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      "permlink": "steemitboard-notify-mylord-20190708t220218000z",
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      "body": "Congratulations @mylord! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@mylord/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@mylord) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=mylord)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Congratulations @mylord! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@mylord/birthday1.png)](http://steemitboard.com/@mylord)  1 Year on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n[SteemitBoard World Cup Contest - The semi-finals are coming. Be ready!](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-the-semi-finals-are-coming-be-ready)\n\n---\n**Participate in the [SteemitBoard World Cup Contest](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-collect-badges-and-win-free-sbd)!**\nCollect World Cup badges and win free SBD\nSupport the Gold Sponsors of the contest: [@good-karma](https://v2.steemconnect.com/sign/account-witness-vote?witness=good-karma&approve=1) and [@lukestokes](https://v2.steemconnect.com/sign/account-witness-vote?witness=lukestokes.mhth&approve=1)\n\n---\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Please correct this: \n\nthe acronym zk-SNARK stands for zero-knowledge Succinct Non-interactive ARgument of Knowledge\n\nYou forgot the \"succinct\" and the \"non\" :)",
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      "parent_permlink": "bitcoin",
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) is not secure, has no future, and is an electricity cancer on a continental scale",
      "body": "Proof-of-Work (PoW) is not secure, has no future, and it’s electricity usage is a cancer that would guzzle watts like entire continents.\n\nBitcoin needs to someday change to Proof-of-Stake (PoS) if it's to survive in the long run. Otherwise, it's competing crypto-assets would do the world a favor by burying it.\n\nAs of August, you need about $400-800 million (*1) to attack the $44 billion Bitcoin chain (and in PoW too, you can get some or even all of them back by short selling in the right moment).\n\nThis makes PoW seem way less secure than PoS, where you'd need at least 15% of the stake (*1), or over $6B, and to buy all that, you'd drive the price to the moon, while everyone else cashes out, and the attacker is holding a worthless bag. But in PoW, even if the network forks away, the attacker didn't spend money buying any coins, but rather the transferable power to attack any similar forked coin as well.\n\nPoW is also a huge pointless electricity drain on the world, already using more electricity than Iceland, the country. \n\nPoW served it's purpose. It was good for getting economic incentives for miners to jump aboard.\n\nHowever, if prices go 1000x higher as we like, it'll be 1000 Icelands, or entire continents of power just for PoW.\n\nPoW therefor has no future. It's not at all secure, and it'd use entire continents of power usage to power it.\n\nBitcoin better change to Proof-of-Shares (PoS), if not delegated dPoS, or it's hard to imagine how it'll survive, by even modest govt attacks or otherwise. \n\nFor the time being, only PoS and dPoS systems such as NEO, QTUM, LISK, Bitshare, Steem and others coming to PoS like Ethereum, Tezos and EOS, seem viable.\n\n(*1) https://www.reddit.com/r/Crypto_ICO_Investing/comments/72btqm/proof_of_work_is_not_secure_has_no_future_and_is/",
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      "title": "Proof-of-Work (PoW) has no future, is not secure, is an electricity cancer on a continental scale",
      "body": "@@ -1660,21 +1660,16 @@\n S, seem \n-like \n viable.%0A\n",
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      "author": "mylord",
      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) has no future, is not secure, is an electricity cancer on a continental scale",
      "body": "Proof-of-Work (PoW) is not secure, has no future, and it’s electricity usage is a cancer that would guzzle watts like entire continents.\n\nBitcoin needs to someday change to Proof-of-Stake (PoS) if it's to survive in the long run. Otherwise, it's competing crypto-assets would do the world a favor by burying it.\n\nAs of August, you need about $400-800 million (*1) to attack the $44 billion Bitcoin chain (and in PoW too, you can get some or even all of them back by short selling in the right moment).\n\nThis makes PoW seem way less secure than PoS, where you'd need at least 15% of the stake (*1), or over $6B, and to buy all that, you'd drive the price to the moon, while everyone else cashes out, and the attacker is holding a worthless bag. But in PoW, even if the network forks away, the attacker didn't spend money buying any coins, but rather the transferable power to attack any similar forked coin as well.\n\nPoW is also a huge pointless electricity drain on the world, already using more electricity than Iceland, the country. \n\nPoW served it's purpose. It was good for getting economic incentives for miners to jump aboard.\n\nHowever, if prices go 1000x higher as we like, it'll be 1000 Icelands, or entire continents of power just for PoW.\n\nPoW therefor has no future. It's not at all secure, and it'd use entire continents of power usage to power it.\n\nBitcoin better change to Proof-of-Shares (PoS), if not delegated dPoS, or it's hard to imagine how it'll survive, by even modest govt attacks or otherwise. \n\nFor the time being, only PoS and dPoS systems such as NEO, QTUM, LISK, Bitshare, Steem and others coming to PoS like Ethereum, Tezos and EOS, seem like viable.\n\n(*1) https://www.reddit.com/r/Crypto_ICO_Investing/comments/72btqm/proof_of_work_is_not_secure_has_no_future_and_is/",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"pow\",\"pos\",\"secure\",\"electricity\"],\"links\":[\"https://www.reddit.com/r/Crypto_ICO_Investing/comments/72btqm/proof_of_work_is_not_secure_has_no_future_and_is/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) is not secure, has no",
      "body": "@@ -1,8 +1,321 @@\n+Proof-of-Work (PoW) is not secure, has no future, and it%E2%80%99s electricity usage is a cancer that would guzzle watts like entire continents.%0A%0ABitcoin needs to someday change to Proof-of-Stake (PoS) if it's to survive in the long run. Otherwise, it's competing crypto-assets would do the world a favor by burying it.%0A%0A\n As of Au\n",
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) has no future, and is not secure",
      "body": "@@ -1378,67 +1378,107 @@\n s://\n-bitcointalk.org/index.php?topic=2050869.msg20571959#msg20571959\n+www.reddit.com/r/Crypto_ICO_Investing/comments/72btqm/proof_of_work_is_not_secure_has_no_future_and_is/\n",
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) has no future, and is not secure",
      "body": "@@ -717,17 +717,123 @@\n ntry. %0A%0A\n-I\n+PoW served it's purpose. It was good for getting economic incentives for miners to jump aboard.%0A%0AHowever, i\n f prices\n@@ -947,33 +947,105 @@\n for \n-seems to have no future. \n+has no future. It's not at all secure, and it'd use entire continents of power usage to power it.\n %0A%0ABi\n@@ -1200,16 +1200,177 @@\n wise. %0A%0A\n+For the time being, only PoS and dPoS systems such as NEO, QTUM, LISK, Bitshare, Steem and others coming to PoS like Ethereum, Tezos and EOS, seem like viable.%0A%0A\n (*1) htt\n",
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) has no future, and is not secure",
      "body": "@@ -1026,77 +1026,8 @@\n . %0A%0A\n-https://www.facebook.com/Crypto.ICO.Investing/posts/151698178758000%0A%0A\n (*1)\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"pow\",\"pos\",\"secure\",\"electricity\"],\"links\":[\"https://bitcointalk.org/index.php?topic=2050869.msg20571959#msg20571959\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) has no future, and is not secure",
      "body": "@@ -1022,16 +1022,85 @@\n wise. %0A%0A\n+https://www.facebook.com/Crypto.ICO.Investing/posts/151698178758000%0A%0A\n (*1) htt\n",
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      "permlink": "proof-of-work-pow-has-no-future-and-is-not-secure",
      "title": "Proof-of-Work (PoW) has no future, and is not secure",
      "body": "As of August, you need about $400-800 million (*1) to attack the $44 billion Bitcoin chain (and in PoW too, you can get some or even all of them back by short selling in the right moment).\n\nThis makes PoW seem way less secure than PoS, where you'd need at least 15% of the stake (*1), or over $6B, and to buy all that, you'd drive the price to the moon, while everyone else cashes out, and the attacker is holding a worthless bag. But in PoW, even if the network forks away, the attacker didn't spend money buying any coins, but rather the transferable power to attack any similar forked coin as well.\n\nPoW is also a huge pointless electricity drain on the world, already using more electricity than Iceland, the country. \n\nIf prices go 1000x higher as we like, it'll be 1000 Icelands, or entire continents of power just for PoW.\n\nPoW therefor seems to have no future. \n\nBitcoin better change to Proof-of-Shares (PoS), if not delegated dPoS, or it's hard to imagine how it'll survive, by even modest govt attacks or otherwise. \n\n(*1) https://bitcointalk.org/index.php?topic=2050869.msg20571959#msg20571959",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"pow\",\"pos\",\"secure\",\"electricity\"],\"links\":[\"https://bitcointalk.org/index.php?topic=2050869.msg20571959#msg20571959\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "fixing-dpos-randomly-voting-in-delegates-solves-self-voting-attack",
      "title": "Fixing DPoS: Randomly voting-in delegates solves self voting attack?",
      "body": "@@ -376,8 +376,14 @@\n  :) \n-Doh\n+ Oh, burn\n !\n",
      "json_metadata": "{\"tags\":[\"dpos\",\"random\",\"delegate\",\"stake\",\"voting\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "fixing-dpos-randomly-voting-in-delegates-solves-self-voting-attack",
      "title": "Fixing DPoS: Randomly voting-in delegates solves self voting attack?",
      "body": "@@ -304,16 +304,24 @@\n blems?%0A%0A\n+Answer: \n I suppos\n@@ -371,8 +371,13 @@\n place :)\n+ Doh!\n",
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      "permlink": "fixing-dpos-randomly-voting-in-delegates-solves-self-voting-attack",
      "title": "Fixing DPoS: Randomly voting-in delegates solves self voting attack?",
      "body": "@@ -9,16 +9,16 @@\n ut *\n-RANDOMLY\n+randomly\n * vo\n@@ -302,8 +302,69 @@\n roblems?\n+%0A%0AI suppose it'll end up being like PoS in the first place :)\n",
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      "title": "Fixing DPoS: Randomly voting-in delegates solves self voting attack?",
      "body": "@@ -34,16 +34,30 @@\n legates?\n+ Call it RDPoS\n %0A%0ANot on\n",
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      "title": "Fixing DPoS: Randomly voting-in delegates solves self voting attack?",
      "body": "What about *RANDOMLY* voted-in delegates?\n\nNot only does it fix the low-participation vote problem, but also makes it so you can’t even choose your vote for a delegate, so can’t choose yourselves to attack the network.\n\nWhat’s wrong with *randomly* voted-in delegates to fix these dPoS problems?",
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      "parent_author": "dan",
      "parent_permlink": "response-to-vitalik-buterin-on-eos",
      "author": "mylord",
      "permlink": "re-dan-response-to-vitalik-buterin-on-eos-20170924t235007803z",
      "title": "",
      "body": "What about *RANDOM* voting for delegates?\n\nThat seems to fix these delegation problems. Not only does it fix the low-participation vote problem, but also makes it so you can’t even choose your vote for a delegate, so can’t choose yourself. \n\nWhat’s wrong with *randomly* voted-in delegates to fix these dPoS problems?",
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      "title": "",
      "body": "@@ -44,73 +44,8 @@\n s?%0A%0A\n-That seems to fix do delegates problems Vitalik has mentioned. %0A%0A\n Not \n@@ -72,16 +72,24 @@\n g votes \n+seem to \n fix the \n@@ -133,13 +133,15 @@\n lso \n+to \n make\n-s\n  it \n@@ -166,10 +166,24 @@\n vote\n-.\n  \n+for a delegate.\n %0A%0AWh\n",
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      "body": "Yes, and what about *RANDOM* voted delegates?\n\nThat seems to fix do delegates problems Vitalik has mentioned. \n\nNot only does randomizing votes fix the low-participation vote problem, but also makes it so you can’t even vote. \n\nWhat’s wrong with *randomly* voted delegates to fix these dPoS problems? Has he said?",
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      "title": "Kyber KNC already ~4x from ICO on EtherDelta; will it 10-20x to OmiseGo market cap? Vitalik is advisor to Kyber also (and only)",
      "body": "What you think guys? Kyber current market valuation seems to be just $95 million (*1), which looks cheap; perhaps 10x undervalued? (It's already at 4x since ICO on EtherDelta and that's a small IOU trust-based exchange. Read what I wrote on #KNC here: \n\nhttps://goo.gl/SKXM85\n\n\"We suppose it could hit the market exchanges at > $1 billion (10x) like OmiseGo (OMG) etc. Vitalik Buterin is on the advisory of only those 2, and says he'll not join more.\n\nKyber, like OmiseGo, is for decentralized  cryptocontract based crypto assets and cryptocurrencies DEX on the etheream platform (very relevant now with China banning BTC trading) like Bancor, but they're already talking cross-blockchain, and less confusing reserve currency math.\n\nIn 5 hours, they've raised over $51 million from 10,000s of KYC individuals (while trying to avoid whales). They'll have sold just over 50% of the total tokens (120M sold of 226M total) very shortly.\n\n(*1): ICO price of 600 per 1 ETH ($0.42 each Kyber token), and 226,000,000 Kyber tokens in total\n\nSome have said Kyber's marketing material claims only a market cap around $50M, based on 215k ETH. But we calculate based on the total coins that there ever will be, not on how many were sold thus far (215k)\"",
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