Bruce fenton bitcoin wiki
This page aims to capture some of the thoughts from Bruce Fenton and some of the core devs about RavenCoinit's purpose and future. It's not comprehensive, just some of the interesting comments spotted on the community chats. Discord 1 refers to the original discord which has since been deleted by it's owner. Discord 2 refers to the 2nd discord that was set up by the community. Links on community page. The accusations that this was somehow shady are doubly preposterous to anyone who actually understands math.
Work out the numbers: The launch was announced MONTHS ahead of time - posted on medium, bruce fenton bitcoin wiki on twitter — announced at four major public events and posted publicly. THIS is why it grew so fast — obviously if people mined then that means far more than that found out about it.
One benefit to exchanges is that Ravencoin is not a security — bruce fenton bitcoin wiki one of bruce fenton bitcoin wiki very few fairly mined coins with no ICO. Talking about a Twitter live stream. For people to believe in Ravencoin they first have to believe that this is possible. This demo shows that you can indeed tokenize a security. Using Bitcoin eliminates many objections from Bitcoin maximalists. If I did the demo with Rvn then people likely go off topic on the algo or assume raven itself is an ICO or something like that.
Once people get that securities CAN be tokenized then we can educate them about why this specific solution might work and what advantages and disadvantages it has. Ravencoin is based partly on Counterparty and uses the codebase of Bitcoin — will add more bruce fenton bitcoin wiki and eliminate some of the drawbacks Counterparty has.
Potential Loss of private keys is a massive drawback of crypto -- but it's the same for Bitcoin or any digital asset -- people will need to have systems to secure keys or will want to trust 3rd parties to manage them for them.
Bruce fenton bitcoin wiki not sure how much of a policy they have just that the whole company is very supportive of Ravencoin -- so lots of family and friends of Overstock and Medici are early and strong supporters. Biggest roadblocks is adoption and unforeseen technical hurdles - so biggest things a non dev can do is master the story and share it far and wide -- tell friends, tell bruce fenton bitcoin wiki, get people bruce fenton bitcoin wiki.
This can change the world -- people need to be freed ton control their own wealth and that means not just cash but stocks as well. This technology can do it. Some advantages of tokenized securities I just posted on twitter Anyone really interested in this project should definitely read up on how DTCC and Cede and co works. Ravencoin is Bitcoin but with commits approved based on preference of the blockchain serving as the rails for assets bruce fenton bitcoin wiki of cash or digital gold.
Well no one should be anything but proud to be involved in this. There are very few projects which are fairly launched and fairly mined. We all got together and bruce fenton bitcoin wiki something pretty cool very quickly. The common question of why we need this is because we think this way might work - that's all really yes there will be a Ravencoin annual meeting Mid October.
A blockchain can change the way gaming works. This seems silly to people who focus on monetary aspects like Bitcoin but it's an entirely different thing. In game economies are real and have real value - these bruce fenton bitcoin wiki items will have even more value if they become platform independent. This benefits the creators and sellers of these game assets as well -- one drawback is potential speculation -- game developers should note that adding liquidity adds profit speculators who can harm game dynamics bots, farmers, for profit players -- this could be dealt with several ways.
Crypto is a great equalizer. With a project like this anyone can participate and code is judged on merit alone. This would be open source and could be used by any community member to explain the project and concepts. Once that part is set and the text is good we can put it into a good format, add graphics and simple explanatory animations. I'd be happy to help anyone on this -- we should be able to use a section of github to place the explanatory text so it can be edited and updated over time.
It's possible that this community has built the largest and strongest decentralized network anyone has ever built in such a short time. Does anyone know another which compares? Very few coins have a stronger network -- both Bitcoin and Eth took years to reach what you built in less than days. The future is bright. This makes things like partnerships impossible in the sense of how they are done by centralized coins. Ravencoin dev is like Bitcoin: Ravencoin is a community project entirely bruce fenton bitcoin wiki and controlled by the community the only "central" items are the name itself and all that represents is an idea that the community generally is behind.
The bad news with this structure is that bruce fenton bitcoin wiki is weird, chaotic, hard to understand and hard to get used to This type of structure is so unusual these days that most people who got into crypto within the last 2 years have never seen a real open source project.
The good news is that this structure enables everyone an equal playing field in building. No one is working to enrich some select group who received awards or raised money. Everyone who wants to participate can in whatever way they want. The scheduled hard fork upgrade will be around months from now -- bruce fenton bitcoin wiki how long coding and testing take bruce fenton bitcoin wiki how many people contribute to development and testing. This hard fork will make the code changes which will allow the issuance of tokens.
This project is open source so there is no one to pay for any marketing type of services. If you read the papers and believe in bruce fenton bitcoin wiki project then you can build businesses on this or drive your own economic interests. The answer to every one of these questions is the same -- no because "Ravencoin" is not a centralized entity able to issue press releases or sign agreements or "support" anything it's just the name of the idea and code that a community is mining, developing or discussing.
Individual people are all that can act in a decentralized open source system -- nothing is fully decentralized but this is the aim we strive for. Ravencoin has no ability to support actions or do anything because it's not an entity -- it's the name of an idea and code that the miners, developers and other community members generally agree on the purpose and structure of. That sounds unusual or idealistic or phony to many - I get it, but it's actually the best way to develop.
The main code is on a great track -- one huge area of bruce fenton bitcoin wiki is getting volunteer devs to work on second layer projects.
There isn't anything to sell- imho it's a big mistake to discuss price so early which is why I never do. The metrics of this are entirely different from something like an ICO- with Bruce fenton bitcoin wiki we don't share info to sell something but we can share for the sake of computer science.
The white paper isn't a marketing document designed to bruce fenton bitcoin wiki money from people it's an actual real white paper: There bruce fenton bitcoin wiki zero mention of price.
Imho this is a much better way to build great tech. If bruce fenton bitcoin wiki build great tech it may have value. That's not ideal -- it reduces discussion of a technical computer science paper.
Volunteer to serve as liaison to exchanges. Ravencoin is receiving a LOT of requests and interest from exchanges. Unfortunately most request that an "official" representative contact them. Bruce fenton bitcoin wiki this is decentralized and open source there is no official and there is no one "authorized" to deal with exchanges.
If someone from the community wants to volunteer to serve this role they can. ICOs and centralized corporate coins typically have marketers and others who serve this role. Since this coin had no premine or set aside the economics are different as there is no insider looking to dump presale coins or something because they don't exist.
All exchange activity so far has been community driven. So anyone wishing to list this coin bruce fenton bitcoin wiki do any other economic activity - go for it. The project literally belongs to you as much as bruce fenton bitcoin wiki if you are reading this. Activist tokens which can be divisible and with built in messaging - so you can split a coin in to 10 and give it to 10 friends who will all receive whatever message. Discord channels, like other aspects of Ravencoin, don't have a centralized authority or controller.
ICOs, scam-coins and centralized corporate coins have controlled and managed chat channels run by paid marketing employees. It's not run by a central team or person who tells people what to say or so. If various groups from who have competing ideas or preferences then multiple groups can form. Many people are so used to centralized scam coins that they don't know what to think when they see a real open source coin. The internet is messy.
The opposite of control is chaos. So some chaos is inevitable. But it doesn't affect the protocol in any way. It's hard to have no one in charge and seems chaotic to not have control. Many corporate coins have antiseptic and controlled chats which regularly censor criticism.
Well if so then that's even more reason to not do it. There are no leaders or authorities. Only merit and individuals choosing who to follow and what code to run.
There are corporate coins who have very neat and clean comms channels: NO ONE can duplicate this. Because people can smell authenticity a mile a way. Then know that the hundreds of scam coins don't actually belong to them. Your efforts in Ravencoin are building what you wish - the strength of this project will not depend on 20 marketers or lawyers in some ivory tower office but the efforts of the thousands of people who've put in time, resources bruce fenton bitcoin wiki sweat to build this this.
We are likely the fastest growing network in history of crypto. We are also a top 10 of fairly mined coins in 3 months. Bruce fenton bitcoin wiki we can do amazing things. Wish not for leaders or control.