Sunday 5 April 2015

Community Roundup #16: The 200 Club

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We just hit 200, and we're still accelerating!


That's two hundred episodes of Let's Talk Bitcoin! Podcast and a two year anniversary for our platform. Quite an accomplishment for Adam, Stephanie and Andreas, as well as the rest of the production team. Cheers and congrats!


Check out how it all started with Episode #1, recorded two years ago on April 23, 2013 at 11:14 a.m. PST.


Speaking of Episode #200, "Understanding OpenBazaar" is generating some active discussion on the show's comment section. OpenBazaar, a fork of "DarkMarket", and conceptually similar to BitTorrent file sharing network, where users run an instance of the platform on their own respective systems, is trying to create "a protocol and software that enables decentralized and open trade across the Internet" (OpenBazaar Wiki). A question asked on the show's comments is about OpenBazaar's implementation of multi-signature escrow service. The fact that all bitcoin transactions are irreversible, creates a unique problem to an online cryptocurrency marketplace. While dominant online marketplaces like eBay have the downside of being fully centralized, and not accepting bitcoins, the upside is that PayPal and credit cards offer fairly convenient disputing tools for the consumer, allowing the online shopper to have a relatively worry-free shopping experience. We all know though, this worry-free shopping comes at relatively high cost to the seller in the form of chargebacks or disputed payments.


So, OpenBazaar is trying to resolve the escrow problem for the consumer, as well as the seller. OpenBazaar is using a multi-signature address that at the minimum, has three signing keys: one for the buyer, one for the seller, and one for a third party, or a notary, as the OpenBazaar team calls it. Before the transaction is complete, the buyer and seller will have to come to a consensus who the notary will be. The risk of collusion between notary, and either the buyer, or the seller still exists at the moment, however, the OpenBazaar team is actively developing the platform to mitigate said risk.


On the forums, Rob is back from the Texas Bitcoin Conference. Turns out there were a few of you from our community who made it to Austin, TX. Between the plethora of interviews, Rob seemed to at least have time to say hello to some (one?) of you. I'm sure we'll hear more about Rob's conference experience and interviews on an upcoming episode of his show, The Bitcoin Game.


Edward had also the chance to make it down to the conference, and while he was generally pleased with the conference setup, apparently speakers were only allotted 20 minutes of time for their presentations, which didn't allow much for a question and answer session. That is a pity, as most of us already have easy and instantaneous access to online white papers, video presentations, forums, social media discussions etc., meanwhile it is the direct, face-to-face communication during "Q&A" sessions with a core developer, or a CEO of a Bitcoin startup, that really make conferences and meet ups so valuable.


We're back at an OS debate. Since it has been determined by Yours Truly that Linux shall continue to rule the PC landscape -- as I type this on a Macbook -- this time the discussion is on mobile: a resurrected topic from last year "Android or iOS"? Due to Google's looser grip on what is published on Google's Play Store, Android has had the upper hand when it comes to the availability of Bitcoin wallets and other cryptocurrency apps. On the other hand, our own LTB app is only available on iOS. So which one is it for you, and why? And, as a related question, how much of your daily computing do you do on a smartphone or a tablet? Or is the question already passÆ’, and we don't really need desktop computing anymore?


One of the best ways to earn LTBcoin is to have articles published on our front page. Most of the material we publish relate to Bitcoin, cryptocurrencies and decentralization, but you are certainly free to explore other topics as well. As long as the article is interesting, original and informative, we'd love to hear from you. While the compensation at the moment (~200,000LTBc/0.1BTC, for an article with ~1,000 views) may not exactly blow your socks off, it is a quick and convenient way to earn LTBc. If you enjoy writing, give it a shot! Should you have any questions about the submission or editing process, feel free to message Cheryl, our Editorial Manager, or Daniel, one of our Editors.


As a reminder, Counterparty Foundation Elections are coming up, and to catch up on each candidate's position on current Counterparty and XCP related issues, visit the Counterparty Foundation Election 2015 Q&A.


Finally, some random numbers:



  • 200 is the smallest base 10 unprimeable number

  • 200 MeV is the temperature of quark-gluon plasma phase transition

  • "OK 200": an HTTP status code indicating a successful connection

  • A cholesterol level of 200 and below is considered "Desirable level corresponding to lower risk for heart disease"


Be excellent to each other,


Tuomas

LTB Community Manager






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