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Messages - Travis Patron

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Bitcoin / The Bitcoin Enabled Browser
« on: March 09, 2016, 11:50:39 AM »
I'm not sure how many here have seen this yet, but a company called Brave is intending on integrating bitcoin payments directly into the browser so that users can avoid on-page advertising in favor of sending a small sum of bitcoin to the website.

You can take a look at what exactly Brave is trying to do on their company homepage.

I have signed up for the beta release and have messed around with it for only a short while. Although it is clear the project is in its early stages, something like integrating bitcoin micropayments for less "in-your-face" advertising could have huge implications for the way websites monetize their content today.

Suggestions / Looking For Forum Moderators
« on: March 02, 2016, 09:58:13 PM »
Welcome everyone to the forum!

What we strive to provide here is an outlet for conversation around the emerging digital economy. We can use this forum to share information and ideas with other people who have similar interests and, although we are still early, our membership is indeed growing.

On another note, we are actively looking for moderators to help this forum succeed. If you have experience preventing spam from webs services, moderating constructive conversation, and attracting new members through online marketing and promotions, then you may be a good fit for a moderator position. We fully intend on growing the Diginomics brand and to be granted an early designation as a moderator could be a great opportunity to help the community grow.

Feel free to share any thoughts, articles, questions or more on the digital economy!

Interested In Being A Moderator?

We are currently looking for 1 - 3 users to serve as forum moderators. Essentially, this position would be in charge of keeping the forum growing and in good condition. This includes removing spam, making should users are following forum guidelines, using outreach and online marketing to grow our userbase. Overall, the moderator position is for those who have demonstrated professionalism and are intent on seeing this forum succeed.

SEO and search engine marketing to bring new users in directly from search results would be a huge boom for the growth of this forum and something we are seeking.

In order to be considered for a moderator position, the following must be achieved:

  • Demonstrated strategy for growing online forums.
  • Demonstrated innovation in the bitcoin and digital economy industry.
  • Demonstrated keen sense of judgement for what is tolerated on this forum, and what types of activity are prohibited.
  • Conducted a Skype interview with myself.

In the future, there is a good chance this will be a paid position. As of now however, one of our biggest focuses will be on growing this forum. Consider this opening for a moderator position a chance to get involved with a growing brand and publication that will continue to attract a sizable audience in the months and years ahead.

Thank you for taking the time to read.

Bitcoin / Re: Winklevoss Gemini Exchange Is Approved For Launch
« on: March 02, 2016, 09:53:30 PM »
Tried the exchange just recently and bought Bitcoin with PayPal ,got quicktime.
Thanks UCIEX

___ - XRumer 12.0.16 + SocPlugin: the BEST soft for Facebook / VK / Forums / Blogs promotion!

How would you rate the exchange overall Ivano? I'd be interested in getting the perspective of someone who has used it.

Bitcoin / Re: The Bitcoin Gospel Documentary
« on: March 02, 2016, 09:52:28 PM »
The way I see it, I think bitcoin is going to be a long term currency in the gambling industry. It may not succeed as an alternative currency throughout the world, but it8217;ll have a special use in online casino.

Yes, I think bitcoin will be very empowering for the online gambling industry. Thanks Waltersr.

Ethereum / Why I Believe In Ethereum
« on: March 02, 2016, 09:32:26 PM »
On August 5th, 2014 I invested 1 bitcoin into the nascent, highly-ambitious cryptocurrency 2.0 startup known as Ethereum.

Rewind 8 months to January, 2014, and I had just returned from my voyages in Sweden, eager to connect with the bitcoin industry in Canada. One of the subcultures of the bitcoin community at the time was focused on smart contracting implementations of bitcoin technology – cryptocurrency 2.0 as they called it.

One of the people pitching ideas in this space was Vitalik Buterin. His ideas were exciting to me, and so I jumped in my vehicle and drove for 28 hours to Toronto to meet him. This was February, 2014. I still remember those frigid February nights, the long road, and the radio as the Denver Broncos were handed a crushing defeat by the Seattle Seahawks in Super Bowl XLVIII.

By working with the Bitcoin Alliance of Canada and alongside the early Ethereum team at Bitcoin Decentral in Toronto, I had the opportunity to learn about Ethereum first hand. When I had questions about what problems Ethereum could solve or which programming language I need to work on in order to be “ready” for Ethereum, I could go directly to Vitalik.

I wasn't exactly sure what to think, but the people working on it were some of the most forward-thinking people I had met. It started to dawn on me that the development team wasn't just aiming for a target no one else could hit, they were aiming for a target no one else could see. And so I decided to throw 1 bitcoin into the Ethereum crowdsale to see what would happen.

Fast forward 16 months, and that decision has net me $17,132 at current valuations.

The craziest part? I believe Ethereum technology today is where bitcoin was in 2010 – almost no one talking about it, raw infrastructure, lack of developers, and plenty of skeptics who don't bother to apply themselves to the learning process before sounding off.

Essentially, what Ethereum does is take bitcoin technology and add a Turing complete scripting language. Turing complete is a term which here means a system capable of performing any logical step of a computable function. An example of a technology in wide use today that employs Turing completeness is JavaScript, the programming language which powers the world wide web. Smart contract technology would describe a computer protocol which obviates the need for a contractual clause and instead is self-executing and self-enforcing.

Take the attribute of Turing completeness and add a globally decentralized, unownable, digital computer for executing peer-to-peer contracts and you have the protocol layer of Ethereum.

This is a world computer you can't shut down and you can't turn off.

“It is very possible that … one machine would suffice to solve all the problems … of the whole [world]”

– Sir Charles Darwin, 1946*

I'm confident that 2016 will be the year of the Ethereum virtual machine. So confident infact, that on February 17th I invested another 100 bitcoin.

Then I made our newest offering, the Ethereum Technology Course, open for preregistration at a 50% discount.

It has been said that the definition of insanity is doing the same thing repeatedly while expecting different results. If you were a skeptic during the Ethereum crowdsale, don't overlook this opportunity I am presenting you today. This is a technology which could usher in the next wave of internet-enabled innovation. The people who jump on this technology without hesitation, will have a first-mover advantage echoing the 90s internet boom which gave rise to many of the tech giants we glorify today.

This is the first fully-featured Ethereum technology course on the market. I can personally guarantee you that we will not stop improving the course content until it meets the standard of excellence you've come to expect from the Diginomics brand. I myself am currently working on an application using the Ethereum platform, and therefore you can expect this course to appeal to those with similar endeavors.

I cannot say with certainty what the price of registration will be when the course is completed. This is because we are still in the preregistration process. However, I can tell you that we will be increasing the price of registration during the month of March. For this I make no apologies. If you are reading this now and the 50% preregistration is still in effect, that means you have a chance to lock your place in this course at a heavy discount.

You can either claim your spot today and realize a ROI which dwarfs the price of registration or you can watch from the sidelines as this technology eats every job function from accounting to judicial law.

Registrants will be granted lifetime access to course content as we continue to improve the materials. Registrants will also have the option of completing a final exam and earning course accreditation, where it will be uploaded onto the bitcoin blockchain.

Don't miss this window of opportunity.

More millionaires will be made with Ethereum than any other technology in human history.

Travis Patron

Bitcoin / Re: The Bitcoin Gospel Documentary
« on: February 28, 2016, 05:31:36 PM »
I think the strength of bitcoin is the fact that your money can grow drastically larger in a matter of time and the weakness is just the opposite...But i think the good outweighs the bad when it comes to this New Currency. Eventually  bitcoins will be accepted by the masses. Accrue Now

___ - XRumer 12.0.16 + SocPlugin: the BEST soft for Facebook / VK / Forums / Blogs promotion!

The most common lie we live by in society is that tomorrow will be just the same as today. That someone is in charge. That the church, the schools, the state will take care of us.

The people accruing bitcoin today understand that it is a force that will not be stopped, and they are moving their chess pieces in place to take advantage of this. The future will be bright for these individuals.

Bitcoin / Conferences
« on: January 07, 2016, 02:40:34 PM »

Bitcoin / The Bitcoin Gospel [Documentary]
« on: November 18, 2015, 08:04:18 PM »
[Watch] - The Bitcoin Gospel

"A devoted group of entrepreneurs and activists believe they see the writing on the wall, and they're determined to add a new chapter. In their view, the world banks and governments harbor too much control over the financial vitality of the masses. But what if an ordinary citizen could bypass all the regulation and manipulation of the financial industry to become their own bank? The insightful new documentary The Bitcoin Gospel examines one such method for making this hypothetical a tangible reality.

The concept took hold in 2009 following the global financial crisis of the previous year. Rising from the ashes of that catastrophe, Bitcoin represented a tidal shift in the way we procure, save and spend money without involvement or interference from banks or other mediators. In short, this exciting new digital currency held the promise of a world in which we would no longer be slaves to the financial elite. Consumers could buy and sell goods anywhere around the world without the constrictions of currency exchange or conversion.

While the popularity of Bitcoin has blossomed since its initial inception, the system has faced significant hurdles and adversity along the way and a number of setbacks are now beginning to come into focus. In cutting out the middleman, Bitcoin provides an escape from the burdensome fees that banks and other institutions normally charge for traditional transactions. But that anonymity comes at a price; it may appeal to most users for their legitimate every day transactions, but it can also empower greater flexibility for criminal activities to flourish.

Detractors also claim that the rising prominence of Bitcoin has inspired exactly the sort of elitist society the system was devised to defeat. As a result of these and other concerns, the currency has inspired the critical eye of government legislators and major players from the monetary sector.

The Bitcoin Gospel covers all of these issues and more in admirably even-handed fashion. According to the evidence and testimony presented in the film, and in spite of its myriad of potential defects, Bitcoin represents a growing movement of citizens who want to redefine the nature of capitalism on a global scale."

Bitcoin / Current Bitcoin Price Rally
« on: November 02, 2015, 03:19:50 PM »
Ladies & gentleman, start your engines because bitcoin may be on the cusp of another rapid price climb.

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Historically, November has been an explosive month for the bitcoin price. In 2013, the price of bitcoin rallied to highs of over $1200 amid positive rulings in the USA on the potential for financial applications to be built using bitcoin technology.

Bitcoin could be in the early stages of a similar price rally to what transpired over the course of late 2013. This time, the exchange infrastructure is at a level where large investment is active in the space.


  • European Union Court of Justice Rules Bitcoin Transactions VAT Exempt – By removing value-added taxation, bitcoin can flow freely between other currencies and is not subject to sales tax when transferred. With this ruling, many of the top bitcoin businesses in Europe are breathing a sigh of relief.
  • Gemini Bitcoin Exchange Targeting Institutional Players – “… we are going after a very large market that is to date completely underserved or not even in Bitcoin at all”, Cameron Winklevoss said about the launch, “I think it’s a good thing that there are multiple efforts trying to build bitcoin infrastructure (including Coinbase) so that we can get this thing to the moon.”
  • Chinese Driven Surge – China recently capped overseas cash withdrawals, signaling a tightening grip on capital controls and an increase in bitcoin buying pressure from Chinese exchanges

How high could bitcoin go this time?

Bitcoin / Can the Lightning Network Scale Bitcoin Sustainably?
« on: October 28, 2015, 02:22:15 PM »

The bitcoin lightning network is an off-chain payment channel that has the potential to provide instant, high-volume micropayments while removing the risk of delegating custody of funds to trusted third parties.

Could the lightning network technology offer a sustainable way to scale the main bitcoin blockchain?

Recently, we had the chance to ask one of the inventors, Joseph Poon, a few questions surrounding this new technology and how they are planning to use the lightning network to benefit bitcoin users.

Do you think the lightning network required serious consideration?

Bitcoin / EU Has Declared Bitcoin a Tax-Exempt Currency - Not a Commodity
« on: October 23, 2015, 03:07:52 PM »
Wall Street Journal - EU Rules Bitcoin Is a Currency, Not a Commodity—Virtually

This is one step closer to digital money eroding the power of national governments and moving us towards something much more complex. What kinds of implications do you see this having? Is it an accurate ruling, or do you disagree with the EU's top court?

Bitcoin / The BitLicense: Bad for Bitcoin Business?
« on: October 16, 2015, 02:41:40 AM »
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Agree? Disagree?

What's your take on the BitLicense and how do you see it affecting the landscape of bitcoin in the state of New York?

Further Reading: New York Is Losing Its Battle to Regulate Bitcoin - "It appears the New York Department of Financial Services is serving up regulations which could ultimately hurt a dynasty in what is otherwise a jurisdiction known for its financial prowess."

Bitcoin / 21 Inc. Releases First "Bitcoin Computer"
« on: September 22, 2015, 12:17:54 AM »
On the 21st day of the month, 21 Inc. released their first prototype "bitcoin computer" for preorder. Today I wanted to share some insights into why this may be the most important development in the bitcoin industry since the collapse of Mt. Gox in January, 2014.

Much like the original revealing of 21's business model, the announcement of the bitcoin computer is being met with much scorn and derision. Its not surprising to see such a widespread failure to recognize the ingenuity 21 Inc. is about to flood the bitcoin industry with.

How is this so? Think of the bitcoin generated by this embedded mining solution as a system resource much like storage or CPU. The bitcoin computer is not meant to compete directly with large mining pools in the bitcoin network, but provide a constant stream of bitcoin as a system resource for accepting worldwide payment for digital goods and services.

This is a small step for bitcoin mining, but a giant leap for the internet of things.

Bitcoin / Quick Recap: Scaling Bitcoin Montreal Conference
« on: September 16, 2015, 12:02:33 PM »
Scaling Bitcoin Montreal Sep. 12-13 | Hong Kong Dec. 6-7

This past weekend I had the fortune to attend the Scaling Bitcoin Conference in Montreal where most the main core developers were attending. (we were not sure if Satoshi was present) The main purpose of the conference was to encourage constructive inquiry into how key players in the bitcoin industry could scale up the payment network in a sustainable manner.

For anyone who has never been to a conference such as this in the past, it is very software engineer, technical audience oriented. You will not find the traditional business crowd here but a more serious, developer oriented audience. I welcomed this theme because it helped to focus entirely on the technicalities of scaling bitcoin software without the usual distractions of political decision making/ideological adherence.

Conference Slides
Presentation Transcripts
ScalingBitcoin YouTube Channel

642837519806148608[/tweet]]And certainly the after party.

I will be writing up a report on the conference in the near future, but I wanted to make some initial notes first.

As for my top 3 presentations?

There was common discussion among core developers that the bitcoin network can be scaled up in a sustainable manner whilst not compromising decentralization and censorship resistance. Adam Back and Jeff Garzik both mentioned the adherence to these principles in conversation and in their presentations. Both of these developers (along with the team at Blockstream) seemed to be strongly against a hard fork.

It is worthwhile to note that many companies in the bitcoin space stand to gain from decentralization, or likewise, centralization of the technology.

I also had a chance to speak with Gavin Andreson, the lead scientist behind bitcoin core, one-to-one. We didn't talk much about the XT fork but rather the period in bitcoin mining where it deviates from profitable to unprofitable in connection with the block having rate. You can view more about this phenomenon from Miles Carlsten's talk here:
The conference as a whole seemed to be an in-person alternative to the debates and discussions which already happen on core developer IRC channels. It is for this reason I do not recommend anyone who isn't interested in bitcoin technicalities to attend such a conference as it is serious and very technical. I would estimate I understood at most 50% of what was being discussed, and this is coming from a person who has wrote a book on bitcoin. For this reason, these conferences serve as a great resource to ask technical questions as the developers here are quick to help with accurate answers.

Numerous times throughout the conference, developers would split off from the main hall to form (somewhat secretly) their owns talks within the commons. If anyone is interested in getting involved with developing on bitcoin core, this is where I'd recommend they place themselves. When I was part of these talks, I mostly took a 'listen and learn' approach.

As for the city of Montreal itself, I think it just might have Toronto beat in terms of bitcoin innovation. This is debatable as I have attended and helped organize bitcoin conferences in both cities and they seem to go through boom and bust cycles. Right now seems to be a bust cycle for both, with Toronto focusing on Ethereum and Montreal on the technicalities of scaling bitcoin. Bitcoin Decentral is pivoting to focus more on 'decentral technologies in general' and has since partnered with the MaRS Discover District in Toronto. This is a common theme we've seen across the bitcoin industry, especially when the market value and media perception of bitcoin goes through boom/bust cycles.

The next Scaling Bitcoin conference is scheduled to be held in Hong Kong in December. If you are going, I would very much be interested in corresponding beforehand. Subsidized tickets will also be available, but expect them to be much more rare as the expenses of a westerner travelling to Hong Kong dwarf that of Montreal.

Keep an eye out for my 'official' recap of the conference.

Money / Re: A General Summary for John Nash’s Proposal: Ideal Money
« on: August 22, 2015, 01:15:32 PM »
I agree that the concept of ideal money is the carrot stick which can lead us to a better functioning society. As far as social cohesion goes, money is the social mechanism which acts to solve problems. This is why I am so very much about government intervention in this social mechanism, for if they "whack down" what appears to be a problem, another one springs right up in response. Government intervention may solve a problem in the short run, but in doing so, they only create a future, exacerbated problem.

One of the reasons I am such an advocate of bitcoin as a money system is it eliminates this ability for government intervention to create new problems. On top of the economic principles of bitcoin (limited supply, disinflation, industrial consumption index of hashing power, backed by time-bound algorithms which are magnitudes more intelligent than human judgement) I think it will develop into a form of money as close to Nash's Ideal as we have ever seen.

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