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Sep 4 AMA SUMMARY - GILBERT VERDIAN, QUANT FOUNDER & CEO
GIL: Hi All, got about 15mins and thought to drop by.
GIL: Thank you all for the complements regarding the Forbes article. Got even more recognition from Linkedin, with clients, colleagues and supporters from large companies and governments all of the world. We're very lucky to be surrounded by such wonderful people.
Q: How are things progressing with SIA?
GIL: SIA's going very well and new announcements are coming shortly. All the stakeholders involved are very pleased with the progress and what has been accomplished.
Q: Hi Gilbert, congratulations on the Forbes piece! That was a nice update given all the fud the days before, I'm sure you read about 😉
GIL: Yes we get a lot of fud unfortunately and are dealing with it. Our clients and partners don't follow what is said on platforms such as 4chan and youtube, they only look at coprorate channels like Gartner, Forbes, FT etc.
Q: How is the team expansion going? And US plans?
GIL: We have Luke Riley who's heading up Quant Labs that has joined us this week and a new Lead Solutions Engineer starting in September. We're making public announcements on these
Q: Hi Gil, can you give us an update on any progression within health in the UK?
GIL: We're working with 2 Health departments which are not in the UK and now in the early discussions with a very large Health provider in the US
Q: Will there be an official announcement regarding HCL as it was with SIA?
GIL: Yes when we sign and announce partnerships it will be publicised. We are currently working with 2 of the Big 4 global consultancy firms who are taking our technology to their clients.
Q: re: health you've mentioned a consortium.... is that related to the 2 health departments you just mentioned or a seperate thing?
GIL: Yes
Q: Gilbert anything you can share us UUT related?
GIL: We're working on this. There will be expanded use of the QNT token related to gateways and providing enterprise and the community to the opportunity to be part of the network.
Q: You had mentioned previously the team had been working with Binance for months - is there something further to come beyond the connector integration?
GIL: We've delivered the binance connector as we promised and on time. This allows our institutional and enteprise clients to create multichain applications and use cases from their private permissioned networks to public blockchains like binance chain for the first time. We're bridging the traditional financial world with the new decentralised financial infrastructure for the first time. We are working with banks in the US that are doing this with us.
Q: Will we be seeing more public testnets added to the community SDK anytime soon?
GIL: Yes new ones coming this month plus mainnets. Enabling hyper-decentralisation across private permissioned and public permissionless blockchains.
Q: Will the capital raise be private or public?
GIL: Can't comment on this as yet we're exploring our options
Q: A word on the $10million revenue from the forbes article? I assume it is comprised from multiple sources besides licenses.
GIL: Yes.
Q: Hi Gil any comments on simbachain?
GIL: We have a call with them today to collaborate on the US Air Force engagement and deliver our technology to the military
Q: Any new updates on the hyperledger quilt reboot? And is colin still apart of that?
GIL: Haven't got an update, we're working with Quilt and are a Hyperledger member.
Q: Hiya Gilbert, any updates on the teams involvement with MOBI?
GIL: Yes, we've been asked to respond to an interoperability use case and RFP which we're happy to do
Q: Any comment on recent departures?
GIL: Yes, people come and go and we have new people who've joined, like any other company.
Q: Its been a pretty busy 2019 for you and the team so far.. how do you reflect on the past 9 months and what you've achieved?
GIL: We've delivered one of the biggest, or the
biggest blockchain implementation in financial services in the world solving interoperability at scale covering financial infrastructure. Now we're focusing on capital markets and tokenisation of securitites and digital assets in a trillion dollar market. We're very exciting with the clients and partners we have and the new work we're doing. We're now responding to new client requests, one of them being the European Space Agency and also Government, we met the FCA and also HMRC.
Q: Hi Gilbert , any plans to bring your technology to your NSW Health friends ?
GIL: Watch this space, something brewing in the Australian Government
Q: CVS Health is #1 pharmacy brand in USA with a humongous customer base? Any chances they can use Overledger
GIL: We are speaking to other large health providers in the US at a similar scale, using what we've already done in Healthcare and applying it to the US market
Q: Hi Gil 🙂 there has been some confusion about this: will Quant be listed on traditional exchanges this year or is it an idea to be evaluated in the future?
GIL: I said that digital assets will be listed on traditional exchanges by the end of the year. We're already seeing the adoption of this with SIX SDX in Europe and others in the US. We're working with AX to bring more digital assets to 800 institutional traders in an already live and connected and FINRA & SEC regulated exchange. If this isn't adoption by Wall St, I dont' know what else is!
Q: How big is the Total Addressable Market (TAM) that Quant/Overledger can serve..
GIL: Well, when you have finanical infrastructure and capital markets infrastructure globally that is powered by QNT, it's the entire financial system globally. Plus central banks now getting into this space with CBDC.
Q: Hopefully teir 1 soon for the volume thats going to be required
GIL: Let's all please stop the constant when exchange requests. We've heard you, we understand your concerns and are dealing with it. Our focus is to deliver our technology, onboard clients and drive value and mass adoption which is all reliant on QNT, in line with our utility token model and approach.
Q: Do you think Carney's recent idea about the sintethic hegemony currency is feasible?
GIL: Yes, I worked at the Bank of England. They have been working on this for quite a while, so are other central banks. I even had a call with another central bank this morning
Q: Great progress👍🏻 Are the clients already "locking in" quant token for license?
GIL: Yes, there are now around 300 registered organisations in our developer portal that are using Overledger and QNT and these *do* include multiple global banks.
Q: Hi Gilbert, are you still in touch with Cisco about potential Overledger integration?
GIL: We're taking another approach which has wider use and access than Cisco
Q: Is the growth curve getting more vertical or is it a stable increase
GIL: We've seen an increase from steady organic growth to more clients engaging us directly now. Thanks to the recognitions in Gartner, Oracle and our partners.
We're expecting more new leads as Oracle's financial services team is taking Overledger to Oracle's clients directly. They have 480,000 clients globally and now are co-marketing with Oracle at Sibos in a couple of weeks. Where we are meeting existing financial services and banking clients and will be introduced to new ones.
Q: Wasn't there talk about a 4 bn company located in asia?
GIL: $8B - that was HCL
Q: Does quant have any involvement with Australian open banking through data61 etc
GIL: Yes, we're help shape the policy to Consumer Data Rights (open banking) which Data61 are also involved.
Q: Mr V, would love to see you have another chat with Brad Laurie.
GIL: It's on the cards
Q: When will client token lockup start to make demand impact price any way for us to see how many are locked?
GIL: The more clients that use Overledger through licensing and transaction fees paid by QNT the more QNT is used.
Q: Are you working on Qnt staking?
GIL: We're working on the Overledger gateways. More coming on this.
Q: There will be a dashboard later, No ETA
GIL: I've said, we already have the first versions of the dashboard in the developer portal. We'll evolve this as we progress
Q: I'm overloaded gil cheers what a suprise. That current market cap tho 🤭
GIL: Our focus is our clients and using our technology by real world usage and adoption. This will naturally be reflected in the market cap. We're not a cryptocurrency or a company that wants to be bitcoin. We're here to rearchitect and implement the new financial infrastructure to bring about mass adoption of blockchain and hyper-decentralisation to benefit people. The last time this opportunity came about was in the 1960's when we moved to electronic financial systems.
Q: Hey Gil, any chance we could have a more organised reddit AMA?
GIL: You know, our clients don't value any of the Reddit chatter in /cc or others. Our clients simply don't read it and don't know about it. If we are on reddit or a similar platform or not, it doesn't matter to them. Actually it doesn't matter to us either
GIL: Sorry have to drop off, have a call with the CTO of one of the Big 4 consultancies now.
submitted by robis87 to QuantNetwork [link] [comments]
What is Quant Networks Blockchain Operating System, Overledger? And why are Enterprises adopting it at mass scale?
Overledger is the world's first blockchain operating system (OS) that not only inter-connects blockchains but also existing enterprise platforms, applications and networks to blockchain and facilitates the creation of internet scale multi-chain applications otherwise known as mApps.
In less than 10 months since launching Overledger they have provided interoperability with the full range of DLT technologies from all the leading Enterprise Permissioned blockchains such as Hyperledger, R3's Corda, JP Morgan's Quorum, permissioned variants of Ethereum and Ripple (XRPL) as well as the leading Public Permissionless blockchains / DAGs such as Bitcoin, Stellar, Ethereum, IOTA and EOS as well as the most recent blockchain to get added Binance Chain. In addition, Overledger also connects to Existing Networks / Off Chain / Oracle functionality and it does all of this in a way that is hugely scalable, without imposing restrictions / requiring blockchains to fork their code and can easily integrate into existing applications / networks by just adding 3 lines of code.
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What is a blockchain Operating system?
You will be familiar with Operating systems such as Microsoft Windows, Apple Mac OS, Google's Android etc but these are all Hardware based Operating Systems. Hardware based Operating Systems provide a platform to build and use applications that abstracts all of the complexities involved with integrating with all the hardware resources such as CPU, Memory, Storage, Mouse, Keyboard, Video etc so software can easily integrate with it. It provides interoperability between the Hardware devices and Software.
Overledger is a Blockchain Operating System, it provides a platform to build and use applications that abstracts all of the complexities involved with integrating with all the different blockchains, different OP_Codes being used, messaging formats etc as well as connecting to existing non-blockchain networks. It provides interoperability between Blockchains, Existing Networks and Software / MAPPs
How is Overledger different to other interoperability projects?
Other projects are trying to achieve interoperability by adding another blockchain on top of existing blockchains. This adds a lot of overhead, complexity, and technical risk. There are a few variants but essentially they either need to create custom connectors for each connected blockchain and / or require connected chains to fork their code to enable interoperability. An example of the process can be seen below:
User sends transaction to a multi sig contract on Blockchain A, wait for consensus to be reached on Blockchain A
A custom connector consisting of Off Chain Relay Nodes are monitoring transactions sent to the smart contract on Blockchain A. Once they see the transaction, they then sign a transaction on the Interoperability blockchain as proof the event has happened on Blockchain A.
Wait for consensus to be reached on the Interoperability Blockchain.
The DAPP running on the Interoperability Blockchain is then updated with the info about the transaction occurring on Blockchain A and then signs a transaction on the Interoperability blockchain to a multi sig contract on the Interoperability Blockchain.
A different custom connector consisting of Off Chain Relay Nodes are monitoring transactions sent to the Smart Contract on the Interoperability Blockchain which are destined for Blockchain B. Once they see the transaction, they sign a transaction on Blockchain B. Wait for consensus to be reached on Blockchain B.
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Other solutions require every connecting blockchain to fork their code and implement their Interoperability protocol. This means the same type of connector can be used instead of a custom one for every blockchain however every connected blockchain has to fork their code to implement the protocol. This enforces a lot of restrictions on what the connected blockchains can implement going forward.
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Some problems with these methods:
They add a lot of Overhead / Latency. Rather than just having the consensus of Blockchain A and B, you add the consensus mechanism of the Interoperability Blockchain as well.
Decentralisation / transaction security is reduced. If Blockchain A and Blockchain B each have 1,000 nodes validating transactions, yet the Interoperability Blockchain only has 100 nodes then you have reduced the security of the transaction from being validated by 1000 to validated by 100.
Security of the Interoperability Blockchain must be greater than the sum of all transactions going through it. JP Morgan transfer $6 Trillion every day, if they move that onto blockchain and need interoperability between two Permissioned blockchains that have to connect via a public Interoperability blockchain, then it would always have to be more costly to attack the blockchain than the value from stealing the funds transacted through the blockchain.
Imposes a lot of limitations on connected blockchains to fork their code which may mean they have to drop some existing functionality as well as prevent them from adding certain features in the future.
Creates a single point of failure — If the Interoperability blockchain or connector has an issue then this affects each connected blockchain.
It doesn't scale and acts as a bottleneck. Not only does building complex custom connectors not scale but the Interoperability blockchain that they are forcing all transactions to go through has to be faster than the combined throughput of connected blockchains. These Interoperability blockchains have limited tps, with the most being around 200 and is a trade off between performance and decentralisation.
But some Interoperability blockchains say they are infinitely scalable?
If the interoperability blockchain is limited to say 200 tps then the idea is to just have multiple instances of the blockchain and run them in parallel, so you benefit from the aggregated tps, but just how feasible is that? Lets say you want to connect Corda (capable of 2000+ tps) to Hyperledger (capable of up to 20,000 tps with recent upgrade). (Permissioned blockchains such as Hyperledger and Corda aren't one big blockchain like say Bitcoin or Ethereum, they have separate instances for each consortium and each is capable of those speeds). So even when you have just 1 DAPP from one consortium that wants to connect Corda to Hyperledger and use 2000 tps for their DAPP, you would need 100 instances of the Interoperability blockchain, each with their own validators (which maybe 100–200 nodes each). So, 1 DAPP would need to cover the costs for 100 instances of the blockchain and running costs for 10,000 nodes…This is just one DAPP connected to one instance of a two permissioned blockchains, which are still in the early stages. Other blockchains such as Red Belly Blockchain can achieve 440,000 tps, and this will surely increase as the technology matures. There is also the added complexity of then aggregating the results / co-coordinating between the different instances of the blockchain. Then there are the environmental concerns, the power required for all of these instances / nodes is not sustainable.
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It's not just transactions per second of the blockchain as well, its the latency of all these added consensuses along the path to reach to the destination and not knowing whether the security of each of the hops is sufficient and can be trusted. To see examples of how this potential issue as well as others effect Cosmos you can see my article here. I recommend also reading a blog done by the CEO of Quant, Gilbert Verdian, which explains how Overledger differs here as well as detailed in the whitepaper here.
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Overledger's approach
In 1973 Vint Cerf invented the protocol that rules them all: TCP/IP. Most people have never heard of it. But it describes the fundamental architecture of the internet, and it made possible Wi-Fi, Ethernet, LANs, the World Wide Web, e-mail, FTP, 3G/4G — as well as all of the inventions built upon those inventions.
Wired: So from the beginning, people, including yourself, had a vision of where the internet was going to go. Are you surprised, though, that at this point the IP protocol seems to beat almost anything it comes up against?Cerf: I'm not surprised at all because we designed it to do that.This was very conscious. Something we did right at the very beginning, when we were writing the specifications, we wanted to make this a future-proof protocol. And so the tactic that we used to achieve that was to say that the protocol did not know how — the packets of the internet protocol layer didn't know how they were being carried. And they didn't care whether it was a satellite link or mobile radio link or an optical fiber or something else.We were very, very careful to isolate that protocol layer from any detailed knowledge of how it was being carried. Plainly, the software had to know how to inject it into a radio link, or inject it into an optical fiber, or inject it into a satellite connection. But the basic protocol didn't know how that worked.And the other thing that we did was to make sure that the network didn't know what the packets had in them. We didn't encrypt them to prevent it from knowing — we just didn't make it have to know anything. It's just a bag of bits as far as the net was concerned.We were very successful in these two design features, because every time a new kind of communications technology came along, like frame relay or asynchronous transfer mode or passive optical networking or mobile radio' all of these different ways of communicating could carry internet packets.We would hear people saying, 'The internet will be replaced by X25,' or 'The internet will be replaced by frame relay,' or 'The internet will be replaced by APM,' or 'The internet will be replaced by add-and-drop multiplexers.'Of course, the answer is, 'No, it won't.' It just runs on top of everything. And that was by design. I'm actually very proud of the fact that we thought of that and carefully designed that capability into the system.
This is the approach Quant have taken with their Blockchain OS, Overledger to solve Blockchain interoperability. Compared to other Interoperability platforms that are trying to achieve interoperability at the transaction layer by connecting two blockchains via another blockchain, these will be ultimately be made redundant once faster methods are released. Overledger is designed to be future proof by isolating the layers so it doesn't matter whether it's a permissioned blockchain, permissionless, DAG, Legacy network, POW, POS etc because it abstracts the transaction layer from the messaging layer and runs on top of blockchains. Just as the Internet wasn't replaced by X25, frame relay, APM etc, Overledger is designed to be future proof as it just runs on top of the Blockchains rather than being a blockchain itself. So, if a new blockchain technology comes out that is capable of 100,000 TPS then it can easily be integrated as Overledger just runs on top of it.
Likewise, with protocols such as HTTPS, SSH etc these will also emerge for blockchains such as ZK-Snarks and other privacy implementations as well as other features made available, all will be compatible with Overledger as its just sitting on top rather than forcing their own implementation for all.
It doesn't require blockchains to fork their code to make it compatible, it doesn't add the overhead of adding another blockchain with another consensus mechanism (most likely multiple as it has to go through many hops). All of this adds a lot of latency and restrictions which isn't needed. The developer can just choose which blockchains they want to connect and use the consensus mechanisms of those blockchains rather than forced to use one.
Overledger can provide truly internet scale to meet whatever the demands may be, whether that be connecting multiple red belly blockchains together with 440,000 tps it doesn't matter as it doesn't add its consensus mechanism and uses proven internet scale technology such as that based on Kubernetes, which is where each task is split up into a self-contained container and each task is scaled out by deploying more to meet demand. Kubernetes is what runs Google Search engine where they scale up and down billions of containers every week.
Due to this being more of a summary, I strongly recommend you read this article which goes into detail about the different layers in Overledger.
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But how does it provide the security of a blockchain if it doesn't add its own blockchain?
This is often misunderstood by people. Overledger is not a blockchain however it still uses a blockchain for security, immutability, traceability etc, just rather than force people to use their own blockchain, it utilises the source and destination blockchains instead. The key thing to understand is the use of its patented technology TrustTag, which was made freely available to anyone with the Overledger SDK.
Please see this article which explains TrustTag in detail with examples showing how hashing / digital signatures work etc
A quick overview is if i want to send data from one blockchain to another the Overledger SDK using Trusttag will put the data through a hashing algorithm. The Hash is then included in digital signature as part of the transaction which is signed by the user's private key and then validated through normal consensus and stored as metadata on the source blockchain. The message is then sent to the MAPP off chain. The MAPP periodically scans the blockchains and puts the received message through a hashing algorithm and compares the Hash to the one stored as metadata on the blockchain. This ensures that the message hasn't been modified in transit, the message is encrypted and only the Hash is stored on chain so completely private, provides immutability as it was signed by the user's private key which only they have and is stored on the blockchain for high availability and secure so that it can't be modified, with the ability to refer back to it at any point in time.
Despite Overledger being a very secure platform, with the team having a very strong security background such as Gilbert who was chief security information officer for Vocalink (Bank of England) managing £6 trillion of payments every year and classified as national critical security (highest level you can get), ultimately you don't need to trust Overledger. Transactions are signed and encrypted at client side, so Overledger has no way of being able to see the contents. It can't modify any transaction as the digital signature which includes a hash of the transaction would be different so would get rejected. Transaction security isn't reduced as it is signed at source using however many nodes the source blockchain has rather than a smaller amount of nodes with an interoperability blockchain in the middle.
The core code of Overledger is closed source and patented, one of the recent patents can be seen here, along with TrustTag and further ones are being filed. The Overledger SDK is open source and is available in Java and Javascript currently, with plans to support Pyhton and Ruby in the near future. Java and Javascript are the most popular programming languages used today.
The Blockchain connectors are also open source and this allows the community to create connectors to connect their favourite blockchain so that it can benefit from blockchain interoperability and making it available to all enterprises / developers currently utilising Overledger. Creating is currently taking around a week to implement and so far, have been added based upon client demand.
Multi Chain Applications (MAPPs)
Multi Chain Applications (MAPPs) enable an application to use multiple blockchains and interoperate between them. Treaty Contracts enable a developer to build a MAPP and then change the underlying blockchain it uses with just a quick change of couple of lines of code. This is vital for enterprises as it's still early days in Blockchian and we don't know which are going to be the best blockchain in the future. Overledger easily integrates into existing applications using the Overledger SDK by just adding 3 lines of code. They don't need to completely rewrite the application like you do with the majority of other projects and all existing java / javascript apps on Windows / Mobile app stores / business applications etc can easily integrate with overledger with minimal changes in just 8 minutes.
Treaty Contracts
What Overledger will allow with Treaty contracts is to use popular programming languages such as Java and create a smart contract in Overledger that interacts with all of the connected blockchains. Even providing Smart contract functionality to blockchains that don't support them such as Bitcoin. This means that developers don't have to create all the smart contracts on each blockchain in all the different programming languages but instead just create them in Overledger using languages such as Java that are widely used today. If they need to use a different blockchain then it can be as easy as changing a line of code rather than having to completely rewrite the smart contracts.
Overledger isn't a blockchain though, so how can it trusted with the smart contract? A Hash of the smart contract is published on any blockchain the MAPP developer requires and when called the smart contract is run its run through a hashing function to check that it matches the Hash value stored on the blockchain, ensuring that it has not been modified.
By running the Smart contract off chain this also increases Scalability enormously. With a blockchain all nodes have to run the smart contract one after another rather than in parallel. Not only do you get the performance benefit of not having to run the code against every single node but you can also run them in parallel to others executing smart contracts.
You can read more about Treaty Contracts here
The different versions of Overledger
Enterprise version
The current live version is the Enterprise version as that is where most of the adoption is taking place in blockchain due to permissioned blockchains being preferred until permissionless blockchains resolve the scalability, privacy and regulatory issues. Please see this article which goes into more details about Entereprise blockchain / adoption. The Enterprise version connects to permissioned blockchains as well as additional features / support suited for Enterprises.
Community version
The community version is due to be released later this year which will allow developers to benefit from creating MAPPs across permissionless blockchains. Developers can publish their MAPPs on the MAPP Store to create additional revenue streams for developers.
Where does Overledger run from? Is it Centralised?
Overledger can run from anywhere. The community version will have instances across multiple public clouds, Enterprises / developers may prefer to host the infrastructure themselves within a consortium which they can and are doing. For example SIA is the leading private Financial Network provider in Europe, it provides a dedicated high speed network which connects all the major banks, central banks, trading venues etc. SIA host Overledger within their private network so that all of those clients can access it in the confinement of their heavily regulated, secure, fast network. AUCloud / UKCLoud host Overledger in their environment to offer as a service to their clients which consist of Governments and critical national infrastructure.
For Blockchain nodes that interact with Overledger the choice is entirely up to the developer. Each member within a consortium may choose to host a node, some developers may prefer to use 3rd party hosting providers such as Infura, or Quant can also host them if they prefer, its entirely their choice.
Overledger allows for higher levels of decentralisation by storing the output across multiple blockchains so you not only benefit from the decentralisation of one blockchain but the combination of all of them. Ultimately though decentralisation is thrown around too much without many actually understanding what it means. It's impossible to have complete decentralisation, when you sign a transaction to be added to a blockchain ultimately you still connect through a single ISP, connect through a single router, or the input into a transaction is done through a piece of software etc. What matters to be decentralised is where trust is involved. As i have mentioned before you don't need to trust the OS, it's just providing instructions on how to interact with the blockchains, the end user is signing the transactions / encrypting at client side. Nothing can be seen or modified with the OS. Even if somehow the transaction did get modified then it would get rejected when consensus is done as the hash / digital signature won't match at the destination blockchain. Where the transaction actually gets put onto the blockchain is where decentralisation matters, because thats what needs to be trusted and conensus is reached and Overledger enables this to be written across multiple blockchains at the same time.
The team are very well connected with a wealth of experience at very senior roles at Global enterprises which I will include a few examples below. Gilbert Verdian the CEO was the Head of security for the payment infrastructure for the Bank of England through his CISO role with Vocalink (Mastercard)managing £6 trillion every year. This is treated by the government as critical national infrastructure which is the highest level of criticallity because its so fundamental to the security of the country. They have experience and know what it takes to run a secure financial infrastructure and meeting requirements of regulators. Gilbert was director for Cybersecurity at PWC, Security for HSBC and Ernst & Young as well as various government roles such as the CISO for the Australian NSW Health, Head of Security at the UK government for Ministry of Justice and HM Treasury in addition to being part of the committee for the European Commission, US Federal Reserve and the Bank of England.
Cecilia Harvey is the Chief Operating Officer, where she was previously a Director at HSBC in Global Banking and Markets and before that Director at Vocalink. Cecilia was also Chief Operating Officer at Citi for Markets and Securities Services Technology as well as working for Barclays, Accenture, IBM and Morgan Stanley.
Vijay Verma is the Overledger platform lead with over 15 years of developer experience in latest technologies like Java, Scala, Blockchain & enterprise technology solutions. Over the course of his career, he has worked for a number of prestigious organisations including J&J, Deutsche, HSBC, BNP Paribas, UBS Banks, HMRC and Network Rail.
Guy Dietrich, the managing director of Rockefeller Capital (manages $19 Billion in assets) has joined the board of Quant Network, and has recently personally attended meetings with the Financial Conduct Authority (FCA) with Gilbert
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As well as advisors such as Paolo Tasca, the founder and Executive Director of the Centre for Blockchain Technologies (UCL CBT) at University College Londonfounder and executive director as well as Chris Adelsbach, Managing Director at Techstars, the worldwide network that helps entrepreneurs succeed. Techstars has partners such as Amazon, Barclays, Boeing, Ford, Google, Honda, IBM, Microsoft, PWC, Sony, Target, Total, Verizon, Western Union etc.
Due to client demand they are expanding to the US to setup a similar size office where board members such as Guy Dietrich will be extremely valuable in assisting with the expansion.
https://twitter.com/gverdian/status/1151549142235340800
The most exciting part about the project though is just how much adoption there has been of the platform, from huge global enterprises, governments and cloud providers they are on track for a revenue of $10 million in their first year. I will go through these in the next article, followed by further article explaining how the Token and Treasury works.
You can also find out more info about Quant at the following:
Part One — Blockchain Fundamentals
Part Two — The Layers Of Overledger
Part Three — TrustTag and the Tokenisation of data
Part Four — Features Overledger provides to MAPPs
Part Five — Creating the Standards for Interoperability
Part Six — The Team behind Overledger and Partners
Part Seven — The QNT Token
Part Eight — Enabling Enterprise Mass Adoption
Quant Network Enabling Mass Adoption of Blockchain at a Rapid Pace
Quant Network Partner with SIA, A Game Changer for Mass Blockchain Adoption by Financial Institutions
submitted by xSeq22x to QuantNetwork [link] [comments]
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***Wired: So from the beginning, people, including yourself, had a vision of where the internet was going to go. Are you surprised, though, that at this point the IP protocol seems to beat almost anything it comes up against?***Cerf: I'm not surprised at all because we designed it to do that.This was very conscious. Something we did right at the very beginning, when we were writing the specifications, we wanted to make this a future-proof protocol. And so the tactic that we used to achieve that was to say that the protocol did not know how — the packets of the internet protocol layer didn't know how they were being carried. And they didn't care whether it was a satellite link or mobile radio link or an optical fiber or something else.We were very, very careful to isolate that protocol layer from any detailed knowledge of how it was being carried. Plainly, the software had to know how to inject it into a radio link, or inject it into an optical fiber, or inject it into a satellite connection. But the basic protocol didn't know how that worked.And the other thing that we did was to make sure that the network didn't know what the packets had in them. We didn't encrypt them to prevent it from knowing — we just didn't make it have to know anything. It's just a bag of bits as far as the net was concerned.We were very successful in these two design features, because every time a new kind of communications technology came along, like frame relay or asynchronous transfer mode or passive optical networking or mobile radio' all of these different ways of communicating could carry internet packets.We would hear people saying, 'The internet will be replaced by X25,' or 'The internet will be replaced by frame relay,' or 'The internet will be replaced by APM,' or 'The internet will be replaced by add-and-drop multiplexers.'Of course, the answer is, 'No, it won't.' It just runs on top of everything. And that was by design. I'm actually very proud of the fact that we thought of that and carefully designed that capability into the system.
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Won't let me post the related images here, but please refer to this article which includes them https://medium.com/@CryptoSeq/what-is-a-blockchain-operating-system-and-what-are-the-benefits-c561d8275de6
Wired: So from the beginning, people, including yourself, had a vision of where the internet was going to go. Are you surprised, though, that at this point the IP protocol seems to beat almost anything it comes up against? Cerf: I'm not surprised at all because we designed it to do that. This was very conscious. Something we did right at the very beginning, when we were writing the specifications, we wanted to make this a future-proof protocol. And so the tactic that we used to achieve that was to say that the protocol did not know how — the packets of the internet protocol layer didn't know how they were being carried. And they didn't care whether it was a satellite link or mobile radio link or an optical fiber or something else. We were very, very careful to isolate that protocol layer from any detailed knowledge of how it was being carried. Plainly, the software had to know how to inject it into a radio link, or inject it into an optical fiber, or inject it into a satellite connection. But the basic protocol didn't know how that worked. And the other thing that we did was to make sure that the network didn't know what the packets had in them. We didn't encrypt them to prevent it from knowing — we just didn't make it have to know anything. It's just a bag of bits as far as the net was concerned. We were very successful in these two design features, because every time a new kind of communications technology came along, like frame relay or asynchronous transfer mode or passive optical networking or mobile radio' all of these different ways of communicating could carry internet packets. We would hear people saying, 'The internet will be replaced by X25,' or 'The internet will be replaced by frame relay,' or 'The internet will be replaced by APM,' or 'The internet will be replaced by add-and-drop multiplexers.' Of course, the answer is, 'No, it won't.' It just runs on top of everything. And that was by design. I'm actually very proud of the fact that we thought of that and carefully designed that capability into the system.
submitted by xSeq22x to CryptoMoonShots [link] [comments]
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Craig Wright asked the lawsuit to be postponed for 14 days and questioned the judge's decision to hand over nearly 500,000 bitcoins According to the court documents filed on August 30, Craig Wright initiated a motion to extend the ongoing lawsuit for 14 days and challenged the presiding judge Bruce Reinhart's previous ruling. The document also shows that Wright's team needs more time and staff to prepare, as Hurricane Dorian is expected to land in Florida in the coming weeks. A recent document claimed that Wright "does not recognize" that magistrate Reinhart has the right to issue an order determined in the ruling, and his legal counsel needs sufficient time to challenge him. According to previous news, in the court documents released on August 27, District Judge Bruce Reinhart confirmed that Craig Wright had to give Kleiman 50% of the 1.1 million bitcoins he claimed to be jointly mined with Kleiman between 2009 and 2011, while Craig Wright is required to compensate Kleiman for intellectual property fees associated with Bitcoin software. In addition, Craig Wright was asked to pay the attorney's fees and the costs associated with the bill. Also The court also found that Craig Wright had dishonestly debated, perjury and acknowledged false evidence during the motion.
Argentine central bank restricts buying dollars, or stimulates local bitcoin demand According to a report by Bloomberg on September 1, the Central Bank of Argentina imposed restrictions on the purchase of the US dollar to reinvigorate its falling French currency, the Argentine peso. According to a statement issued by the central bank on Sunday, the monthly purchase of dollars by Argentine individuals will be limited to less than $10,000, and any amount exceeding the limit will require special permission. In addition, exporters must settle their foreign exchange earnings in the local market within 5 days. No company is allowed to accumulate dollars. The central bank said that these measures are aimed at "maintaining exchange rate stability and protecting depositors." In recent years, Argentina has shown a strong interest in Bitcoin, and as the uncertainty surrounding economic growth intensifies, Bitcoin trading volume has accelerated. Last month, the country's cryptocurrency exchanges showed a premium. Some speculate that the demand for bitcoin, an uncontrollable cross-border asset, should increase further. A large amount of data shows that the amount of Argentine pesos that Argentines traded on the peer-to-peer cryptocurrency platform increased last week, and this trend is likely to continue if the situation in the country is similar to Venezuela.
The blockchain project received funding from the Scottish government to monitor gluten-free oats using blockchain technology The Scottish government-backed Scotland's Rural College (SRUC) project allocated £94,66 to a blockchain project to support the development of a digital ledger system to monitor gluten-free oatmeal. Through this network, manufacturers can provide traceability and source, and fundamentally improve the supply chain.
AE/Aeternity: The third phase of Aeternity token (AE) main network migration will end on September 2nd. PLPillar: The Pillar (PLR) Pillar community will participate in a creative strategy seminar hosted by experiencehaus in London, UK on September 2nd. LA/LAToken: The LAToken (LA) LATOKEN community will host an investor reception in London, England on September 2nd.
WAN/Wanchain: Wanwei Chain Wanchain (WAN) will be launched on September 3rd based on POS mechanism mining function
BCH/Bitcoin Cash: The City Conference will be held in North Queensland, Australia from September 4th to 5th, 2019. BETHEBethereum: Bethereum will conduct a user airdrop token plan on September 4th
CS/Credits: Credits (cs) began to map some of the main network tokens on September 5th. ENG/Enigma: The Enigma(ENG)Enigma community will host a gathering and seminar in Boston on September 5. BTC/Bitcoin: Blockchain Africa conference organizers will host the first cryptocurrency festival in South Africa on September 5. AGI/SingularityNET: SingularityNET (AGI) SingularityNET community Ben Goertzel will attend the Asia Innovation Summit on September 5th and will deliver a speech.
BTC/Bitcoin: Bakkt official Twitter said that Bakkt Warehouse will begin to provide Bitcoin secure storage services to customers on September 6. VEX/Vexanium: The Vexanium (VEX) DApps competition will end on September 6th with a total of 1.1 million VEX awards, the first of which will receive 350,000 VEX.
BNB/Binance Coin: Coin Security will stop providing services to US users on Binance.com on September 12th BCN/Bytecoin: Bytecoin (BCN) will release Copper v3.6.0 on September 12th
NULS / NULS: The NULS 2.0 Beta hackathon will be held from September 20th to September 21st, 2019.
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BTC continued to go up from yesterday to today, reaching a maximum of nearly $9,900. In the past 24 hours, the net inflow of BTC funds was close to $650 million, which was significantly increased compared with the previous cycle. Recently, BTC continued to rebound slightly, the daily line to see the details touched the yellow line triangle area on the lower track, the overall volume can continue to shrink, bull strength is not strong. The day is concerned about whether BTC can continue to move up and break through the resistance area of $9800–10000. Breakthrough failures are likely to be retreated again, with support below focusing on the vicinity of $9,500. In terms of operation, close to $9,850 above can be considered for moderate position reduction. If no position temporarily then there is no need to act rashly.
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[UN official: Cryptocurrency makes policing child slavery more difficult] A top United Nations official says cryptocurrencies have made it significantly more difficult to fight child slavery, cyber crime, terror financing and money laundering, according to a report by news website ABC on August 29. Neil Walsh, chief of the Cybercrime and AML section of UN's Office on Drugs and Crime, noted that the anonymous attribute of cryptocurrencies provide a new layer of secrecy to favor these criminals.
[Indian black money special investigation team: the government does not need to supervise the cryptocurrency, the single choice is the only choice] The Indian Black Money Special Investigation Group (SIT) informed the government that criminal gang networks are increasingly relying on cryptocurrencies for money laundering and drug smuggling. It also believes that it is not necessary to supervise cryptocurrencies, because it takes years and inefficiencies to deal with such cases, and a one-size-fits-all approach seems to be the only option. Although the country does not fully ban cryptocurrency transactions, the government has instructed all relevant agencies and law enforcement agencies such as the Reserve Bank of India (RBI), the Law Enforcement Agency (ED) and the income tax department to take action in accordance with existing laws. In the absence of a globally acceptable solution, the government is handling this matter with caution. SIT does not support regulation because it takes a long time to prosecute violations in the country: "We have many laws or regulations that need to be strictly enforced. But experience shows that many law or regulatory enforcement agencies cannot enforce them. Even if they try to enforce them, As a result, many litigations remain pending for many years. In order to avoid this, there is no choice but to declare it an illegal transaction. Those dealing with cryptocurrencies should be punished without any further evidence."
[Terrorist organizations are using social media platforms such as Telegram to raise money through cryptocurrencies] According to a report by the Middle East Media Research Institute (MEMRI), a non-profit research institute, terrorist organizations in areas such as Islam and Hamas are using social media platforms, including Telegram, to raise funds through cryptocurrencies. MEMRI warned that this problem will only be more serious when Telegram launches its own blockchain TON and local cryptocurrency Gram.
ADX/AdEx: ADEX (ADX) will release the Validator Stack version 2.0 in August DADI/DADI: DADI will release the network CLI on August 31, with Stargates to support network services; and release Self Onboarding on the same day to allow the network to be more open. MITH/Mithril: The Mithril (MITH) team decided to implement the first MITH token destruction program on August 31. COS/Contentos: Contentos test network v0.5 "Jupiter" will be launched on August 31, this is the last version of the test before the main online line, alternate release. NOAH/Noah Coin: Noah Coin (NOAH) exchanges the held tokens at BTCNext, ending on August 31st.
XLM/Stellar: Stellar (XLM) will conduct equity awards in binance on September 1st MHC/MetaHash: MetaHash (MHC) will close all ICO accounts as of September 1 and will permanently close all ICO accounts. All MHCs will need to be transferred to MetaGate Wallet by this date. DGD/DigixDAO: The DigixDAO (DGD) DGXHUB community representative program will be open for application on September 1.
BTC continued its downward trend from yesterday to today, slightly rebounded after falling below $9,400, and is currently hovering around $9,500. In the past 24 hours, the net inflows of BTC funds exceeded US$150 million, which increased significantly compared with the previous cycle. After falling below the $9,800 support area yesterday, BTC continued to fall below $9,500. Yesterday, the rally stopped near $9350, but the rally was obviously insufficient in scope and quantity. The bulls'strength was weak. The opening of the Daily Brin Channel was downward, and there was still the possibility of further declines in the follow-up. Operational aspects, temporary patience, there are short positions above can continue to hold or partial stop earnings, near $9100 can consider gradual admission.
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Find Out Why Institutions Will Flood the Bitcoin Market
As originally written via CoinLive: (improved reading experience)
Back in 2017, the blockchain industry experienced an unprecedented interest which ended in what is often referred in financial terms as "irrational exuberance", with a large portion of the rally led by retail-type investors flooding the market to ultimately chase prices at illogically hefty levels based on the infancy stage of the technological advancements and its implementations.
That rise was too fast too quick and eventually, in early January 2018, the bubble-like move came to an abrupt end. The question now is, what will it take for another sustainable bull run to materialize? At CoinLive, we will inspect the key missing pieces of the puzzle. In this article, we will investigate the ever-growing list of evidence that shows why a new type of investors, the institutional ones, looks set to enter the market in mass.
The two critical impediments for the 'smart money' to have been on the sidelines are clearly identifiable. Firstly, it has to do with custodianship, in other words, having formal mechanisms that allow the safe storage of the asset. Secondly, the regulation around the crypto market must be clarified with clearer guidance.
When it comes to the first missing piece of custodianship, the NY Times recently helped shed a light on where we are headed. The influential newspaper reported that ICE (Intercontinental Exchange), which is the parent company behind the NY Stock Exchange (NYSE), is working confidentially in the implementation of swap contracts for banks and large investors that will be settled with the physical delivery of Bitcoin.
For ICE to even consider this idea it means that the problem of legal custodianship is being worked out so that the backing and security of Bitcoins by the NYSE will be in place. This will open the floodgates to a whole new market, where the King of cryptos and other digital assets down the road become available to a much wider and more influential customer base. We are certainly at a stage where institutions have recognized that Bitcoin is "too big to ignore".
What's also important is that by using a swap contract, the trading of Bitcoins will be oversight under the existing regulatory framework of the Commodity Futures Trading Commission, hence less regulatory uncertainty.
As a reminder, the CFTC is headed by J. Christopher Giancarlo, who is a proclaimed pro-blockchain endorser after his popular appearance in front of a U.S. Senate hearing on blockchain technology last February, where he famously said: "We owe it to this generation to respect their interest in this new technology."
Moreover, earlier this year, Boston-based State Street, the world's second-largest custody bank with around £24tn in assets under custody and administration, came out to announce that safeguarding clients' digital assets could be a service they are looking to provide a solution in the near future. If confirmed, it would represent a major move as it sets a precedent as the first global bank to provide custodianship services for crypto-related investments.
While Bitcoin is not serving its initially intended purpose as a widely used method of payments (for now), it has found another appeal as a store of value that is uncorrelated to any other asset class, hence it has an exceptional use as a hedging strategy for multi-billion dollar portfolios to help reduce the overall volatility.
Other stories strengthening the notion of institutional capital set to come into the cryptoverse include the news that Goldman Sachs will be trading futures contracts linked to Bitcoin's price as an initial step, only to gradually transition into a more direct trading of buying and selling actual Bitcoins.
Find our recent article where we explain why Goldman Sachs trading Bitcoin is such a big deal.
Even the chief executive of Nasdaq, Adena Friedman, recently said considerations were being given to set up a virtual-currency exchange should the needed regulatory framework be resolved.
Additionally, we have seen a growing trend of senior-level executives at institutional firms flocking off the safety of their well-established positions to venture into blockchain-related jobs. We include a few articles with evidence below:
Goldman Sachs Executives are Moving to Cryptocurrency Hedge Funds
Mike Novogratz Makes Goldman VP the COO of His Crypto Company
Coinbase Hires Ex-Barclays Director to Expand Its Institutional Client Base
Commonwealth Bank CFO to Lead Block.one as President and COO
The migration in job positions from traditional financial markets into blockchain comes as no surprise and quite frankly, it appears to be a logical and rational step to be taken, especially in light of the new revenue streams the blockchain sector has to offer.
Proof of that is the fact that Binance, a crypto exchange with around 200 employees and less than 1 year of operations has overcome Deutsche Bank, which has more than 100,000 employees and over 150 years of history, in total profits. What this communicates is that the opportunities to grow an institution's revenue stream is formidable once they decide to integrate cryptocurrencies into their business models.
Another piece of the puzzle, even if occurring behind closed doors, is the consideration to launch a Bitcoin ETF. Back in April, it was reported that the US Securities and Exchange Commission (SEC) has put back on the table two Bitcoin ETF proposals, according to public documents. The agency is under formal proceedings to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares.
The introduction of an ETF would make Bitcoin available to a much wider share of market participants, with the ability to directly buy the asset at the click of a button, essentially simplifying the current complexity that involves having to deal with all the cumbersome steps currently in place.
More evidence of the emergence of institutions playing a more dominant role in the blockchain industry is the unprecedented interest to amass Bitcoins in the OTC (Over the Counter Market). We perceive this trend as directly linked store Bitcoin as a store of value. This article by Bloomberg should give you a taste of what's happening behind the scenes: The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers.
As ConLive recently tweeted: "Our network of Insiders telling us between 5000-10.000 BTC are being sold every week OTC by Chinese BTC miners to Israeli buyers - Wall Street type - as they look to accumulate a big hand in BTC. "
Lastly, one of the most critical missing piece is the subject of global regulations. Back in March, Mark Carney, the head of Bank of England and the chief of the Financial Stability Board of G20 stated that "crypto-assets do not pose risks to global financial stability at this time." That caused a temporary relief in the crypto sphere as the risk of a regulatory backlash was removed for the time being until July, the month when more clarity will be provided.
The chair of the Argentina Central Bank, Federico Sturzenegger, on his role of sitting the G20 summit, said that members showed a unifying view on the need of cryptocurrencies to be supported by a more sound regulatory framework. The policy-maker, however, made it clear that they first need to examine the cryptocurrencies universe to gather the necessary data before proposing regulations.
"In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?" Sturzenegger said.
To sum up, the improvements in custodianship solutions, along with more clarity by the G20 committee, which is set to provide less uncertainty for institutional investors' involvement, is a recipe for a renewed bull wave, this time of institutional capital, to shake up the crypto space.
At CoinLive, we will not venture into the timing, as that is quite irresponsible trying to pretend we have a "crystal ball" to determine when moves will occur. We just simply look at the big picture and try to connect the dots by first breaking down the latest developments to then draw some conclusions. Never forget, markets should always be approached as a numbers' game, and while nothing is certain, we just attempt to envision and inform on scenarios with the highest likelihood.
Daily analyze of cryptocurrency 20190824(Encrypted calendar has been updated to 31st)
Market feedback Fear status
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The Ministry of Industry of Missonis, Argentina, launched the JellyCoin token to reward citizens who effectively dispose of garbage. Earlier this week, the Ministry of Industry of the Province of Minas, Argentina, announced that it would soon begin to reward citizens who effectively dispose of garbage with a new cryptocurrency. The community's "Hive" project aims to create a blockchain-based token called JellyCoin, which the government will award to the citizens who comply with environmental regulations.
US House of Representatives: Congress will continue to review Facebook's Libra.
Amazon AWS is now BUG to a number of exchanges trading abnormalities 0.3 US dollars turnover more than 40 BTC. 3. Insiders: The central bank will issue licenses related to the central bank's digital currency.
Coin Security will provide lifelong membership services to KYC users and announce the latest investigation of the leak.
At least three early supporters of the Libra Currency Association considered withdrawing for regulatory reasons.
The Bank of England Governor urged the Libra-type reserve currency to end the dominance of the dollar.
Central Bank: The development of electronic payment instruments with digital currency characteristics has made progress.
Bank of Japan executives: We promote bitcoin, but only for control.
The US Food and Drug Administration will use blockchains to improve the review and recall of pharmaceuticals and medical products.
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BTM/Bytom: Bytom will host the Bytom DevCon 2 technical competition on August 24th. The Bytom will reward the winners and support related projects. BNB/Binance Coin: The currency-based Launchpad will be launched on the Perlin project on August 24th, still using the BNB position snapshot lottery mode. The Launchpad IEO hardtop is 6,700,000 USD.
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Bitcoin price gained pace above the 23.6% Fib retracement level of the key decline from the $10,975 swing high to $9,957 low. The recent wave was such that the price even spiked above the $10,400 level. Moreover, there was a break above the 50% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low. However, the bulls faced a strong resistance just below the $10,100 level.
Additionally, yesterday's highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair. The pair is now consolidating below the trend line and the $10,500 resistance. Moreover, the 61.8% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low is at $10,510.
Therefore, the price could rally if it breaks the trend line and the $10,500 resistance area. The next stop for the bulls could be near the $11,000 resistance area in the near term. On the other hand, an immediate key support is near the $10,250 level. If there is a downside break below the $10,250 support, the price could start a fresh decline in the coming sessions.
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IDAX Website: https://www.idax.pro
The world's largest crypto exchange by volume, Binance, put forth an updated term of use agreement on 14 June 2019, which stated the retraction of trading benefits from the US customers. It stated: "Binance is unable to provide services to any U.S. person. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain ... Bitcoin News has written about Facebook's busy work in discussing and negotiating with financial and tech institutions over the past months. Its founder, Mark Zuckerberg, had been in a meeting with Bank of England governor Mark Carney in April to talk about the risks and opportunities of launching such a crypto. They later even met with ... Bitcoin News Andrew Bailey: BTC Is Not a Currency. The Bank of England's former governor Andrew Bailey is warning people that if they're interested in buying bitcoin, they should be prepared ... The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with ... Andrew Bailey, who is set to lead the Bank of England, has issued yet another warning to would-be bitcoin investors: "Be prepared to lose all your money."The post Bank of England governor ... Bank of England (BoE) governor Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Die bullishen Aussichten werden für Bitcoin immer besser – denn nun erwägt die Bank of England Berichten zufolge negative Zinssätze. Laut einer am späten Mittwoch veröffentlichten Exklusivmeldung des "Telegraph" überprüft die Zentralbank derzeit, wie negative Zinssätze in Großbritannien funktionieren könnten. On Friday, the Bank of England (BoE) and the Prudential Regulation Authority (PRA) cancelled the 2020 stress test of eight major British banks and building societies, citing the emergency situation amid the coronavirus outbreak. This is another example of how governments are supporting the banking systems while the crypto market is on its own. Bitcoin Steadies as Bank of England Suddenly Cuts Rates to 11-Year LowThe United Kingdom's central lender has actually followed the Federal Reserve in out of the blue cutting interest rates — because of the many since 2009. As different news outlets including the Financial occasions reported on March 11, the Bank of England (BoE) stated the move was in direct reaction to financial pressures ... Bank of England governor snubs Bitcoin but suggests stablecoins have benefits Marc Shoffman Cryptocurrency , News , Top 3 Andrew Bailey , Bank of England , bitcoin , cryptocurrency , stablecoin Bank of England governor Andrew Bailey has hit out at the use of cryptocurrency such as Bitcoin for payments but has suggested stablecoins could offer 'useful benefits'.
XRP Now on Binance Lending! Arthur Britto Speaks (in e-mail format)
NEW CHANNEL: https://www.youtube.com/channel/UCH9HlTrjyLmLRS0iE1P4rrg ----- Rich Dad Poor Dad: https://amzn.to/3cKJ4Ia C... 09:25 Binance & the Tether Cartel 11:54 Binance is Not Reducing Tether USDT Holdings 13:02 You Can't BS A BS'r: Binance Will Fail 13:48 Stop Using Binance! 14:12 Outro 📺Watch These Videos Again📺 🎥: How To Buy Bitcoin/Crypto w/ Binance! - Binance Tutorial & Review! - Buy, Sell, Trade, Earn etc... 🔔: Like, Subscribe & Turn on Notifications 🚩: Binance E... This is Altcoin news, from the world of cryptocurrency. Today we talk about Dutch court ruling that Bitcoin is a legitimate 'transferable value'. Uk launches cryptocurrency task force. Binance ... !!👨💻 SET UP A BINANCE US ACCOUNT 👩💻 !! https://www.binance.us/?ref=35000644 Binance US now allows you to use a Debit card to make purchases ... Part 2: Bank Of England + Libra, Bitcoin Moving Up & AltCoins Surge The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working... Subscribe Subscribed ... (미스터트롯결승전) 작곡가+인생곡미션 최종정리. 임영웅,영탁,이찬원,정동원,김호중,김희재,장민호 1인 정밀분석![기자형의 ... Bitcoin Technical Analysis & Bitcoin News Today: On Binance and BitMEX you can trade the altcoins when the altcoin boom comes. Also, I'll use technical analysis on the Bitcoin price to make a ... Ripple CEO GETS RESPONSE From VanEck on BTC Comments/Bank of England Prefers XRP OVER BITCOIN - Duration: 12:26. Moon Lambo 2,202 views. New; 12:26 . Ripple Says They're Bringing XRP to 4 BILLION ... Once you get your cryptocurrency into Binance it's a little bit of a process to get it out. We walk through the process of selling your altcoins for Litecoin...
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text:
The one public spending cut everyone should agree on
Jacob Ress-Mogg is the minister in charge of government efficiency (Photo: Carl Court/Getty Images)
Public procurement accounts for nearly a third of state spending
The huge sums spent on useless PPE during the pandemic show just how wasteful procurement can be
Burdensome tendering procedures prevent small and medium sized firms competing for contracts
There has been much debate recently about when it would be prudent to cut tax. But it's depressing how often commentators assume that public spending must rise in real terms each year. Even those who demand that the axe should fall tend to concede how difficult and unpopular it would be.
Yet not everyone is so defeatist. None other than Jacob Rees-Mogg, serving in the Cabinet Office as Minister of State for Brexit Opportunities and Government Efficiency, is working away at finding some very substantial savings that would do nothing to harm the delivery of public services.
One of the more significant items is procurement. At £300bn a year, nearly a third of public spending, goes on procurement. Legislation is going through Parliament that will cut red tape on buyers and suppliers alike, simplify the rulebook and create a digital platform so companies can see all available opportunities in one place and only have to register once to bid. Leading the Second Reading of the Procurement Bill in the House of Lords, Lord True promised a new regime 'making it quicker, simpler, more transparent and better able to meet the UK's needs, while remaining compliant with our international obligations'.
Labour expressed support for the bill, though it would have been awkward for them to do otherwise since the Labour government in Wales has agreed to apply the same changes. But they will not apply in Scotland – which will instead continue with the very cumbersome inheritance from the EU, which has just been copied and pasted into their statute book. I suppose the Scottish Nationalists regard it as a point of principle to align with the EU as much as possible. But it will be difficult to claim that approach offers value for money.
The pandemic highlighted how large sums can be wasted through poor procurement decisions. According to the Department of Health and Social Care's own accounts, £9bn spent on PPE was written off, with £2.6bn spent on items that were 'not suitable' for the NHS. Of course, the emergency meant the circumstances were exceptional. But even under normal conditions, substantial wasteful spending is routine.
Commissioning new political sector IT systems is one area where costs have tended to balloon. The Emergency Services Network's original budget was £6.2bn and is scheduled for completion in 2019. It has been delayed until early 2024 with an estimated final cost of £9.3bn. An NHS patient record system was started 20 years ago. The specifications kept changing and after ten years and spending of £10bn it was abandoned.
During the Second Reading debate peers gave examples of their own. Delay as well as cost was a concern. Lord Coaker said that '29 Ajax tanks have been delivered to the Government at a cost of £3.5bn so far. There are more on the way. We are supposed to have 569, which were supposed to have been delivered four or five years ago.' Lord Berkeley mentioned 'HS2 spending £15bn on consultants'.
Lord Maude gave a well informed speech reflecting his own ministerial experience. He said that when the Coalition government was formed in 2010 they found 'a horrendous legacy of dreadful contracts'. Over the next five years, he explained, the Tory and Lib Dem 'efficiency drive' saved around £52bn from the running costs of government.
Maude stressed that it was not just about the law but how the processes were applied. When he came in, for instance, 'the time taken for formal tender processes to be completed was double what it was in Germany'. Changes were made to cut the time for British procurements to half of Germany's average time. The cost of bidding was another issue, with suppliers telling the minister 'it cost them four times as much to bid for public sector contracts as it did for private sector contracts'.
The burdensome tendering procedure prevents small and medium-sized firms competing for contracts. Maude said that he discovered that 87% of the Government's spend on IT was with seven vendors, all multinationals. A failure to carry out proper 'pre-tender market engagement' meant innovative ways to deliver a service were missed. Process trumped results.
Another issue, outlined by Lord Moylan, was local government officials getting round procedures to award contracts to particular clients. He pointed to one project where the tender allocated 40% of point to 'project compatibility', which turned out to mean simply that a company was deemed 'compatible' with the council in question.
If you talk to anyone who has been a senior manager in local government, the NHS or the Ministry of Defence they will have plenty of similar anecdotes. All most amusing – except that we are the ones who pick up the bills and have to put up with the delays and poor service.
How much could be saved by the upcoming changes in procurement? I haven't seen any estimates from the Government. It will depend if there is a change of culture as well as the change in the law. But it seems to me the potential would not just be billions but tens of billions. Perhaps then there might be room for those tax cuts after all.

redpajama_set_name: RedPajamaCommonCrawl


text:
Morant is this Tournament's man of mystery, most people only aware of his exploits through quick Twitter videos, SportsCenter highlights and his placement in mock NBA Drafts, but he did lead the nation in assists.
Howard, on the other hand, is a dynamic scorer, a skill which could make him a first-round Draft choice.
LSU Tigers vs. Yale Bulldogs
Yale scored 97 points against the Harvard Crimson in the Ivy League championship and has a legitimately talented team. Shooting guard Miye Oni could be a second-round pick in June.
In a normal scenario, it would still be tough to envision the Bulldogs knocking off the Southeastern Conference regular-season champions, but coach Will Wade is embroiled in an FBI investigation, which could make things difficult for LSU. Star center Naz Reid will have to dominate.
Texas Tech Red Raiders vs. Northern Kentucky Norse
All-American shooting guard Jarrett Culver was one of the sport's breakout stars this year, guiding Texas Tech to a share of the Big 12 Conference title. He's a potential top-five pick, which makes it theoretically foolish to pick against the Red Raiders.
Forward Drew McDonald might have what it takes to spring an upset for Northern Kentucky, though. A finalist for the Senior CLASS Award, McDonald is one of only five active players with 2,000 career points and 1,000 rebounds.
Ole Miss Rebels vs. Oklahoma Sooners
The matchups between the Nos. 8 and 9 seeds are supposed to be good and Ole Miss-Oklahoma fits the bill. The Sooners boast a top-25 defense in the Pomeroy College Basketball rankings, while the Rebels feature the No. 33 offense in the country.
As for an individual matchup, Ole Miss guard Breein Tyree averages 18.2 points per game and Oklahoma guard Christian James averages 14.4. They could find themselves trading buckets in the second half of this one with a likely meeting with the Virginia Cavaliers on thee line.
VCU Rams vs. UCF Knights
Like usual, VCU has an awesome defense — the No. 7 defense in Ken Pomeroy's rankings. The Rams will try to harass UCF and reach a likely second-round matchup with the Duke Blue Devils.
The one big problem? Knights center Tacko Fall. He checks in at 7-6. VCU doesn't have a player taller than 6-10.
Belmont Bruins vs. Temple Owls
Belmont's inclusion is a nice nod toward mid-majors, especially since Senior All-American wing Dylan Windler should get NBA looks. His matchup with star Temple shooting guard Quinton Rose in the First Four should be fascinating, since both are listed at 6-8.
Arizona State Sun Devils vs. St. John's Red Storm
The last two teams in the field of 68, Arizona State and St. John's are evenly matched in the First Four, each carried by a star guard.
Freshman shooting guard Luguentz Dort was the Pac-12 Conference Player of the Year for the Sun Devils and point guard Shamorie Ponds has 10 30-point games in his Red Storm career.
Related stories from Fresno Bee
March Madness 2019: 68 reasons to root for each of the 68 teams in the NCAA Tournament
NCAA Tournament picks: It will be an all-SEC, all-ACC Final Four
Georgia St. has busted NCAA Tournament brackets before and the Panthers can do it again
Not a basketball fan? These March Madness brackets are for you: Disney, Marvel and more
Ja Morant #12 of the Murray State Racers shoots the ball during the game against the Eastern Kentucky Colonels at CFSB Center on Feb. 16, 2019 in Murray, Kentucky. Michael Hickey Getty Images
Where the nation's top football recruits will play this season
Fresno State Athletics' marketing campaign: Pride of the Valley
The Ahwahnee is back: Yosemite can again use famous historic names, lawsuit settlement says
Who's the nation's best defender? Fresno State football in elite company with two nominees
By Robert Kuwada
The Fresno State Bulldogs college football team is represented by safety Juju Hughes and linebacker Mykal Walker on the watch list for the 25th Chuck Bednarik Award, presented to nation's top defensive player.
MORE COLLEGE SPORTS
Michigan adds Jay Smith to Juwan Howard's basketball staff
The Latest: Mullen hopes Gators make big leap in Year 2


text:
Tag: Unremitted funds
Missing Money: NNPC/CBN Should Not Have Gone Public – Ojomu
The Former Acting National Publicity Secretary of the PDP, Bode Ojomu, on Wednesday blamed the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria for not resolving their differences privately.
Mr Bode Ojomu stressed that the NNPC and CBN's 'tantrum' would cause the public to lose their trust in government.
Commenting on the controversial letter by the CBN Governor, Sanusi Lamido Sanusi, to the Nigerian President, Goodluck Jonathan, alleging that $49.8 billion was unremitted to the Federation Account funds, on Sunrise Daily, Mr Ojomu said the two agencies had not been able to live up to their responsibilities as managers of the various institutions of government.
"People have not been able to live up to their responsibilities as managers of the various institutions of government which we suppose to strengthen for basic deliveries for the essence for which government was established in the first place," he said.
Mr Ojomu insisted that issues which could be resolved internally should be kept away from public domain for the sake of unity and for government to be regarded as responsible by the public.
"There was no need to write a letter which has the capability of entering the public domain.
"There are enough platforms which are called internal mechanisms within the framework of government for both NNPC and CBN to have resolved the tantrum," he said.
He advised that government agencies such as the CBN "must neither stir controversy nor be in controversy." He added that the Sanusi Lamido era of the CBN had been embroiled in too much controversy.
Posted on December 18, 2013 Author Channels TelevisionCategories Sunrise DailyTags Bode Ojomu, CBN, CBN vs NNPC, Corruption, crude oil scam, Former Acting National Publicity Secretary of the PDP, NNPC missing money, Sanusi Lamido, Sunrise Daily, Unremitted fundsLeave a comment on Missing Money: NNPC/CBN Should Not Have Gone Public – Ojomu
PENCOM Vows To Recover Unremitted Funds
The National Pensions Commission (PENCOM), has revealed that between January 2010 and December 2011, about 15,427 employers, who had registered under the contributory pension scheme, failed to remit the monthly contributions deducted from employees' remunerations into their retirement savings accounts.
PENCOM stated this in a report, titled, "Unremitted pension contribution.
However, the report was silent on the value of accruing failed remittances for the two years.
Meanwhile, the commission has vowed to recover the unremitted funds from the defaulters through legal means, with interest as penalty.
PENCOM says it has been employing different approaches to entice employers to embrace voluntary compliance, including public enlightenment, media campaign and collaboration with regulatory and professional bodies
Posted on December 25, 2012 Author Channels TelevisionCategories BusinessTags Africa, channels television, Channels TV, National Pensions Commissions, Nigeria, PENCOM, Unremitted fundsLeave a comment on PENCOM Vows To Recover Unremitted Funds


This series is the only publication devoted exclusively to original philosophical work in the foundations of ethics. It provides an annual selection of much of the best new scholarship being done in the field. Its broad purview includes work being done at the intersection of ethical theory and metaphysics, epistemology, philosophy of language, and philosophy of mind. The important chapters included in the series provide an excellent basis for understanding recent developments in the field; those who would like to acquaint themselves with the current state of play in metaethics would do well to start here.


text:
package org.apereo.cas.configuration.model.core.authentication;

/**
 * Configuration properties class for cas.principal.resolver.persondir.
 *
 * @author Dmitriy Kopylenko
 * @since 5.0.0
 */
public class PersonDirPrincipalResolverProperties {

    private String principalAttribute;

    private boolean returnNull;
    private boolean principalResolutionFailureFatal;

    public boolean isPrincipalResolutionFailureFatal() {
        return principalResolutionFailureFatal;
    }

    public void setPrincipalResolutionFailureFatal(final boolean principalResolutionFailureFatal) {
        this.principalResolutionFailureFatal = principalResolutionFailureFatal;
    }

    public String getPrincipalAttribute() {
        return principalAttribute;
    }

    public void setPrincipalAttribute(final String principalAttribute) {
        this.principalAttribute = principalAttribute;
    }

    public boolean isReturnNull() {
        return returnNull;
    }

    public void setReturnNull(final boolean returnNull) {
        this.returnNull = returnNull;
    }
}

redpajama_set_name: RedPajamaGithub


text:
More than 100 Horses at Lookout: Report
Ambrose Burnside's Hatteras Expedition, which took place 159 years ago this month, was a battle fought not with Confederates but the more powerful forces of nature.
Shipwrecks in the Graveyard of the Atlantic provide researchers and national seashore officials an important link to maritime history on a local, state and global level.
N.C. Division of State Historic Sites and Properties Director Michelle Lanier, who has been with the division for 15 years, works to help tell the state's most expansive, diverse histories to all audiences, particularly the marginalized.
From a simple jalapeno remoulade to the classic cocktail sauce, our Liz Biro shares five easy recipes for sauces to complement fresh North Carolina oysters prepared at home.
Jessica Taylor, director of the Outer Banks Center for Dolphin Research and a science teacher at Manteo Middle School, is lead author on a recently published, peer-reviewed dolphin study.
History Illuminated: Hatteras Light's 150 Years
Author, researcher and contributor Kevin Duffus shares his findings that depict the the story of what he calls "America's lighthouse" and the people connected to it.
'King Mack' Is Back for Musical's 35th Year
The Coastal Cohorts — Bland Simpson, Jim Wann and Don Dixon — are set to mark the 35th anniversary of "King Mackerel and the Blues are Running" by raising money for coastal N.C. nonprofits.
Its Rehab On Hold, Currituck Light Turns 145
As caretakers mark the 145th anniversary of the Currituck Beach Lighthouse, the pandemic has temporarily halted a restoration project that began earlier this year.
Outer Banks Sites, Businesses Embrace Fall
The Outer Banks saw a busy fall and businesses and historic sites welcomed the opportunity to offer autumnal-themed activities while enjoying the cool weather.
Vampire Film Puts Spotlight on Ocracoke
An independent movie based on a 160-year-old vampire on Ocracoke Island is currently being filmed in the village and highlights the community's resiliency.
Blackbeard, Crew Were Pawns In Failed Coup
Author Kevin Duffus writes that pirate historians have failed to consider Blackbeard and his crew were unwitting pawns caught up in what turned out to be a failed political coup.
Blackbeard's Final Battle: Sorting Facts, Fiction
The truth about Blackbeard's Battle at Ocracoke conflicts with popular interpretations and numerous published accounts, according to author Kevin Duffus.
Pages1234Next


Occasionally the most gorgeous items are the basic kinds. I am certain you have witnessed and have been amazed by wonderful complicated versions and toys with lots of electronics and extravagant stuff – nowadays they can be identified just about everywhere. But failed to you delight in the straightforward wood toys from your childhood? They are unable to compete with present day toys on bells and needs but still amaze us with their simplicity and perfection.
Frequently the greatest designs are produced of the simplest materials. Is there a materials less difficult than paper?
If you hope your child to grow to be an architect, consider to get it eager on building paper properties! It truly is a fantastic way to understand about structures and shapes. Building an state-of-the-art paper house will be a really complex project and is ideal for even larger children. But even a 6 yr previous can establish a very simple sq. If you want to read more in regards to paper cat check out the web site.
Even the simplest paper residence will demand at the very least two sheets of papers, cutting and a drawing system. If needed, you can assistance your little one with the ideas but it can be wonderful to depart it try with its possess imagination. All that the very first property desires is four walls, window, door and a roof.
Once the kid develop into relaxed with the simple initiatives, you can attempt building a extra sophisticated property with true rooms within. A different way to aid the kid go into the much more sophisticated things is to use some of these papercraft textbooks which have total sized coloured drawings.
The moment you have a paper house construct, why never you go ahead with the furnishing? Tables, beds, chairs, Television sets, fridges… There are so many simple pieces of home furnishings that you and your kid can build with each other.
Truthfully building a table or mattress is substantially less complicated job than building a paper household. So you may really prefer to begin with that to start with.
Have you at any time listened to about origami artwork? It commonly includes a solitary sheet of paper and the styles are created by only folding! The most well-liked issue of the origami craft are animals – birds, elephants, crocodiles, canine and cats, horses, monkeys and extra… What a wonderful way for your little one to find out much more about the animals!
Making origami versions is a craft itself and is quite distinct than the other types we examine here. Even though it's wonderful sufficient to instruct your little ones to it, I would suggest you mix origami models with some of the other designs I stated in this posting.
If you have a boy, he may be very fascinated in creating paper cars and trucks or motorcycles. Wow, which is really hard! Not so a great deal. Technically the hardest portion of creating a paper vehicle are the wheels. If you have utilized papercraft publications you have observed the small cogs that are used to join the curved areas of the wheel. If you are building the automobile by yourself, you will will need to think about this.
For absolutely sure your invest in will be pleased plenty of to make paper cars working with books with comprehensive sized plans, but if you want to truly build his imagination, consider to design and style the product alongside one another with a pencil and a ruler.
The paper airplanes are inside of the most liked papercraft and toys. It is actually superb that you can easily create a toy from paper that truly flies. Most paper airplanes are reasonably easy to construct and at the exact same time are great stimulation for the kids creativeness.


To make the history of the Israelites easier to follow I am going to build a series of timelines describing their history. We start the history of the Israelites by placing the most recognized prophets of the Bible to the time of Isa al Masih (PBUH) in a timeline.
This timeline uses the Western calendar (and remember this is all BC or BCE dating). The width of the bars shows how long that particular prophet lived. Ibrahim and Musa (PBUT) are important for their Signs which we have looked at already. Dawood (or David – PBUH) is recognized because he started the Zaboor and he was the first King of a dynasty that ruled from Jerusalem. Isa al Masih (PBUH) is important because he is central to the Injil.
We see in the green period that the Israelites had been living as slaves in Egypt.
This period of time started when Yusuf (or Joseph) great-grandson of Ibrahim (PBUT) led his people to Egypt, but they became slaves there. Musa (PBUH) led the Israelites out of Egypt with the Passover Sign.
So with Musa (PBUH) the history of Israelites changes and it is now shown in yellow.
They live in the land of Israel (or Palestine). Musa (PBUH) pronounces the Blessings and Curses on them at the end of his life – when the timeline goes from green to yellow. So for several hundred years the Israelites live in this land promised in Sign 1 of Ibrahim. However they do not have a King, nor do they have a capital city of Jerusalem – it belonged to other people in this time period.
However, with the sending of Dawood (or David) about 1000 BC to the Israelites this changes.
Dawood (PBUH) conquers Jerusalem and makes it his capital city where the King's palace was and he was anointed as King by the Prophet Samuel (PBUH). And his son Suleiman (or Solomon), also famous for his wisdom, rules as his successor. Suleiman builds a wonderful Temple to the LORD in Jerusalem. The descendants of King Dawood continue to rule for about 400 years and this period is shown in light blue (1000 – 600 BC). This was the glory period for the Israelites – they started to see the Blessings promised. They were a world power, had an advanced society, had culture, a Temple and this was the period when many prophets had messages from Allah and they are recorded in the Zaboor that David started. But the reason that there were many prophets sent was because the Israelites became more and more corrupt, worshiping idols, and disobeying the Ten Commandments. So Allah sent them prophets to warn them and remind them that the Curses of Musa would come upon them. But the Israelites did not listen.
So for 70 years, the period shown in red, the Israelites lived as exiles outside the Promised Land.
After that, the Persian Emperor Cyrus conquered Babylon and Cyrus became the most powerful person in the world. And he issued a decree that permitted the Israelites to return to their land.
However they were no longer an independent country, they were now a province within the vast Persian Empire. This continued for 200 years and is shown in pink in the timeline. During this time the Temple was rebuilt (known as the 2nd Temple) and the last prophets of the Old Testament had their messages.
And then Alexander the Great conquered the Persian Empire and made the Israelites a province in his Empire which also continued for another 200 years. This is shown in dark blue.
Then the Romans defeated the Greek Empires and they became the mighty Roman Empire. The Israelites again became a province in this Empire and it is shown in light yellow. The prophet Isa al Masih lived in Israel in this time. This explains why there is a Roman Governor and Roman soldiers throughout the account of the Injil – because the Romans ruled the Jews in the Land during the life of Isa al Masih.
However, from the time of the Babylonians (600 BC) the Israelites (or Jews as they were called now) had never been independent again as they had been under the Kings of Dawood. They were ruled by other governments of other people. They resented this and after the passing of Isa al Masih they revolted against Roman rule. A war of independence started. But the Jews lost this war. In fact the Romans came and destroyed Jerusalem, burned down the 2ndTemple and deported the Jews as slaves across the Roman Empire. Since this Empire was so vast the Jews were effectively dispersed across the whole world.
This is an important Sign to us to take the Prophets' Warnings very seriously – because there will be warnings for us as well.
Of course this historical survey only goes up to about 2000 years ago. Click here to see how the blessings and curses of the prophet Musa (PBUH) concluded into our modern times.


text:
create class t1(col1 integer, col2 varchar(20));

insert into t1 values(101, 'aaa');
insert into t1 values(102, 'bbb');
insert into t1 values(103, 'ccc');
insert into t1 values(104, 'ddd');
insert into t1 values(101, 'aaa');
insert into t1 values(102, 'bbb');
insert into t1 values(103, 'ccc');
insert into t1 values(104, 'ddd');
insert into t1 values(101, 'aaa');
insert into t1 values(102, 'bbb');
insert into t1 values(103, 'ccc');
insert into t1 values(104, 'ddd');
insert into t1 values(101, 'aaa');
insert into t1 values(102, 'bbb');
insert into t1 values(103, 'ccc');
insert into t1 values(104, 'ddd');

delete from t1
where col1 = 101
and rownum < 5;

drop class t1;