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From the article:

Researchers at cybersecurity firm Kaspersky Lab say that ASUS, one of the world’s largest computer makers, was used unwittingly to install a malicious backdoor on thousands of its customers’ computers last year after attackers compromised a server for the company’s live software update tool. The malicious file was signed with legitimate ASUS digital certificates to make it appear to be an authentic software update from the company, Kaspersky Lab says.

From the article:

Researchers at cybersecurity firm Kaspersky Lab say that ASUS, one of the world’s largest computer makers, was used unwittingly to install a malicious backdoor on thousands of its customers’ computers last year after attackers compromised a server for the company’s live software update tool. The malicious file was signed with legitimate ASUS digital certificates to make it appear to be an authentic software update from the company, Kaspersky Lab says.

years from now, i wish that Syria will be a peaceful country!

Serdem recruiting throughout Northern Syria which i find a good development for society as he also believe that with new form of institution with a high level of technology , that can develop useful tools for society and achieve a good relationship to nature

http://archivecaslytosk.onion/W5pqv

https://archive.is/W5pqv

Innuendo, suspicion, "findings", "study"... ZERO EVIDENCE. Of course some volumes are inflated to look good using questionable methods. Smart money knows that. And it's especially true on the shadier exchanges trying to posture for business. And because everyone knows it, it's priced in. The notion that crypto is more corrupt than wall street is ridiculous. Regulations would merely entrench the corruption under the guise of legitimacy. Show the evidence, and it will be priced in.

This "news" has been well understood by everyone for years and years and years. All it demonstrates is that coinmarketcap.com has been accepting patently false data from any website which happened to call itself an "exchange".

A reaction from twitter. https://i.imgur.com/wP11Hh6.png

Binance is such a piece of shit centralized exchange. Looking forward to never using them again!

What a joke

Wonder how all the decentralization projects are moving towards centralized participation and distribution 😂

Shocking how so many are turning against Binance now. Also shocking how few see BNB’s value prop...still...in 2019...as the native token of the #1 exchange.

I’ll be back to check y’alls blood pressure when Binance adds OCO orders and margin trading. Should be fun.

Binance makes crypto be more centralize

whats a good alternative to binance? i dont like bittrex and bitfinex

Binance is the cancer of crypto.

yeah saw on twitter, this is bad for retail investors and very very good news for whales >.<

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also look at the price bump in BNB token, https://coinmarketcap.com/currencies/binance-coin/

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am assuming whales that dont have 500 BNB or have lower amounts of BNB are buying up to have more than 500+ to get the max out of the new system

Welcome to binance’s new scam tactic.

So basically if I have less than 100 bnb I cannot participate in any manner. This explains the surge in price.. ppl hurry to accumulate bnb

Let's make the rich richer!!!!

Oh god so now it really is impossible to buy on launchpad. Instead you got to play the lottery and lose there everytime.
Awesome.

'C'-simple.... but it's written in python ?

The playstore link seems to be wrong. 'No such app'

I don't really see how this can be justified without a full account of the current EF funding state. Do they need additional funds? I was under the (possibly mistaken) impression that they already have plenty.

Generally I am against anything that orientates part of the protocol to any single entity (e.g. the EF). I would be more in favour if there was some way to distribute the funds in a decentralised way, but agree that DAO's are too early for this right now.

So now the Ethereum Foundation is looking for a bailout just like Parity and GPU miners. Can we please focus on the roadmap and stop wasting time on these bailouts that never will happen?

So now the Ethereum Foundation is looking for a bailout just like Parity and GPU miners. Can we please focus on the roadmap and stop wasting time on these bailouts that never will happen?

I get the seeming Pareto-improvement logic of this nifty proposal, but I am against it, because it establishes the precedent of a taxation-like direct monetary link between base layer and and an arbitrary agent , the EF. That opens up a scary can of worms.

I reject any dev fee to the EF unless it becomes radically transparent first.

Public goods are subjective. I reject any dev fee unless there is a sybil resistant method for the community to vote on where the money is spent.

Solve these two problems then maybe we can talk about it.

Otherwise theres 0 chance the community will allow a centralized authority to spend their tax dollars(ethers)

please let us not open pandoras box

0.1 per block could become far too much money, creating an ill-motivated monster. Protocol-based funding ought to target some sort of real-world value.

Largely agree with funding public goods through inflation, but it should be managed by a community-operated DAO (not the Foundation). The Foundation can have voting rights within the DAO, but not absolute power. There should be a clear mandate to communicate how these funds are spent in a radically transparent manner. Strongly disagree with how the Foundation handled the grants recently, for example, and would not like to see more of the same behavior.

I should add the funding issues faced by many teams right now is in large part a result of the initial token sale allocation. Expecting the community to shell out even more to cover for that oversight seems misguided and unfair.

Isn't this pork-barrel politics, blockchain style?

What is the justification for reducing the issuance? I was told by econoar that 2 eth/block was optimal and not arbitrary.

Have you done any calculations of how much money is expected to be raised in this manner? I'm not completely opposed as long as it's only temporary but I'm not keen on setting what is in my opinion a terrible precedent for a relatively small amount.

As useful as it is to give the EF more funding, the precedent this sets pushes governance norms too far from those that engender decentralization. Protocol changes should be limited to strictly technical upgrades.

I think this is a good proposal.

I support inflation funding for dev and ecosystem growth. I also think it's important to recognise that ETH holders will be bear this cost so should directly influence it's direction. This could be simply accomplished by a carbon vote or similar mechanism dictating who the recipient(s) is/are. Implicit in the reduction of issuance paid to miners is the acceptance that that issuance is not needed for security. Then, as inflation, it is coming out of existing ETH holders pockets. Simple priority and preference signalling from ETH holders (ETH curated lists, better carbon vote, etc.) can then be used to dialogue with the recipients of the funds and keep them accountable.

Its a good proposal, certainly worth considering. Two points:

1. Is it needed? Does EF need money? I also like that is only temporary, but if in the short term EF doesn't need more funding, then it doesn't solve anything.
2. Miners who bought ASICs get screwed over. IMHO unfairly.

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Anyway I'd likely support it. It's very true that perfect is the enemy of good

No this is taxation and promotes the EF into an elitist government position.

This can be done voluntarily now. No one is doing it. Forcing a protocol change to enforce it is tyranny.

It's something that can be done voluntarily, now. No one is doing it. There is no reason to legislate it with code.

It creates a perverse incentive for future justifications of taxation.

It opens the door for "Why don't we just...

extend the time period...

increase the amount...

etc...

conversations that should never happen in the first place.

Why EF? Why not EFF or Mickey Mouse or Murray Rothbard's corpse?

How do you know EF will pick the correct winners and losers?

The author literally mentions how the innate power of Ethereum to launch a DAO that reflects the community sentiment won't happen. People will launch DAOs for Yelp reviews. The OP, assumably, thinks this is more important than Yelp reviews. I see this as evidence the OP is an extreme minority and no one else agrees with them. Which is only further evidence they are a tyrant if they are willing to force change on everyone else to suit their god-emperor worldview

This is a fundamental misunderstanding of the technology imo.

It entrenches that privileged, elite, address in a position of government over the rest of us.

I'm a huge fan of you Evan but I'm highly against this proposal.

> Why should I like this if I’m an….

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… Eth holder: inflation goes down

… Eth developer: more money for more projects (and possibly better salaries?)

… Ethereum fan: more public goods get funded immediately

… Ethash GPU miner: because this will make ProgPoW much more likely to happen.

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Eth holder: Inflation has less impact on price than most people think. 0.2/block is not significant.

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Ethereum fan: A tax which goes to a central authority would be against decentralization. Who decides where the money goes? This proposal is against every ethereum fan in terms of ideology

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On mining: ProgPow is a hard topic but I think it doesn't give us any longterm gain and increase the possibilty of a chainsplit which is not in the interest of anyone...

I'm a huge fan of you Evan but I'm highly against this proposal.

Why should I like this if I’m an….

… Eth holder: inflation goes down
… Eth developer: more money for more projects (and possibly better salaries?) 
… Ethereum fan: more public goods get funded immediately
… Ethash GPU miner: because this will make ProgPoW much more likely to happen.

Eth holder: Inflation has less impact on price than most people think. 0.2/block is not significant.

Ethereum fan: A tax which goes to a central authority would be against decentralization. Who decides where the money goes? This proposal is against every ethereum fan in terms of ideology

On mining: ProgPow is a hard topic but I think it doesn't give us any longterm gain and increase the possibilty of a chainsplit which is not in the interest of anyone...

I'll copy my reaction: https://www.reddit.com/r/ethtrader/comments/b47hb7/a_simple_way_to_fund_more_public_goods_in/ej4vhf4/

How do you feel about the proposal but without the ProgPow discussion? I don't see why you try to solve both problems at once. ProgPow (and I'm one of those ambivalent ones) and protocol/infrastructure funding are two very different things.

Some people will argue that you're sneaking in either ProgPow or EF funding, depending on what they (don't) want to happen. If you'd had to drop one proposal, which one would it be?

/u/EvanVanNess how do you feel about the proposal but without the ProgPow discussion? I don't see why you try to solve both problems at once. ProgPow (and I'm one of those ambivalent ones) and protocol/infrastructure funding are two very different things.

Some people will argue that you're sneaking in either ProgPow or EF funding, depending on what they (don't) want to happen. If you'd had to drop one proposal, which one would it be?

I like this idea.

Dropping a link here for this discussion which is occurring on r/ethereum as well: https://www.reddit.com/r/ethereum/comments/b47h2x/a_simple_way_to_fund_more_public_goods_in/

Thanks for sharing. I'm personally open to rational discussions of modest issuance-funding- especially since we can expect net issuance to only decline from this point anyway. The hardest part of managing this is the administration of those funds. I am not equipped to produce these analyses, but I'd like to see the following before saying we should pursue it further (probably directly from the EF):

1. Provide a proper analysis of current EF funding, and why it is insufficient to meet either current dev needs and/or long term dev needs. My understanding is that the EF has ~$70m of ETH and ~$30m in fiat. Are they currently gun shy to spend more due to the possibility of a prolonged bear? Or do they feel there are not enough worthy efforts to fund? Or that additional funding is not required for current efforts? This should be like any business investment- driven by a clear expectation around long term ROI, even if it is not fully quantifiable. Right now, this is difficult because as far as I know, the EF hasn't even asked for more money via such a mechanism (perhaps because it is likely to be controversial).
2. Identify a proper set of processes (and organization) for the EF to manage these funds appropriately. This ranges from fund security to how the funds would be allocated to prospective projects / needs, minimizing the possibility of grants being made based upon favoritism. The EF cannot be seen as a kingmaker, but it can (continue to) be seen as a strategic accelerator.
3. Determine if such funding is needed in perpetuity is also something we should consider, or at some point, would the EF have enough to fund itself in an on-going manner without additional issuance rewards. I do see a risk, for example, of the Foundation in 100% fiat. Fiat accounts can still be seized, but leaving the money as ETH brings volatility risk.
4. Analyze if other mechanisms might be more effective to stimulate ecosystem development (e.g., put something in the protocol which allows for clients to collect a reward if miners / stakers use this software), although this introduces the possibility of negative competitive behavior among client teams, or for open source software forks which redirect the reward to others.
5. Think critically around the role of the EF as Ethereum transitions from a network under rapid technological evolution, to one which is actively supporting an economy which is perhaps worth trillions of dollars. i.e., I could see a day when the most important organizations to Ethereum are not the EF, but other dev / user organizations, private companies, DAOs, governments, etc. The EF has to be ready to mature with those changes in the landscape- especially if they are granted funding at the protocol-level.

Here’s the simple 3 prong plan:

• Implement ProgPoW if audits are passed.

• Mining rewards are reduced to 1.8 ETH per block.

• 0.1 per block goes to a new address administered by the Ethereum Foundation (EF) to be spent exclusively and transparently on public goods

Why should I like this if I’m an….

… Eth holder: inflation goes down

… Eth developer: more money for more projects (and possibly better salaries?)

… Ethereum fan: more public goods get funded immediately

… Ethash GPU miner: because this will make ProgPoW much more likely to happen.

It's an interesting proposal and all stakeholders get something out of it, and leave not 100% happy, which means it's maybe a good compromise.

Key question for me that people will weigh: Does reducing inflation directly outweigh the mimetic impact of introducing funding via block rewards?

I am personally ok with funding public goods via the EF via block rewards and other chains are using mechanisms like this effectively. It's a simple, small but powerful alignment of economic incentives between current holders/users/participants and potential developers. It's pragmatic and deals with a current constraint all of Ethereum's ecosystem faces together -- funding continued, competitive development of ETH 1.x and 2.0 both as well the funding of all Ethereum public goods.

Cross posted from r/Ethereum

Adding Mimble wimble doesn't let us audit for inflation bugs in the code though

Nice article, love to see the pros & cons of the different protocol’s privacy features

Pumped to see this coming to Litecoin now I understand how it compares to Monero/Zcash a little better.

Why shouldn't we make MW txns the default? If I am the only MW user, surely my txn history can be linked together...

Nice article but it's more focused on fungibility. Can MimbleWimble make Litecoin as scalable as there won't be any need for a 2nd layer?

It does not need it. But it will surely help adoption.

Well written and easy to understand article. Thanks for the rundown on all the different types of privacy solutions.

Very exciting news! I will be ready for the hardfork.

Oh goody, more useless FUD.

Wallstreet never wants to do anything if there is little or none of losers. Crypto now is not popular, boring. SO why to waste time? They would love to be in in times like 2017 december was.

Such BS. And paywalled. Muhhahahhaaaaa

Paywalled.

I’m shocked that they wouldn’t want to participate in a rigged game with the winners already decided. SHOCKED!

It's time to clean up this space guys.

Social engineers who specialize in spreading fake positive news, censorship of bad news or the smear and harassment of critics currently rule in crypto. They need to go.

Marks always discover the truth at some point... "once bitten twice shy."

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Hahahah, thanks I needed that laugh.

Dinosaurs talking about asteroids, tick! tock!

Bitcoin doesn’t need Wall Street, that’s a huge misconception.

I legitimately thought we hadn't got out of the previous recession yet. Huh.

The yield curve is the difference between the yields on longer-term and shorter-term Treasuries. A yield curve inversion happens when long-term yields fall below short-term yields. It has historically been viewed as a reliable indicator of upcoming recessions.

Why? While the short-term side of the yield curve is mainly driven by Federal Reserve policy that reflects current economic strength, the long-term end of the yield curve—10-year Treasuries and further out—is thought to indicate bond investors’ long-term views of the market.

If bond investors are bullish on the economy and believe interest rates will go up, they are more willing to hold short-term bonds and hope to harvest the higher yields later on. On the flip side, if bond buyers believe the economy is heading downward and interest rates are likely drifting lower, they’d prefer to hold the longer-term bonds in order to lock in the current higher yields.

In that case, the higher demand for longer-term bonds will drive up their prices and lower the yields. Yields on long-term bonds are usually higher during economic expansions because bond investors need more compensation to be locked in. But when the sentiment gets too bearish, the long-term yields can fall below the short-term yields.

That’s what’s happened Friday.

Experts are split on which yield curve is the most reliable, but the Fed prefers looking at the curve between the 10-year and three-month Treasuries, which on Friday turned negative, to minus 0.196 percentage points.

While a yield curve inversion has preceded recent recessions, it doesn’t happen immediately, and the lead time has been very inconsistent. Historically, a recession can come anywhere from one to two years after the curve flips upside-down, and the stock market usually continues to gain from the day of the inversion until its cycle peak.

So we’ve got more time to watch.

So we had a post on this yesterday; I'll have to remove this as a dupe, I'm afraid.

https://youtu.be/dTAAsCNK7RA

Much of curve was already inverted. Global QE and CB intervention make it hard to say what we're even looking at though -- and tbe latter is the the scary part. Friday's "reporting" from fin "press" has been odd, clickbaity garbage. The algos and press will step up the panic when 2s and 10s invert. ~10bps spread. Can't stress enough we don't know what much of this means. Global QE with negative rates was basically science fiction less than 10 yrs ago.

All par for the course.

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If people are willing to take less money to lock their money up for a longer period of time it means they are pessimistic about the near term which is offering a higher return.

More often than not a inverted yield curve precedes a recession. A old bond trader told me "Buy the 30 year when the yield curve is inverted"

It means that short term yields are higher than long term yields...

Buckle up - Yield curve inversion has been a 100% indicator historically, assuming it persists.

Amazing post thanks for sharing.

Awesome analysis, shockingly fitting regression! This is a solidly data-driven market analysis and eventually a price prediction, which is not even the core of the topic.

Consider posting this in /r/dataisbeautiful

I like the model, as it nicely explains the past from a simple principle. I also think it has merit to explain the next cycle or two. But what I don't like about it is that it keeps predicting ~10x price in each and every price cycle. Exponential growth without any saturation mechanism or slowdown appears unrealistic.

If this scarcity-based model is more accurate, it predicts even faster rise of price than the typical logarithmic chart we usually see, e.g. here

That is because the S/F ratio will increase exponentially with time, not as a power law.

I'm fine with both ;-)

Making something hard to obtain doesn't make it valuable. Neither is work volume a measure of value. Value is subjective and ideological. You must asses the object as good, productive, or useful in order to give it a positive value. And unless that object is the sole source of a particular human need, then its value is subjective. Even then, a person's own estimation of the value of their own life is essential to determining the value of an object required to continue that life. As a trader who is looking to assign value to their objects, the best you can do is look for market prices of comparable objects. In the area of new technology, where no comparison is available, you have a very complicated, actually impossible calculation. You need to predict future desirability, future utility, and future competition. That's why, until Bitcoin's place in the future financial system is established, its price discovery is going to be a challenge. I think you have to start there; at where you believe Bitcoin will fit in the future of financial tools, which involves also predicting the effectiveness of Bitcoin's competition within this crypto market.