel projects around the house and for miscellaneous expenses, though I finally no longer need to do so, as we've been able to pay off more debts and have more income than expenses each month. Now I've got a nice pile of savings, and I'm hoping to someday be able to use it to buy a better house in a better neighborhood.
I generally don't tell people that I have just about all my liquid assets in Bitcoin, as they would call me crazy. They might be right. But it's a risk I'm willing to take. I do have some equity in my house, and some retirement accounts, but neither is worth more than my BTC stash.
So that's MY story, what's yours?
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GRAFT NETWORK: AMA - questions and answers (summary from Discord)

Question 1
Could you talk a little about the software development process that Graft uses? What development methodology does Graft use? Is it an industry-standard model (such as agile, incremental, or waterfall) or something custom designed? Perhaps you could walk us through how the process works, for example how a concept goes from initial idea to implementation to testing to competition?

We use an agile methodology with two-week sprints. The system is quite complex with many components that we have to time together into planned releases. We started with formal testing but are quickly migrating towards community supported rollouts. You can see how various pieces stitch together looking at our development roadmap.

Question 2
"I currently scan various blockchain projects"". Ive noticed several unresponded pull requests that seem to be ignored"" In understanding C++ for a number of years. They seem to be solutions for a drastic fix. I can not involve myself in a blockchain that the dev doesn't fix issues in a timely manner. How can i invest with any courage the dev and the project is community oriented if they do not listen to pull requests! Is there any particular reason why PR are being ignored and is the super node RTA going to launch without any review from all pull requests?"

We pay attention to all pull requests. Pull requests however are not "just push an approve" button activity - they have to be vetted, tested, incorporated into the release schedule, and timed for the appropriate network update (fork) - all these things take time and are gated by the development and release schedule.

Question 3
It is appreciated that the Graft Team have said many times that people who buy GRFT aren't investors. But if GRFT is truly a 'community' coin then it would help if someone is available to give one consistent message from the Graft team to the people that form the community. There is often misinformation and confusion in the telegram and elsewhere because there isn't someone from the core team that is managing communication with the community. Will you be hiring an individual or team to manage communication with the community?

We are sometimes constrained as to what we can share due to incomplete conceptual framework (we start out with broad brush strokes and then fill in the details as we move closer to implementation), private info from 3rd parties that we're not at liberty to share (such is often the case with exchanges or other partners), or simply are working on something that may or may not pan out and we try to avoid situations where we overpromise and underdeliver. As engineers, we tend to communicate once something is done and no uncertainties remain - we're learning however to communicate more, bear with us :)"

Question 4
In the current alpha implementation, the RTA SuperNode requires a hot wallet with full spend keys on the VPS running the SuperNode. This seems dangerous: if we imagine graft at $1, that means a T4 is holding a hot wallet worth a quarter of a million USD, which makes it a tempting target for hacks—someone who gains access to the VPS could steal the entire stake plus any transaction fees. Why did Graft decide to go with a hot wallet approach as opposed to the cold-stake approach (of submitting stakes as time-locked transactions on the blockchain) commonly used by other Masternode systems?

First, it's important to take into account the specifics of the Cryptonote protocol - proof of balance in a CryptoNote wallet is not as easy as doing the same in ""regular"" non-private blockchains. Second, we are aware of this issue and already have it in the backlog, so it will be resolved in the future RTA release.

Question 5
"The recently announced stimulus plan for supernodes was unveiled without any details at all as to how it will work. This has led the community taking wild guesses as to how it might work (e.g. with the unofficial calculator floating around) and what the payoffs might be. Proper planning for potential supernode operators requires the actual details. When do you plan to formalize the stimulus payoff details so that people can start deciding whether or not they want to run supernodes?"

The stimulus plan will take a bit of flushing out. We have defined the general direction and the targets for the incentives and will be filling in the details as we get to the roll out stage. The goal is to make the network perform at roughly 100k tx monthly volume.

Question 6
There has been quite some discussion recently on the GRAFT blockchain telegram channel about the upcoming Monero CNv2 fork and the impact it may have on the GRAFT blockchain. Some are convinced that the fork will lead to a substantial migration of ASIC/FPGA hashrate to GRAFT (being the most profitable CNv1) from XMR. This in turn could lead to centralization of the network, a potential drop in value (as the farms are less like to hold their GRAFT) and even outright attacks. It would be great to get more information from you on this topic, if you plan to fork to CNv2 or any of the CNv1 derivates in the coming months?

The GRAFT dev team is working on the patch. We will announce the date of the hard fork shortly

Question 7
Where are we with Verifone and Ingenico exactly? What will be procedure for merchant to turn on GRAFT as currency on their POS machines, and will it require manual update?

Regarding Verifone software - it is done and ready for the rest of the network - of course there are iterations and updates happening on that as we go as all these things are interconnected. Using GRAFT on Verifone terminals only requires Engage-compatibility. Engage is their app platform - they are rolling it out to various models starting with the newest / most capable ones. To enable GRAFT, the merchant has to go to Verifone marketplace, add the app to their merchant account, configure the wallet and few other payment gateway options. As simple as that. Regarding Ingenico - we are waiting for the platform upgrade from their side and opening API's - tentatively Q1 2019, so for now our primary goal is to get the Verifone terminal to work flawlessly.

Question 8
Could you briefly share the Graft Team marketing plan and road marks that you are following to implement the plan?

Here's an example of what we're thinking and driving towards. https://www.graft.network/merchant-service-provide . Please keep in mind however, that this is a decentralized, community project, so core team's involvement in marketing and distribution is focused on working on core software and integrations.

Question 9
Many people have attempted to send coins from the mobile wallet to Cryptopia. The transaction fails because the mobile wallet does not support non-integrated payment ID's. The users then contact Cryptopia about the lost coins and then Cryptopia asks for a payment ID. There are a few problems with this all too common scenario, but the biggest problem in my opinion is that the mobile wallet does not provide access to transaction ID's. Will the mobile wallet soon be able to display transaction ID's?

Cryptopia is the only exchange that does not support integrated addresses. We've contacted their devs several times and asked to implement this support. They promised to do it but never provided any ETA. By the way, they do not support integrated address for Monero or other CryptoNote coins, not just GRAFT. Here is the latest response from Cryptopia devs: "We’ve escalated this issue and hope to have an ETA for you in the near future. We haven’t forgotten about it." 2) In the next releases of the wallets we plan to add both detached payment id & full transaction history (including Tx ID).

Question 10
When will the results of the RTA alpha testing (bug reports/fixes/etc.) be made public? Or if they won't be, when will you start accepting public bug reports for RTA supernodes?

As you may have noticed, we have started communicating the development status on a weekly basis providing lots of details to the community. The results of the testing feed back into the development with the end result of a public alpha and then beta state of the product.

Question 11
Do you plan to conduct any external security audit of the platform (RTA/Exchange brokers/etc.) before the final production release?

One-time security audits are largely ineffective (subpar, expensive, and short lived) as the code changes literally every day. The code is open to the community to examine and find bugs. We're also looking into implementing a bug bounty program. (Note that both GRAFT co-founders are CISSP certification holders and have serious infosec background.)

Question 12
What is the long-term plan for continuing Graft’s management? Some other coins have defined organization structures that are designed to continue without the present Dev teams. Has the Graft team thought about how Graft will be managed on an ongoing basis once the project reaches maturity?

Good question. We recognize that there is a natural evolution in a decentralized project governance as the project matures. We are considering a DAO path potentially, taking notes from other leading projects, and looking to incorporate some of the innovative models (like quadratic voting) that provide equalized participation.

Question 13
Multiple sites out there already support payments with cryptocurrency. How's GRAFT different?

The primary purpose of the GRAFT project is to build a DECENTRALIZED payment network - the fact that it can process crypto payments is one of the important by-products, not the be all and end all. The devil is in the details - centralized payment brokers go against the principles of decentralization and they don't scale. GRAFT's goal is a decentralized payment network with no borders, no single party controls, no (or marginalized) banks, agnostic to the currency you pay with.

Question 14
I've heard that early supernode holders will be incentivized to participate in the graft network and I applaud that. Doesn't it make sense to incentivize merchants to encourage graft usage by offering a transaction fee holiday for some time period up front? You could still pay the network supernode participants out of the coins set aside for incentives (or not). I think that incentivizing the vendor will go MUCH further towards promoting crypto adoption.

Yes, we're thinking about incentivizing other eco-system participants and have thought about waving the transaction fees for the merchants for period of time. It's not clear whether it's strong enough of an incentive for them to adopt a new payment network if they didn't have an interest in it before. We are thinking that the focus with merchants should be on creating awareness in the industries that are notoriously hard to get merchant services in, as well as making it super easy for them to integrate GRAFT into their existing systems and processes.

Question 15
Service Brokers are going to be One of the most critical part of the Graft Ecosystem. Considering an example where Bitcoin payment is made by a buyer and Merchant's payout choice is in Fiat USD. This is the most obvious use case I could think of. And the kind of liquidity needed for converting BTC to USD is going to be huge (to make settlement seemless). I fear individuals (SN owners) could provide this liquidity. Unless a major exchange could be a service broker I personally feel this will be difficult. Hard fact being we are facing difficulties in listing Graft on a bigger exchange, so what's the plan on getting a high liquidity exchange?

You're right - payout brokers are one of the keys to the functional network. We anticipate the liquidity to come from both smaller and larger brokers. The plan is that once the project gains recognition and adoption in the marketplace, the exchanges will open up as it's a very lucrative market for them. At this time we have a number of smaller payout brokers who have registered their intent to provide these services to the network.

Question 16
One problem with almost every cryptocurrency is the boundless growth of the blockchain data. One of the numbers that got pulled from the reward post was 100k transactions per day. Graft transactions average about 12kB, so put those together and you get the blockchain growing by 1.2GB/day. It'll hit nearly 100 gigs after 2 months, nearly 500 gigs after a year.Does Graft have any long-term plan to reduce that storage requirement at the node and/or supernode level?

This is common problem for all blockchains, not just a specific problem to GRAFT. The current short-term solution is merging recent Monero code which introduced a new method of proofs for confidential transactions - Bulletproof - which is supposed to reduce the blockchain size by 80%. https://web.stanford.edu/~buenz/pubs/bulletproofs.pdf https://monero.stackexchange.com/questions/6781/what-are-bulletproofs

Final Question
We appreciate your efforts to involve the community in the project, how would you like to improve this relationship over the next few months?

Thanks for this question. As a decentralized project, we have to really pull back on implementing roll-out and adoption plans for the network and rely on the community to take over and form their own geographic and industry clusters with their own promotion and business plans for the network. We will know that the network is thriving if there are initiatives, ideas, local governance, and business models that go well beyond what was envisioned by the founding team

OK - One last question
How does GRAFT handle void transaction? Is that similar to void transaction of Credit card's?

oid transactions are typically handled by the point of sale, before it even comes to the settlement. If payment is processed, some payment processors allow voiding such transaction. On blockchain it is impossible to reverse (void) a transaction after it is added to the transaction pool (even before it's added to the block), so RTA "void" should be replaced by refund (return) transaction.




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VNT Chain AMA - July 14

VNT Chain AMA - July 14
Welcome to the community of VNT Chain! We are the VNT Team and excited to announce that we are going to do monthly (or more often) AMA (Ask Me Anything) to listen and speak to our community members directly, on any topic! Each AMA will have its own main topic but any valuable topic or question not answered in the current AMA will be transferred to the next one.
We already had our first AMA on all our WeChat groups and Telegram channels, on July 14. Here’s a summary of the first AMA event.
VNT Chain Introduction
Powered by the worldwide leading blockchain service provider--Yunphant, VNT Chain is dedicated to build a global distributed smart value network, to provide efficient, friendly and low-cost services in finance, healthcare, supply chain, gaming etc.
Speaker Introduction
Dr. Huang Butian, co-founder of VNT Chain and founder of Yunphant Blockchain, founder of Blockchain Special Committee of China Computer Federation, got his PhD degree from Zhejiang University in Computer Science. Dr. Huang has raised more than 40 blockchain-related patent applications, ranked ninth in the global blockchain patents by 2017. He’s also the author of the book “Blockchain decryption – To build the next generation of internet based on trust”.
Q1:@Mo (Group 9) Please give us a brief introduction to the VNT Chain team.
A:
VNT Chain is powered by Yunphant. Yunphant was founded in 2014. It’s a senior member of hyperledger, focusing on blockchain service and product innovation. Yunphant has broad industry experience and use cases in blockchain infrastructure and services, is the first cross agency blockchain service provider of Chinese commercial banks, and the only one blockchain service provider for the key research program in the modern service industry of the Ministry of Science and Technology, China.
The team has made the below key achievements so far.
  1. In the 2016 ASC World Supercomputer Competition, team members received the highest computing performance award.
  2. The team has applied for more than 40 invention patents, placed No.9 on the global blockchain patents ranking as of 2017 and placed No.1 on the global blockchain patent innovation talents ranking.
  3. The team has won the second of the 2017 Lee Kuan Yew Global Business Competition Finals.
  4. On June 7, 2018, at the "15th Zhejiang Merchants (Investment and Financing) Conference and 2018 Digital Economy Summit", Yunphant Blockchain won “2018 Zhejiang Merchants Pre-Unicorn” Award issued by the independent evaluation of "Zheshang" Magazine.
  5. On June 9, 2018, Yunphant Blockchain was selected into the "2018 Hurun Blockchain Enterprise List" - the leading company Top20.
  6. Yunphant Blockchain had two case studies elaborated in the 2018 China Blockchain Industry White Paper which was released by the Information Center of the Ministry of Industry and Information Technology: The Industrial Bank blockchain anti-counterfeiting platform and Minsheng Bank's blockchain-based domestic credit certificate project.
The Yunphant Blockchain has established cooperative relationships with research institutions such as Zhejiang University, National University of Singapore, Shandong University, and Zhejiang Gongshang University in the fields of smart contracts, consensus algorithms, virtual machines, zero-knowledge proof, lightning networks, etc.
Q2:@此心光明(Group 9):The VNT Consortium Chain+ Public Chain solution is in fact goes against the decentralization of the blockchain in public opinions. How can VNT guarantee sufficient decentralization?
A:
The more appropriate way to express “decentralization” is “non-centralization”. Please refer the article “Blockchain: Building a Credit-Based Next Generation Internet”. The issue that blockchain solves is the problem of trust. It is meaningless to implement completed decentralization in some application scenarios. What we should concern about is the performance, security, and scalability of blockchain, so that it can better connect with the real economy, generating greater commercial value. VNT supports the scalability mainly by reducing participation in consensus groups, improving the efficiency of consensus algorithms and combining the technologies of consortium chain and side chain.
Q3: @琥珀川(Group 3):What are the advantages of Vortex's consensus mechanism? How to achieve TPS above 10,000? How does VNT improve the speed of the public chain without losing the level of consensus?
A:
The traditional Bitcoin and Ethereum are mainly based on POW, which reaches a consensus based on the workload of miners. But the biggest problem is the low efficiency. From the technical level, first, the optimization of consensus algorithms. A lot of optimizations have been made to the traditional PBFT. The transaction and consensus optimization are processed in 2 channels. The consensus message is processed first, and Replica cancels the whole network broadcast of the transaction, improving the consensus response speed and reducing the demand for network bandwidth.
Another strategy is hardware acceleration. All the super nodes need to build their own servers, which calls for cost in a certain server, and equip each node with the GPU to make hardware acceleration for the verification that involved in the consensus algorithm.
In the future, we will implement a system operation framework of consensus verification through FPGA to perform point-to-point connection by implementing TCP/IP protocol, and to use ARP, ICMP, DHCP-assisted TCP/IP protocol to interact with other FPGA nodes, shortening the TCP/IP stack and making the FPGA In the real network; At the same time, the data message is converted into a message format that satisfies the requirements of the consensus protocol, and then be transmitted and broadcasted. Other FPGA nodes will send the votes and feedbacks when they receive messages. This kind of technology can greatly improve the communication efficiency, especially for intensive computing services.
Q4: @金元宝(Group 8)As the pioneer of the financial application of blockchain technology both domestically and internationally, how do you think of the comparison between VNT and Ripple which is recently put forward by media agencies?
A:
It is true that Yunphant and Ripple are doing something similar. Ripple provides a global financial settlement solution that is dedicated to promoting the standard trading protocol common to all major banks around the world, replacing the swift network. Yunphant provides blockchain infrastructure services to establish distributed shared ledgers for commercial banks. At present, the credit certificate information and the electronic transmission system of trading documents based on blockchain technology have been constructed, which reduces the time of credit certificate transaction from 3-5 days to seconds. It can improve the acceptance efficiency of the credit certificate business and eliminate the cost of offline certification. Logistics, taxation, and the like can be incorporated in following up processes, solving the authenticity problems of trade background for banks.
Q5: 桐博博 (Group 10):The improvement of the blockchain is to improve the security of the system and reduce the operating cost of enterprises. The essence of the VNT Chain is the integration of the consortium chain and the public chain, which calls for a great amount of workload. However, the quantity standard on the public chain of every consortium chain may differ, and it will be a waste of resources of the public chain. And at the same time different standards can bring difficulties in code auditing, and it is more prone to security problems. My question is when it comes to the date docking on the public chain, can Dr. Huang provide any solutions?
A:
Well it’s a quite long question. Based on my understanding, you are asking what are the difficulties in implementation of “Public Chain+ Consortium Chain”?
https://preview.redd.it/bzlunw4fi7d11.png?width=452&format=png&auto=webp&s=2e1e19d6b9f477e84d1161d7f945471643d1f2c7
https://preview.redd.it/6q87egili7d11.png?width=1500&format=png&auto=webp&s=78c5fd072f2f493ae2cc1be36c084673639d6521
Note: 1. Ordinary contract will need to transfer data across the chain to the cross-chain contract; 2 Cross-chain nodes get cross-chain blocks from the cross-chain contract through rpc request; 3 Collect the block submitted to the verifier for verification; 4 Collect the block after submitting to the supervisor, and the certifier's behavior is supervised; 5 After the verification, the new block will be generated. 6 Side chain application transfers the cross-chain data.
It is indeed the technical integration of the consortium chain and the public chain, and the consistency of the data standards between consortium chains must be standardized. We are working with some banking institutions and trying to establish standards for financial district management of the commercial banking system.
The entire architecture involves a cross-chain mechanism, which is a technical difficulty for our current infrastructure. Here we have to resolve a cross-chain mechanism between the consortium chains, and the consortium chain and the public chain.
Q6: @Winter-tale (Group 5): According to my understanding, VNT Chain is to trade the assets or data on the consortium chain and then connect to the public chain through the cross-chain mechanism to realize the sale and purchase, which simply put is that to sell the assets or data of the organization to the c-end users? So my question is, will the assets and data of the organization be sold? Is one of the values ​​of VNT tokens used as a medium for buying or selling these assets or data?
A:
https://preview.redd.it/4d88u73ti7d11.png?width=553&format=png&auto=webp&s=89e993d773cccf0dc040b9fa5c7342612a3de9c2
VNT builds the exchange connector of data and asset. It is the infrastructure pipelines VNT Chain provide for the data and asset transactions among participating organizations. Therefore, VNT Token is not a medium for buying or selling data and asset, but a fuel GAS for trading contracts.
Q7:@爱嘻嘻(Group 3) What is the role of VNT tokens in the entire ecology? What is the economic incentive model for all parties including developers, miners, and investors?
A:
Incentives: Use VNT tokens to motivate community developers and contributing users;
Publish the app: Any individual or organization needs to pay VNT tokens to publish a decentralized application or smart contract on the VNT Chain network;
Circulating digital assets: Any user needs to pay VNT tokens to transfer assets on VNT Chain;
Consensus Reward: The Consensus Node can get VNT tokens from each transaction as a reward.
Q8:@山的那边(Group 10): Speaking of the financial sector, can you give an example of what kind of pain points does the VNT Chain solve? What kind of ecosystem will VNT Chain build in the future?
A:
This team “Designer” was hatched by us. The biggest problem in the financial sector is trust. VNT Chain hopes to build a global distributed smart value network to replace the traditional SWIFT network. At present, Yunphant Blockchain is cooperating with Minsheng Bank, China CITIC Bank, Suning Bank, Bank of China, etc. It is hoped that such a blockchain infrastructure will be built to lower the cost of credit certificate and improve the efficiency.
Despite of building infrastructure, VNT's ecosystem includes the establishment of a smart contract service platform (recently our incubation team Designer won the first place in the Thunder Global Blockchain Competition), the development of digital asset wallets, and game social networking. In addition, we have established joint research plans with Zhejiang University, National University of Singapore, Shandong University, Wuhan University and other universities to reserve the frontier technology research results of the blockchain. We will provide the greatest possibilities for the improvement of blockchain infrastructure! We are all working hard on the infrastructure construction and improvement of blockchain industry!
Q9: @funny (Group 1) Does the VNT under construct has a detailed plan for program implementation and application?
A:
We have completed the development of consortium chain, and we are now focusing on the development of the main chain and supplementary wallet, smart contract service platform, etc. In terms of program application, we are now gradually promoting the application of credit certificate and forfeiting for domestic commercial banks, and cooperating with some commercial organizations to promote the application of supply chain finance, and advancing some other business cooperation with local game manufactures in Hangzhou.
Q10: @Mo (Hangzhou): How does VNT think of the development and future of the global public chain, and what advantages does VNT have in current cooling-down market?
A:
I personally think that it the most advantageous technology should be the fusion of the consortium chain and the public chain. The synergy between on-chain and off- chain is an inevitable trend of management of infrastructure development in the future. Based on this, VNT is the first in the world to propose a fusion architecture of consortium chain + cross chain+ public chain, optimizing hardware acceleration through consensus algorithms to improve the performance of the main chain and supporting high scalability through consortium chain strategies. Through an architecture like this, the application problem of basic infrastructure can be solved. In addition, we have greater possibilities by the support from Yunphant Blockchain, especially the technology accumulation and application experiences.
https://preview.redd.it/jw44mdrzi7d11.png?width=553&format=png&auto=webp&s=769e5ac7c130063b04c2753f2e303049b6cb8041
submitted by VNTChainLabs to VNTChain [link] [comments]

Supply-side explanation for the rise in BTC to USD.

I don't generally like to speculate on why a market's short-term behavior is what it is; I usually feel like the answer is simply: "randomness."
HOWEVER, with all the recent discussion about demand for BTC skyrocketing (new services accepting bitcoin, more public awareness of it), I thought perhaps an analysis of things from the supply-side may be in order. Because, although I may be convinced there has been an increase in demand for bitcoin, I think a much stronger argument can be made for a decrease in the supply of bitcoin. And even if demand hasn't increased, a decrease in supply will still push the price up!
Okay. There are four ways somebody can procure bitcoin:
  1. Mine em.
  2. Steal em.
  3. Trade em.
  4. Buy em.
  5. Currently, mining is (relative to last year) impossible. Not only has the block reward halved, but with the final arrival of ASICs, CPU/GPU/FPGA mining is less feasible than ever. And yet, right at this moment, almost nobody can even get their hands on an ASIC! In the (distant?) future, when you can just buy an ASIC from a reputable seller and be confident it will arrive as described within a week, mining will likely be a better option than right now.
  6. Theft/scamming is always a great option for getting bitcoins! Unfortunately, we may currently be in a little bit of a trough in the "bitcoin suckers" department. It seems like there have been (again, relative to last year) fewer reported major thefts/hacks/scams resulting in large transfers of BTC wealth. Maybe the current base of bitcoin users have learned some hard lessons. Maybe the developers of BTC services have too. Maybe we're just lucky. I expect if bitcoin does start to achieve real MASS adoption there will be plenty more thefts, but we're not there at the moment.
  7. I'm of two minds about the market for selling things for (or bartering, borrowing, or begging for) bitcoins. On the one hand, with the recent run-up, I can see people being slightly more spendy (cashing in while the price is "high"), but I can even moreso see people holding on to them ("why spend bitcoins for something I can use a credit card/paypal for? Especially since I expect them to double every month... and I can't buy bitcoins with a credit card/paypal!"). Overall though, I think the faster the price increases, the LESS people are willing to part with them. Not to mention the difficulty in mining means fewer people are probably considering their BTC "found" money (and thereby less "attached" to it). I know I personally am not planning on spending any of mine near-term. Also, there are still very few good reasons (for somebody with a credit card) to spend bitcoins online for anything fully legal. And, if you're planning on starting an illicit drug/gambling site to get your hands on some bitcoins, it's probably slightly scarier with the shutdown of Intrade, and the moving of 80% of MtGox to the US... perhaps the "wild west"-iest phase of bitcoin is drawing to a close.
  8. So, the only option remaining to get bitcoins is to buy them. And the more people (coupled with the somewhat easier process via CoinBase and more account approvers at MtGox) throwing money at the supply of bitcoins on the exchanges, the higher that price goes.
Q.E.D.!
submitted by zhoujianfu to Bitcoin [link] [comments]

[Table] IAmA: My name is Ryan Ackroyd and back in 2011 I was arrested for my part in the groups know as Lulz Security (LulzSec), Anonymous and Operation Anti Security (#AntiSec). I am LulzSec, AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-04-03
Link to submission (Has self-text)
Questions Answers
What was it like being raided? GAME OVER PLEASE INSERT COINS.
Do you have any regrets about your involvement with those groups? Snowden, hero or villain? Why? There's no point regretting anything because you cannot undo the past. I heard about Snowden in prison, came on the news but I only know what the news has been telling me. I will look more in to it, he's got balls I can tell you that and I admire a good set of balls.
Really? Good set of balls? Are we not doing phrasing anymore? Yes really.
Any advice on learning how to program? I'm struggling with Python at the moment. You don't learn how to program, you learn how use a programming language, programming is what you do with that information. Read lots of examples of source code, see if you can work out whats going on. Don't just copy/paste the examples, write them word for word no matter how long they are. Not only will it help understand what it is doing better you may also learn a few tricks.
That's deep man. Thanks for the advice. No problem.
You don't learn how to program, you learn how use a programming language. Damn, pretty sweet quote there. It's also true.
How did you get started 'hacking'? I first started back in 1998 I mostly used to hack PC games, hex editing, binary reverse engineering stuff. Then I learned how to use C and assembly and it just went from there.
What do you recommend for someone that's interested in hacking(in terms of learning it)? Hacking is the art of reverse engineering, before you can reverse engineer something you need to have an in depth knowledge of it.
What are your thoughts on mass surveillance? Any advice for the masses? It's been going on longer than you or I have existed. Strong encryption is the key.
Ever considered a job with the NSA? GCHQ? I don't think I would pass the security clearance now anyways. I am x military though so who knows.
I am surprised you are allowed to use computers or the internet at all now considering some of the parole conditions of many American hackers. Can you talk about some of the restrictions in the SCPO and why you feel they are unfair? Basically it prevents me from using encryption that allows hidden volumes, virtual machines and I cannot delete my internet history. It lasts for 5 years and each breach of the order can be punishable up to 5 years.
It's not a case of them being fair or unfair. I can't go too in to detail about it if I want to take it back to court, I just want to challenge it, plus I like to keep my cards close to my chest.
So would say firefox's private browsing mode be against the rules? I don't think so, I'd have to check the src of firefox to determine if it deletes the history in private mode or if it simply does not record it in anyway. The order says "Not to delete".
So if you just image a fresh install of your variety of os(debian?) everyday would that break your parole? I could just boot live OS and not be in breach.
Is that what you do? I used to, remember slax?
Are you proud of the sacrifices you made in your lifetime? Yes I am, I never look back I just move forward in to the future hoping to find peace and happiness.
Did you meet anyone interesting in prison? There's some funny characters in prison I can tell you that, made friends for life. Most of the people in there were in there for fraud, drugs, gang stuff. I never met any famous prisoners if that's what you mean? Then again everyone's story in prison is interesting.
What is the best way to protect your digital identity, and secure your privacy? Since you have experience exploiting these vulnerabilities, what do you suggest to prevent it? Strong encryption, limit the amount of personal information you place on the internet, don't draw attention, only use a sandboxed browser and tunnel your HTTPS through SSH using the highest of encryption, PGP mail for every mail, don't store encryption keys on your computer, full disk encryption and/or hidden OS, use different emails for your banking, paypal etc, Mak3p4$5w0rdZ!nCr3d!b4LlYsTr0nG, uninstall flash use Link to youtube.com instead etc, etc...
Thanks for your answer. I am not worried about personal use, I am more worried about enterprise and or security systems. preventing people from hacking my companies website, and social media accounts. I have to keep in compliance with the financial standards, so we use PGP, and Erado, for archiving and encryption. It is just nice to get the perspective what is an easy target, what would you consider a difficult target not worth pursuing? I could write a book to answer this...
Security isn't something you can just apply it's an on going process and in most cases you are relying on products sold to you on a trust basis. You're told that Antivirus software will stop you getting a virus but what you're not told is that Antivirus software only protects you against what is known, takes less than an hour to write a new piece of malware or backdoor that your AV will never detect.
People put too much faith in to security systems without understanding how they work, their capabilities or limitations.
There's no need to be "pentested" it's a right con, they only test you against old exploits, if you update regular then you're already safe.
Use 2 factor authentication and/or strong password policy, prevent users creating the own password (they will only make them simpler)
Just make your data worthless to a hacker by encrypting it.
Insightful, thank you. I know it's a vague question, but you just confirmed my intuition. Thanks for your honest answers. No problem.
Was it worth going to prison? Nothing is worth going to prison for. Yeah they are happy I am back and I am happy to see them again. It was ~100GBP for my parents to come and visit me in prison, I was a long way from home. I told them not to waste their money because the visit only lasts 2 hours.
How is your family treating you, are they happy to have you back? Did they visit you in prison? I am x military I am used to being away from home for long periods of time. It also makes time fly faster when you're not constantly reminded about home. If you don't know what you are missing then you don't miss much.
I've never been to prison, but I lost about 8 years of my life due to bad medical advice. I used to be angry-- I was thinking why wasn't it only 2 years-- why did it have to be such a complete waste of so many years? Would that have happened if it had been only 2 years instead of 8? I don't think so. Sometimes, events like that helps to put things in to perspective. We often don't think about our lives on a day to day basis but when something out of the "norm" happens it makes us think that little more.
What do you think about bitcoin? where will it be in 10 years? I think it's great, scrypt coin too! I think they will get heavily regulated soon though. I had 78 bitcoins backed up on a SDHC before I was sent to prison. Back then they were worth ~$40 each. Come out of jail and I can't find that shit anywhere lol.
The only problem is even if I do find it, it's encrypted with keys that are on the computer the police confiscated and I can't get back.
I know right?
Sue them. They stole you $ 78k. It's killing me!
If they've not destroyed your computer or had a seize order against it then you can get back things like that. Ask your lawyer. They seized it in court, I can however apply "for a copy of evidence" under UK law and they would have to give me a copy of the HDD.
Do this. Those bitcoins won't last. How long untill they are orphaned? It's been ~3 years already.
No idea. I meant they won't last as a concept (especially not at that value). Wow, only just seen it but they peaked at ~$1000? Feels bad man.
Exactly - since then the Chinese and Russians have banned it, and you can only consider it's a downward spiral from there. I wonder how long it will last here in the west, I'm surprised it hasn't already been regulated the tax man must be pissed!
I think there are also more constructive uses for mining, I mentioned this on twitter also. See there are a lot of cancer researchers and scientists that have HUGE amounts of data that needs to be mined to help cure diseases and solve the worlds problems.
The world hash rate for crypto coins is more powerful than most of the worlds super computers combined. Cancer researchers should give coins for mining cancer research data instead of wasting time generating meaningless hashes.
Do you like sporks? Yes, I do, do you?
Hey man we are asking YOU the questions here. Leave the interrogations to us the professionals. Ok bro.
Ex Army eh? Signals? or Tech in REME? I was in the Infantry.
So how were you ID'd for arrest? I fucked up, I've already explained it on here, lurk moar.
Just curious, do you think big brother is reading this ama real time or at all? They will be on this like flies round shit.
Where does/did LulzSec congregate? What is the education background of a typical member, or from where did you learn to do what you can do? We had our own private IRCD and encrypted silc servers, also channels on public servers. I am completely self taught, I have been at it since 1998.
Isn't the true "lulzy" part of this that you guys bugged some people and mocked their security and then ended up getting busted and going to prison while the companies you annoyed made their security better? That's pretty lulzy to me. What I find lulzy is the fact they were all vulnerable to webapp vulnerabilites and don't use PGP.
Wasn't LulzSec responsible for the major Sony Online Entertainment security breach? I know you wanted to retaliate because SONY was suing George Holtz for the PS3 jailbreaking thing he did, but the only thing that happened is that you inconvenienced the people. Basically I am asking. Why did you ruin all those accounts, which lead to people having their credit cards stolen, instead of just attacking SONY directly. Also, how many accounts were compromised? LulzSec says 1000, SONY says ~4000. LulzSec had nothing to do with the PSN breach, fact.
Do you suspect who was responsible? (group name, not actual name) Honestly, no Idea there is too much internet rumor and no one has officially come forward to claim it. I read some people in Spain were arrested and questioned in relation to the PSN breach but that still doesn't mean it was them.
What are your political views? I don't really have any political views, however I would like to see the rest of the world get a chance to sample democracy and be free from oppressive dictatorships (no naming names).
At first welcome back. So here an total haxolulz/past unrelated question what kind of music do you like? I like Hard Dance music, Hard Trance/Hard House.
Fuck yeah! Trance and House all the way. I used to have a set of Technics 1210 Mk2 and mix like mad when I was younger, still got some of the vinyl haha.
Hackers soundtrack, orbitals by halicon. Not hard but one of my favorites. Thanks I'll check this out. The LuLzSec hacker song by ytcracker is the ONLY hacker song haha.Link to www.youtube.com
Who is your favorite Trance artist? Ever been to any festivals? Tidy boys, nothing but. Their events are awesome, youtube "Tidy weekender"
How came you guys got the cia down? It was hit with a 100,000 node botnet.
What does this mean in layman's terms? 100,000 computers were used to send ALOT of data to the server causing it crash.
That's as simple as it gets.
Any advice for aspiring hacktivists? Trust no one.
Still on 4chan? fav boards? Rules 1&2 always apply.
Hate to break it to you bro, but 4chan is just full of kids now. The rules of the internet have somewhat faded since you left the intertubes in 2011 :( consequences will never be the same again. Ebaums world has been dead a longtime because people broke 1&2
What's your opinion on the book by Parmy Olson? I think I recall she said she talked to you by chat, but how accurate was what eventually made it into the book? I lost the book before I could read it all so I don't know...
What do you think your job prospects are now with the conviction hanging over your head? Not too good! I'm on my arse at the minuet, I'll do any job!
Any job? ( ͡° ͜ʖ ͡°) Allmost...
Write a book. Is it really needed?
Not needed per se. But you can tell an autobiographical perspective that nobody else can. The story lulz & Anon supporters would want to hear. Obviously not a 'tell all' but a 'tell most'? Yeah I get what you mean.
Was there a time before you were caught that you were worried or thought the authorities might have a clue as to your real identity? I knew I was going to get caught, I fucked up.
Did you have a backup plan? There was no backup plan but I realized the mistake early and acted accordingly! No I do not own guns, they're a lot more restricted here in the UK.
Are you still in touch with Jason? Saw he went to prison recently, I actually went to HS with him. How long did he get?
Jeremy, not Jason. Twins. Yeah, I think he got 10 years or something like that? I've not heard anything from him since I got out, hope he is ok.
I look up to you on how you managed to convince everyone you're a girl, smart and funny thing at the same time. Really I look up to you like a celebrity, hah. Maintaining a strong persona such as kayla and doing what I did wasn't easy. If I could go back in time I wouldn't change anything, I'd just keep going back in time to relive it over and over again. Nothing is worth prison time, it's a waste of life however I did manage to get some qualifications out of it. Not many people can say they left prison with a diploma for the thing they went in for.
If you could go back in time, before the creation of Lulzsec, what would you do differently? Also, was Lulzsec's missions worth the prison time? Where did you learn social engineering, and hacking? I learned to do what I do from programming, it is simply reverse engineering.
Thank you for your answer. What do you think about the Syrian Electronic Army, their methods of attacks, and their meaning? I honestly believe they are state sponsored (possibly not from the beginning) but I do believe they are the people Assad is turning to. As for their methods I don't even know what methods they are using, I'll read in to it though, I'm fresh out of prison and most of what they have done was done while I had no internet access. I've been banned from the internet since 2011.
That they are, got many of Advanced Replacements on products. If you had to choose between, Windows or OSX which would you choose. I'd choose Windows, I'm not a fan of OSX.
This is probably the longest I've ever seen someone take questions in an AMA. Thank you for dedicating so much time to answering people's questions. No problem I enjoy answering questions and I will be here until the questions dry up.
How did it feel being able to get behind a computer for a first time in 2+ years? Did you build a rig to re-live the novelty or do anything particularly special? Porn, me thinks. I was able to use computers in prison. I was given a job as a class room assistant helping teach people about computers, basic things. I also managed to complete a number of computer related qualifications and gained a diploma. Seeing the internet after 2+ years was kind of strange though. The internet looks a lot different now compared to how it did in 2011. To be honest I don't like it, it has that "iphone look" to it all, big buttons and lots of unneeded JS. I wish I could build a rig I just do not have the money to do so. Hopefully soon I will find a nice job and maybe then I will build one.
Did you have internet in jail? No they do not allow internet in UK prisons.
Do you think access to the internet should be a human right? When will it be? Yes it should be and I am sure it is already so!
Here you go Link to www.wired.co.uk
My question: Did you ever have any suspicions about Sabu? At any point did you guys think, Something is up with this dude? Everyone had suspicions about everyone, things were being patched, rootkits disappearing, logs being leaked etc..
Was prison anything like you had expected it to be? Better than I thought it would be, I had most prison movies flashing in my head on the way there from court but it's nothing like that.
Could you elaborate more on what it's like please? Once I got to prison I realized it's nothing like the movies. Because it was all over the news when I was sentenced everyone in the jail knew who I was and what I was in for. I've made some good friends out it, people I am going to meet again once they are free. No one was ever violent towards me, you don't give any attitude you don't get any attitude. I did see some people get fucked up in there, mostly starts over something really silly, like a game of pool.
How did you pass the time? I used to pass the time playing chess with my cell mate or by watching all crazy people in there.
Did you personally encounter much violence in the prison? Or is it easy enough to stay away from it if you don't rock the boat or whatever? Well, most of the prison movies I have seen all show people stood at the bars, big guys growling "mmm fresh meat" and everyone getting stabbed up every 2 minuets. When you've never been to prison before you can't help but think back to every movie you've seen about prison.
When do you think the govt will evolve enough to have guys like you helping to grow our society? Right now it seeks to hunt you down...terrible waste of resources imo It is, there's a lot of talent rotting away in the prison system.
Administrations that in one breath expresses the need for engineers of digital space and then issues the order to capture the very people with such talents. Edit: its been many administrations haha :*( And many more to come!
Its wishful thinking but i hope that the economic imperative will win out as we progress to what can be depicted best by the Type I civilization coined by popular theoretical physicist Michio Kaku. Things need to change, that's for sure.
Is Milhouse a meme? Milhouse was the best meme!!
Do you like Wheatus? No, Wheatus sucks.
How do they ? Well I just like to suck wheats thats all.
What do you think - in Wrestlemania '98, did Mike Tyson get punched in the cock? Never watched it back then, I hope so!
Are you now like Gavin Orsay (Jimmi Simpson) on House of Cards? Never watched it, only just got out of prison I've heard a lot about that series, I'll look in to it.
Gavin in House of Cards has a guinea pig. Reminded me of "Noodles". :3. Hahaha.
the character Gavin is this hacker and there's a scene where he tells his FBI handler that they have to drop charges against Barrett Brown. Link to www.youtube.com Really?
Indeed. And check out who advised on the new season of HoC :3. Link to www.theguardian.com. HAHAHAHAHA.
Do they let you have PlayStation in British prisons? Link to www.dailymail.co.uk. They do if you buy the PlayStation.
What did you have in your cell? TV, Kettle, Radio, Bed, locker and that's it... I wasn't bothered about a play station, just used to play a lot of chess and poker.
What sort of people did you meet in association with the hacking groups? What kind of people are hackers? Out of everyone I have met there are only a small handful of people that I would put in to the "reverse engineehacker" bracket. Lots of people who know how to use exploits, not many who know how and why they work or are able to write their own, truly is a dieing art.
Do you ever think about trying to get hired for security for websites or for government computers or something along those lines? Again it's probably a trust issue...
Personally, I was very stupid and didn't really care about the ease with which personal information can spread, and didn't know how widespread NSA surveillance was. Given that a lot of stuff is out there already, if someone wanted to take the time to look at it, do you have any advice as to how to minimize the damage? Strong encryption is the key but to be honest, Internet Service Providers should be doing more to protect it's customers privacy, they should allow AES256 pipes for every customer as standard.
Many (fairly intelligent) people I talk to agree that they are concerned about surveillance and privacy on the internet, but they're resistant to try and use encryption or anything because they have it in their heads that only supergeniuses can understand computers like that. Do you have any suggestions for introducing these concepts to slightly technophobic people? I think encryption needs to be simplified for the regular user. It can get a bit confusing if you have never used it before or understand it's significance.
Also, wanted to thank you for your advice to the person below asking about how to learn programming. I know a little introductory Python, but I never really knew how to go from there to creating and understanding a whole big project. Programming languages too, learning new things is never easy, it's about determination and the will to succeed. The best way to learn is to read lots of source code and try to work out what is going on, maybe you could even improve on it?
How did you learn to hack? From learning to program.
Hacking is reverse engineering, it's an in depth knowledge of the underlying system/code/hardware/technology and the ability to take it apart piece by piece and reassemble it in to something else.
How long did it take you to become a proficient programmer? How did you learn? How long did it take you to become a proficient reverse engineer? How did you learn? I just learned from doing, trial and error. If there was something that I did not understand I would just research it, it sometimes helps to read it from more than one source. I used to just read lots of examples and try to make sense of them, if I found something new or something I did not understand I would research it.
As for time, I am unsure... I am still learning now, it is an on going process. All I can say is learn the basics and be creative, if there's something you do not understand research it, google always has the answer.
Have you only just got out of prison? I have been out a few weeks but I have only been on the internet a few days now.
Ever hear from anyone in that channel? Just one, those times are sadly gone.
When you got V&, they said two men where arrested for using the Kayla alias in some media. What happened there? The other person was my brother, they were unsure if it was him or me.
Ahh, You're poor brother... what happened when you got raided, how many people, where did they take you? I was home alone, they arrested me and took me to the police station for questioning. They told me during questioning that they had also been to arrest my brother.
Is human body very good build pc with very cheap soft?If it's so easy to exploit:( No it's a design prone to failure.
I want to learn Python 3. Codecademy is Python 2 (like all good tutorials...they seem to be for 2). Thanks for the links. I'll look into them. At the minuet I am going over logic, reading into some Verilog and other HDL because I want to experiment with some Field Programmable Gate Arrays (FPGA).
Hey its Kayla! Hahaha.
Hey thanks for the advice in the thread . I'll definitely use that on my quest to getting my Computer science thread and furthering my programming language knowledge ! No problem.
Kayla, I just want to say thank you. Haha no problem.
Meanwhile, while you were in prison our gov't set up a fake twitter type service in Cuba with the intent of helping topple the Cuban gov't. -_- I'd like to see how you have come to this conclusion? Or is it official and that is it's official purpose?
I just find it ironic that while prosecuting with one hand the other is going to extreme lengths to topple a government with social media. It's usually the case.
You should try this at /netsec. Possibly, no way to link them over? I'll admit it, this is the first time I've ever used or been to reddit.
They would probably have a few more knowledgeable comments and questions. Doesn't seem like any of them took the bait!
Yea, go to /netsec and create a new post, and make it a link (to the url of this thread). Make the title basically the same, but bring up the fact that it's an xpost. Thanks, I'll do this after I've made a coffee!
My question: why didn't you guys get ahead of the game by targeting Google. They're the resident evil today. Care to explain?
I think he meant Umbrella Corp. They have their hands in everything, and are mercilessly expanding. Fist umbrella fuck with zombies, now google!
#tr0ll. Hahaha, I'd like to believe it but...
Last updated: 2014-04-07 22:43 UTC
This post was generated by a robot! Send all complaints to epsy.
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