Difference between revisions of "Blockchains/Meeting Notes 2017-04-10"
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* Legal (tax) ramifications: Capital Gains. | * Legal (tax) ramifications: Capital Gains. | ||
| + | ==== Video ==== | ||
* We watch a video with Andreas Antonopolis: Foremost educator on Bitcoin | * We watch a video with Andreas Antonopolis: Foremost educator on Bitcoin | ||
** [https://www.youtube.com/watch?v=i9nUMvpT2rM Blockchain for Beginners - YouTube] | ** [https://www.youtube.com/watch?v=i9nUMvpT2rM Blockchain for Beginners - YouTube] | ||
| − | + | ||
| − | + | ||
| − | + | ==== Types of blockchain currency ==== | |
| + | * [https://coinmarketcap.com/ CryptoCurrency Market Capitalizations] | ||
| + | * [https://augur.net/ Augur] - a "betting" site; deals with contracts | ||
| + | * Based on [https://www.ethereum.org/ Ethereum] | ||
* DAO - Decentralized Autonomous Organization | * DAO - Decentralized Autonomous Organization | ||
** eg. Ethereum | ** eg. Ethereum | ||
| Line 22: | Line 26: | ||
** "The mining network" determines whether a fork of the blockchain can happen | ** "The mining network" determines whether a fork of the blockchain can happen | ||
| − | + | ==== How does the blockchain determine "truth"? ==== | |
** The longest chain wins | ** The longest chain wins | ||
* "Rolling back the chain" | * "Rolling back the chain" | ||
| Line 28: | Line 32: | ||
** miners | ** miners | ||
| − | + | ==== Quantum computers?==== | |
** Will change the game! | ** Will change the game! | ||
| Line 35: | Line 39: | ||
** This is a problem, they can determine the validity of transactions | ** This is a problem, they can determine the validity of transactions | ||
| + | ==== Wallets ==== | ||
* Wallets are Public/Private Key encryption containers | * Wallets are Public/Private Key encryption containers | ||
| Line 43: | Line 48: | ||
*** Just copy 'n' paste your public wallet address | *** Just copy 'n' paste your public wallet address | ||
| − | + | ==== Other blockchain technologies ==== | |
** Don't trust ''The Cloud''? | ** Don't trust ''The Cloud''? | ||
** Authentication | ** Authentication | ||
Revision as of 12:21, 7 May 2017
Contents
Blockchains
- Date
- Monday, 10 April 2017
- Event Announcement
- https://www.meetup.com/NetSquared-Kitchener-Waterloo/events/237778947/
- Location
- Communitech Jelly Bean Room 1st Floor, 151 Charles Street West, Kitchener, Ontario Map
What's a blockchain? Is this all about math? How do I make Bitcoin payments? How can I receive Bitcoin donations on my Website? Are there other blockchain currencies? What services exist for blockchain currency exchange? Is blockchain technology good for more than just Bitcoin? What blockchain tools exist for Non-Profit organizations?
Marc and Bob ask the questions, and special guest Kris Stinson will be on hand to provide the answers!
See you at the meeting!
--Marc and Bob.
- Today we're joined by guest Kris Stinson (@StinsonKris on Twitter)
- Lots of media attention, "blockchain this, blockchain that", they're trying to sell you a database
- Microsoft, IBM, governments (even Canada: Cancoin)
- Banks are threatened, unregulated currency (scary!)
- Japan has approved Bitcoin as a currency (legal tender)
- Legal (tax) ramifications: Capital Gains.
Video
- We watch a video with Andreas Antonopolis: Foremost educator on Bitcoin
Types of blockchain currency
- CryptoCurrency Market Capitalizations
- Augur - a "betting" site; deals with contracts
- Based on Ethereum
- DAO - Decentralized Autonomous Organization
- eg. Ethereum
- A decision by this DAO split Ethereum into Ethereum and Ethereum Classic
- Now there are miners working on both branches of the blockchain
- "The mining network" determines whether a fork of the blockchain can happen
How does the blockchain determine "truth"?
- The longest chain wins
- "Rolling back the chain"
- database
- miners
Quantum computers?
- Will change the game!
- Winkelvoss brothers
- Own over 50% of bitcoin?
- This is a problem, they can determine the validity of transactions
Wallets
- Wallets are Public/Private Key encryption containers
- How to get a Bitcoin Donation buttton on our Non-Profit Organization website?
- Just need to publish your wallet's Public Key, no "button" required
- But Shifty Button | ShapeShift | The fastest way to swap cryptocurrencies. No account required
- This will generate a button for multiple currencies;
- Just copy 'n' paste your public wallet address
Other blockchain technologies
- Don't trust The Cloud?
- Authentication
- Filesystems
90 minutes was far too short to cover all aspects of Blockchain Technology; we'll invite Kris Stinson back someday.
