Created at 11pm, Jan 20
bsrcnncCrypto
1
Blockchain
qesDiCbOKJLmX9xWicKuemzR1g1um0srz8SKlDiWCEc
File Type
PDF
Entry Count
32
Embed. Model
jina_embeddings_v2_base_en
Index Type
hnsw

Blockchain

SEEKING SATOSHI While conspiracy theories are fun, it's mostly irrelevant Operational design published openly Protocol is opensource Code is opensource and has mostly been re-written Page 62 Copyright 2017 | All Right Reserved IS IT MONEY? Digital cash? Digital gold? HAS ALL THE SAME CHARACTERISTICS Durability Safe for long term storage Portability Easy to move around and spend Divisibility So you can spend small amounts Uniformity Each unit of value is equal Limited supply To preserve value Acceptability So you can actually spend it Page 64 Copyright 2017 | All Right Reserved IS IT LEGAL TENDER? NO! Legal tender is defined as coins or banknotes that must be accepted if offered in payment of a debt.Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. Cryptocurrencies arent regulated by any central bank. Page 65
id: 798562e68c361d46d5e332f9aebb2ea2 - page: 62
Copyright 2017 | All Right Reserved SO WHAT? Lots of things arent legal tender but still have value: Gold Diamonds Rolex watch US$ (outside the US) Page 66 Copyright 2017 | All Right Reserved WORLDS MOST EXPENSIVE PIZZA? 22nd May 2010 is Bitcoin Pizza day bitcoins first real world transaction Laszlo Hanyecz offered 10,000 BTC for 2 pizzas Someone in the UK phoned through the order using their credit card Then worth US ~$24 Currently worth US ~$2.4m Page 67 Copyright 2017 | All Right Reserved ECOSYSTEM DEVELOPMENTS One of the fasting moving in tech PARALLELS TO THE INTERNET Blockchains today have been likened to the Internet in 90s. Similar investment levels Similar excitement levels Similar visions of potential uses History doesnt repeat, but it rhymes: We expect similar... Similar path to maturity people, tools, process Similar adoption curve (perhaps faster) Evolution of protocol/services built on blockchains (perhaps faster) Page 69
id: 6dccd0917568825d71dba27f0c60de7a - page: 65
Copyright 2017 | All Right Reserved PARALLELS TO THE INTERNET Just as the internet revolutionised access to information, blockchains will do the same to multiple industrial verticals: Finance first It's what blockchains were built to do It's where the money is Non finance uses Specialist blockchains dedicated to one task Generalist blockchains to be used as a 'platform Brave new world/wild west still lots of learn and build Page 70 Copyright 2017 | All Right Reserved WHERE ARE WE NOW? General Public Developers Page 71 Copyright 2017 | All Right Reserved INVESTMENT INTO THE SECTOR Reid Hoffman (LinkedIn) Invested US$20M in Blockstream Personally Sir Richard Branson backed BitPay (Exchange) in a US$30
id: c4b0cbbc15e6dd94ad1bfe0991508cd7 - page: 69
Million Round Circle (Exchange) raised US$50 Million led by Goldman Sachs NYSE led a US$75 Million Investment in Coinbase (Exchange) US$1 Billion from VC funding is expected in 2015 Although this is a small cross section, the importance is the names, not the numbers! Page 72 Copyright 2017 | All Right Reserved EVOLUTION OF THE NETWORKS 1st generation networks transfer value bitcoin, litecoin, dogecoin Blockchain 1.5 technologies build upon existing blockchains by offering additional dependent layers and protocols allowing for unique offerings: NameCoin provides distributed DNS ColoredCoin, Counterparty and Omni can tag and track digital assets FileCoin and StorJ provide distributed CDN (content delivery network) with proof of bandwidth Page 73 Copyright 2017 | All Right Reserved
id: adde189032ee9052c72ee528870739eb - page: 72
How to Retrieve?
# Search

curl -X POST "https://search.dria.co/hnsw/search" \
-H "x-api-key: <YOUR_API_KEY>" \
-H "Content-Type: application/json" \
-d '{"rerank": true, "top_n": 10, "contract_id": "qesDiCbOKJLmX9xWicKuemzR1g1um0srz8SKlDiWCEc", "query": "What is alexanDRIA library?"}'
        
# Query

curl -X POST "https://search.dria.co/hnsw/query" \
-H "x-api-key: <YOUR_API_KEY>" \
-H "Content-Type: application/json" \
-d '{"vector": [0.123, 0.5236], "top_n": 10, "contract_id": "qesDiCbOKJLmX9xWicKuemzR1g1um0srz8SKlDiWCEc", "level": 2}'