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#decentralize everything – @tuckfheman on Tumblr
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Tuck Fheman : Decentralized Blockchain Technology & Doom Updates

@tuckfheman / tuckfheman.tumblr.com

A cadre of autodidactic multi diverse personalities decentralizing teh world.
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It’s fun but ...

We’ll be glad when the “Wild West” days of cryptocurrency are behind us. We’d still like to be able to visit the Wild West ... whenever we got the itch, but when it comes to exchanges, we don’t like to play games with people who like to rig the games ... and all the games are rigged.

We don’t want every single day of our lives to feel like ... we’ve just handed a few hundred dollars to someone and we’re not sure if we will ever see them again. We don’t even care if we’re playing on an even field most times, we’re expecting the odds to be against us going in, but we still expect to win.

And that’s exactly what it’s like when dealing with centralized cryptocurrency exchanges. We’re all taking a big risk right now, hoping for the big payoffs, sooner or later. The longer someone’s willing to wait, the bigger the payoff (usually) and the bigger the risk.

However, even when attempting to make a small percentage gain with quick moves, you can get burned by these centralized exchanges. Sooner or later, those of us placing a lot of medium sized orders on centralized exchanges, getting on and off the exchange as fast as possible, with a sum of crypto just enough to make a nice profit from yet not enough to threaten your roll if lost ... stolen, “stolen”, hacked, “hacked” or scammed away ... will have exactly that happen.

Large projects like BitShares, MaidSafe or PeerTracks and smaller one’s like Qora and CIYAM are all doing their part to decentralize the way we all interact with each other and with our money. Each of them are playing a part in taking control, from centralized groups, of the internet, the financial services industry and the music industry and placing each individual in control.

By using decentralized blockchain technology, “blockchain-less” consensus mechanisms, smart contracts, smartchains, smartcoins, bitAssets, atomic cross-chain transactions and more, they will offer individuals the ability to take control of the privacy and security of their own finances and a global system of interconnected computer networks.

There are many other projects out there attempting this same goal. We have listed the projects we have researched, some for years, and determined we would support these projects. Do your own research, but please get behind any project that is attempting to decentralize the way individual’s interact in their personal and business lives.

Decentralize everything!

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Charles Hoskinson talks about Ethereum, Bitcoin (and BitShares) and how to decentralize everything

Charles talks about why he joined and left Ethereum. There was a difference of opinion about having a profit or non-profit hybrid structure. Also Charles doesn’t agree with some of the tech decisions. He also elaborates on his departure at Invictus Innovations, known for Bitshares. Furthermore we talk about Charles’s lack at main bitcoin conferences. He does speak at a lot of meetups, like in Japan. Charles is not a bitcoin maximist. We talk about identity systems, smart contracts and enforcements.  Mainstream media in Japan is still recovering from Mt. Gox. His new project will involve oracles and smart contracts focused on Asian countries, based on Ripple and maybe other technologies. Charles also shares his concerns on bitcoin, for example with regards to the consensus mechanism. Also he talks about the distribution and the lack of incentive for data relay. Finally we talk about private law, other protocols like nubits and much more. We also address bank and ex-bankers’ involvement in the space. Charles speaks extensively about how to decentralize everything, using a fictional character Ahmed Khan, living in Afghanistan.

Links

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Just before last New Year’s, 19-year-old Vitalik Buterin, a Canadian college dropout and Bitcoin enthusiast, had an idea. By the end of last week, that idea had attracted more than $5 million in the first week of its pre-sale — a new kind of crowdfunding that crypto-currency makes possible. Not bad, especially considering that nobody knows whether the idea will really work.
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At the same time of the second police operation against the centralized Darkmarkets under Tor, we had big important releases of the new generation darkmarkets, Openbazaar and NXT FreeMarket.

Disclosure : We own shares in FreeMarket (and didn't even know until recently, thanks jl777!).

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Gary Sharma, founder of GarysGuide: A mega-trend is brewing that could make bureaucratic hierarchies, middlemen and gatekeepers everywhere obsolete including social networks, banks, stock exchanges, electronic voting systems and even governments. It’s called decentralized computing, and it could fundamentally transform the way we connect to and exchange value on the Internet. There are three technologies that will form the foundation of the decentralized computing stack -- mesh networks (decentralized networking), block chain (decentralized transactions) and autonomous agents (decentralized decision making). ...
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The concept of “net neutrality” is not an easy one to wrap your head around. Particularly if you aren’t an expert in how the internet works and if you don’t work for an ISP (internet service provider). In fact, I think that lobbyists and special interest groups make the concept intentionally difficult and convoluted so that the average person’s eyes glaze over and they move on to the next topic. I am by no means an expert in this area; however, in this post I will try to explain in as simple terms as possible what “net neutrality” means and what is at risk with the latest FCC proposal. I also highlight a wide variety of articles on the subject, so I hope this post can serve as a one-stop-shop on the issue.
[Full Article]

Yet another reason why everyone should support projects like Maidsafe.

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“You can avoid reality, but you cannot avoid the consequences of avoiding reality.” Ayn Rand Sometimes our greatest strengths are also our greatest weaknesses.  In the case of Bitcoin, the decentralized nature of the network plays to both sides, creating great freedoms, which in turn create great opportunities for rogue players. [...]
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