Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
'Crypto-heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
https://www.forbes.com/sites/gaurav...ggest-ever-cryptocurrency-theft/#3c0a838b1d58
https://www.forbes.com/sites/gaurav...ggest-ever-cryptocurrency-theft/#3c0a838b1d58
The title is very misleading, because when the Mt. Gox incident happen they were handling over 70% of all bitcoin transactions worldwide.. btw The market cap back then was much smaller..'Crypto-heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
https://www.forbes.com/sites/gaurav...ggest-ever-cryptocurrency-theft/#3c0a838b1d58
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Just for better understanding... this is why we keep it all in safe storage space - hardware wallet or other means? Those saving on the exchange are...'Crypto-heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
https://www.forbes.com/sites/gaurav...ggest-ever-cryptocurrency-theft/#3c0a838b1d58
yall just finding out about that crypto heist yall need to check in more frequently I broke that news a couple of days ago...
looks like they gonna repay the coin holders tho...
its early in the game and exchanges are trying to solidify their positions now,
they aint going to let a half a billy fuck up billions in future profits....
looks like they gonna repay the coin holders tho...
its early in the game and exchanges are trying to solidify their positions now,
they aint going to let a half a billy fuck up billions in future profits....
some FUD’ers are rolling w/ that narrative as of late most notable ian balina but there are still plenty of opportunities out there...it’s so important to learn and get to a point where you can do your own legwork...I listen to some of these youtubers once in a blue moon...but it’s impossible to find one w/o an agenda...imo ICOs have been gold mines for quite some time and still are and it seems like since more folks are realizing that these youtubers who have been shilling ICOs now want to steer folks away from them...the most sincere advice you will get will be from the experienced ppl in this thread not youtube parrots jmho
*edit*
this is the best site I use for spotting ICOs...I use search terms like ‘enterprise’ ‘infrastructure’ and ‘supply chain’ to find the ICOs I like and I set the rating for 3+ and above...I spend about 30 minutes to an hour looking up ICOs on this site every other day if not daily
https://icobench.com/
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some team drama @LamdenTau as noted below...price has dropped as low as $0.25 today...extremely high risk/high reward @ this point...def not for the faint of heart...if you can’t afford to lose the $$$ don’t buy in...message from the CEO from telegram chat...
“@everyone - Some of you may have seen the situation with Nick today. Despite the transparency of our project, we did not want to have to bring all of this out in the open because we did not want to publicly disparage Nick or cause undue distress in the community. Now that this is coming to light, we want to make sure that everyone in the community has the full
picture.
Over the past week, Nick has issued a number of unapproved statements that could have put the company and project in legal jeopardy. Despite warnings from the team and our legal counsel, Nick continued to do so, culminating in the events of Wednesday evening - when he was on our community Telegram until 5am PST in the morning releasing a number of the most egregious details. The following day, we issued a statement on the telegram that was intended to address the problem without damaging Nick’s reputation or causing undue alarm.
Over text, Nick stated that he was uncomfortable continuing the business relationship and would pick up his things later that night. When I returned to the office at around 10pm, his things were gone and his keys were left on his desk.
It was our concern, based upon his actions and our legal counsel, that Nick posed a liability to the future success of the company. His actions today have only served to further validate this concern. Nick leaving will not affect the development of the Lamden platform. Our team of 7 developers and I continue to make daily progress on the development of our platform.
Our primary goal to ensure Lamden’s success. We believe this change in the team will help propel the project into the future, and will ensure a high level of professionalism moving forward. At the end of the day, we wish all the best for Nick, and still think of him fondly. This has been a difficult situation for us all, and it is regrettable that we have to part ways under such circumstances. If you have any questions, please feel free to direct them to myself, @CryptoRevival or @JasonYoakam. Thank you for supporting Lamden.”
he was strongly hinting @ exchanges the tokens would be listed on and partnerships w/ fortune 500 companies...if he was telling the truth then he’d put the team in danger of violating non-disclosure agreements...if he was lying to drum up interest well then that’s just shitty and would paint the team in a bad light if they didn’t deliver...shit happens tho...I was just mentioning in their chat that shit like this isn’t completely out the norm...ripple (XRP) team had some issues that ended up going to court...the drama is what sank that coin to $0.006 and here we are now...shit happens...if the project is good and the team delivers on the roadmap then all this shit becomes absolutely irrelevant
good analysis I was just about to say it could be a pr stunt to pump the coin..
but like you said time will tell...
yea its very risky like you stated, but there is no success without risk...
Im not familiar with the coin, but if its white paper looks good I would throw a few hundred at it..
reason why I would because either way I see it going up to over fifty cents...
whether its legit or a pump....
I would sell if it hits a dollar..
as w/ any ICO/new project...the team is usually the biggest risk/x factor...lately a lot of ppl have accused the team of being a bit sophomoric...this presents them w/ a chance to grow
Has anyone used robinhood for stock trading? Supposedly you can do trades with no fees.
It's being rolled out for crypto. Supposed to be able to buy crypto directly with USD soon with no fees.
https://crypto.robinhood.com/
Today, cryptocurrencies are coming to the Robinhood platform. We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people.
We saw an opportunity to build a better experience to trade cryptocurrencies, one where you can invest commission-free in cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news. Meet Robinhood Crypto and get early access here.
Better Together
Today
Starting today, you can add the 16 cryptocurrencies below to your watchlist, monitor market data, read cryptocurrencies news, and create custom price alerts.
Next month, round-the-clock, commission-free cryptocurrency trading comes to the Robinhood platform. Trading will be limited to Bitcoin (BTC) and Ethereum (ETH), with more coins tradeable later. Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon.
Don’t Sleep. Get Early Access
We’ll have more updates in February. In the meantime, we can’t wait to hear your feedback on what you like, what you want more of, and what we can do differently.
The Robinhood Team
It's being rolled out for crypto. Supposed to be able to buy crypto directly with USD soon with no fees.
https://crypto.robinhood.com/
Today, cryptocurrencies are coming to the Robinhood platform. We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people.
We saw an opportunity to build a better experience to trade cryptocurrencies, one where you can invest commission-free in cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news. Meet Robinhood Crypto and get early access here.
Better Together
- You can now monitor and invest in cryptocurrencies, options, stocks, and ETFs, all on the same platform.
- Bank transfers up to $1,000 will be instantly available in your account to trade cryptocurrencies. Any additional funds transferred will land in your account via the normal ACH transfer system.
- We strive to offer all our services at the lowest price possible. Robinhood Crypto is no different. Stop paying exorbitant fees when you invest in cryptocurrencies.
- Robinhood is a secure platform trusted by millions of Americans.
Today
Starting today, you can add the 16 cryptocurrencies below to your watchlist, monitor market data, read cryptocurrencies news, and create custom price alerts.
- Bitcoin
- Ethereum
- Bitcoin Cash
- Litecoin
- XRP
- Ethereum Classic
- Zcash
- Monero
- Dash
- Stellar
- Qtum
- Bitcoin Gold
- OmiseGo
- NEO
- Lisk
- Dogecoin
Next month, round-the-clock, commission-free cryptocurrency trading comes to the Robinhood platform. Trading will be limited to Bitcoin (BTC) and Ethereum (ETH), with more coins tradeable later. Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon.
Don’t Sleep. Get Early Access
We’ll have more updates in February. In the meantime, we can’t wait to hear your feedback on what you like, what you want more of, and what we can do differently.
The Robinhood Team
Need help!! I sent some bit coin to the waves wallet because I wanted to buy wagerr, but it would not let me buy wagerr because I don't have waves, tried to send my Bitcoin back to coinbase but I can't because I don't have waves, how shit seems fishy.. Somebody help me get my Bitcoin back to coinbase..
Thanks is Advance!!
Thanks is Advance!!
You need to actually have waves to buy wagerr or transfer. I used Shapeshift.io to buy waves
yes
Damn, we're going red again?....Fuck it 
https://venturebeat.com/2018/01/28/how-blockchain-could-kill-both-cable-and-netflix/
How blockchain could kill both cable and Netflix
Rizwan Virk@rizstanford January 28, 2018 2:33 PM
Image Credit: IB Photography / Shutterstock
Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise. So can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon and be the final death knell for Cable?
Video production studios have already seen a lot of disruption recently. Websites like Youtube and Twitch have created a mass market for user-generated content, stripping the cable networks and studios from their positions as the sole creators of mass-market video content. Yet, despite the rise of these mega-websites, most high quality scripted entertainment content today, still comes via a largely centralized model.
Studios and networks (now expanded to include streamers Netflix and Amazon) fund the development of content, and the content follows an orderly approach to distribution – from the studio to the end user along one of the pre-defined channels: cable or broadcast or mobile device or website.
Blockchain has the power to fundamentally disrupt the entertainment industry because it brings out a completely new, decentralized model for content distribution. In a blockchain, computers all over the world act together in a peer-to-peer network to work on some task — there is no central server or authority.
Today Netflix and Cable still rely on the idea of “centralized” aggregation and distribution. Content creators must get past some number of “gatekeepers” and strike business deals with the network, which then puts the content on a server and distributes it over the air, via coaxial, or more recently, over the internet directly using CDNs (Content Delivery Networks like Akamai or Amazon CloudFront). Decisions about what content is offered, when it’s offered, the price, and the distribution route are still very proprietary and hierarchical.
In a decentralized world, no single website or authority would have a say over what content is to be distributed and how it will reach the “last mile.” No website would be able to block specific content. With decentralized apps (Dapps) for entertainment, whether it’s for live streaming or on-demand video, thousands of computers around the world would act as broadcasters in a mesh network that is not hierarchical. These “super nodes” would solve the last mile problem by broadcasting the signal to computers that are geographically nearby. This will be particularly effective in countries that don’t have lots of presence from existing CDNs.
A number of new crypto projects have cropped up that use either existing blockchains or completely new blockchains as infrastructure for decentralized video streaming. Some of these are optimized for ingesting and compressing content to make it available, such as LivePeer, built on the Steem blockchain, and Viuly, built on Ethereum. Some are application level tokens for streamers and influencers, such as Stream Token and YouNow/PROPS, both on Ethereum. Spectiv VR is focused on the advertising model and making sure content creators get a larger part of it, particularly for VR content. And LBRY and my company, Theta Labs, are building new blockchains/protocols to support third-party DApps for entertainment, esports, and more.
Not only could these blockchain projects completely disrupt the distribution world because they no longer require centralized architectures, they can also disrupt the Netflixes of the world and make the idea of channels on cable completely obsolete. What is a channel but an aggregation of curated content over a well-defined distribution network?
Here are a few ways that a fully decentralized blockchain based entertainment network might disrupt the industry:
Technology changes have always impacted the entertainment industry. While the internet has created new ways to consume content, the creation and distribution of high quality shows has, for the most part, still been dominated by a small number of players, studios, TV networks, cable providers, and aggregators like Netflix. This hasn’t led to the democratization of content that was the promise of the internet.
Blockchain technology has the ability to fundamentally disrupt the entertainment industry by breaking that pseudo monopoly, replacing the centralized gate-keepers with a peer-to-peer network.
Many of these projects will be going live towards the end of this year, and we can expect to see rapid growth of the new players in 2019 and 2020. Just as it took Netflix a number of years to displace Blockbuster and video rental stores as the dominant way to consume on-demand entertainment, it may take a number of years before the new decentralized approach becomes the dominant trend. Look to the 2020s to be the decade of blockchain in entertainment.
How blockchain could kill both cable and Netflix
Rizwan Virk@rizstanford January 28, 2018 2:33 PM
Image Credit: IB Photography / Shutterstock
Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise. So can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon and be the final death knell for Cable?
Video production studios have already seen a lot of disruption recently. Websites like Youtube and Twitch have created a mass market for user-generated content, stripping the cable networks and studios from their positions as the sole creators of mass-market video content. Yet, despite the rise of these mega-websites, most high quality scripted entertainment content today, still comes via a largely centralized model.
Studios and networks (now expanded to include streamers Netflix and Amazon) fund the development of content, and the content follows an orderly approach to distribution – from the studio to the end user along one of the pre-defined channels: cable or broadcast or mobile device or website.
Blockchain has the power to fundamentally disrupt the entertainment industry because it brings out a completely new, decentralized model for content distribution. In a blockchain, computers all over the world act together in a peer-to-peer network to work on some task — there is no central server or authority.
Today Netflix and Cable still rely on the idea of “centralized” aggregation and distribution. Content creators must get past some number of “gatekeepers” and strike business deals with the network, which then puts the content on a server and distributes it over the air, via coaxial, or more recently, over the internet directly using CDNs (Content Delivery Networks like Akamai or Amazon CloudFront). Decisions about what content is offered, when it’s offered, the price, and the distribution route are still very proprietary and hierarchical.
In a decentralized world, no single website or authority would have a say over what content is to be distributed and how it will reach the “last mile.” No website would be able to block specific content. With decentralized apps (Dapps) for entertainment, whether it’s for live streaming or on-demand video, thousands of computers around the world would act as broadcasters in a mesh network that is not hierarchical. These “super nodes” would solve the last mile problem by broadcasting the signal to computers that are geographically nearby. This will be particularly effective in countries that don’t have lots of presence from existing CDNs.
A number of new crypto projects have cropped up that use either existing blockchains or completely new blockchains as infrastructure for decentralized video streaming. Some of these are optimized for ingesting and compressing content to make it available, such as LivePeer, built on the Steem blockchain, and Viuly, built on Ethereum. Some are application level tokens for streamers and influencers, such as Stream Token and YouNow/PROPS, both on Ethereum. Spectiv VR is focused on the advertising model and making sure content creators get a larger part of it, particularly for VR content. And LBRY and my company, Theta Labs, are building new blockchains/protocols to support third-party DApps for entertainment, esports, and more.
Not only could these blockchain projects completely disrupt the distribution world because they no longer require centralized architectures, they can also disrupt the Netflixes of the world and make the idea of channels on cable completely obsolete. What is a channel but an aggregation of curated content over a well-defined distribution network?
Here are a few ways that a fully decentralized blockchain based entertainment network might disrupt the industry:
- Free Up Content Creators. Content creators could create shows and make them available over a decentralized platform instantly – no need to go pitch a studio or try to get Netflix to put you on their system. No more gatekeepers that have to approve your content.
- New Channels. New “channels” could emerge in a completely decentralized way. You could envision channels for esports, live events, fantasy, sci fi, news, etc. These channels could be set up by anyone and joined by content creators.
- Advertising and Free Content. Free content could even disrupt the traditional TV advertising model (which sites like YouTube are also following) by using tokens on these networks. The new blockchain video projects usually provide coins or tokens that advertisers can use to buy exposure on these decentralized channels. They can specify that those coins go directly to the content creator without having to a middleman take a big chunk of the revenue — a large departure from existing practices where the middleman gets the biggest chunk.
- Paid Content. As for paid entertainment or the subscription model, viewers could use the new tokens issued by decentralized content networks to subscribe to particular channels or to pay a particular content creator. This could replace cable on-demand and give viewers unlimited choice of what can be seen “on-demand.” HBO and other subscription networks recently released their own apps so you don’t need a cable subscription to watch them. The next HBO may be a completely decentralized network that is not tied to cable at all!
Technology changes have always impacted the entertainment industry. While the internet has created new ways to consume content, the creation and distribution of high quality shows has, for the most part, still been dominated by a small number of players, studios, TV networks, cable providers, and aggregators like Netflix. This hasn’t led to the democratization of content that was the promise of the internet.
Blockchain technology has the ability to fundamentally disrupt the entertainment industry by breaking that pseudo monopoly, replacing the centralized gate-keepers with a peer-to-peer network.
Many of these projects will be going live towards the end of this year, and we can expect to see rapid growth of the new players in 2019 and 2020. Just as it took Netflix a number of years to displace Blockbuster and video rental stores as the dominant way to consume on-demand entertainment, it may take a number of years before the new decentralized approach becomes the dominant trend. Look to the 2020s to be the decade of blockchain in entertainment.
Airdrop of coin called Callisto (COL) will be in march for ETC holders. https://forum.ethereumclassic.org/t/january-dev-update-commonwealth/404
1. Callisto Network Project.626
Rationale:
Summary:
Callisto is a separate blockchain that is based on Ethereum protocol with its own cryptocurrency (CLO). Callisto has a fixed cap monetary policy similar to ETC. Unlike ETH, ETC is posing itself as a value storage. It should be noted that the ETC does not have any incentives for coin holders. The whole emission is completely controlled by miners and their influence grows with the growth of the network. Callisto introduces a Cold staking protocol that rewards coin holders for being a network participants.
Cold staking is a smart-contract based process that allows CLO holders to earn interest in a total CLO emission when they hold CLO coins at their balances for long enough preiod of staking time (1 month by default).
Cold stakers are not required to run a node to participate in cold staking process. Cold stakers are not validating transactions and the whole system can remain fully POW which is important since ETC adheres to POW consensys. It is only necessary to call the “Staking contract” to become a cold staker.
Cold staking is a step towards the goal of turning the desired cryptocurrency into a value storage currency because this significantly increases a total demand to hold for stake holders. Further protocol improvements would be described at this open document. It may take years to propose any changes to ETC protocol and achieve a consensys on whether we need to implement it or not. As the result it was decided to launch a separate network to implement the protocol. If the reference implementation will succeed then we can implement the protocol changes on ETC as well.
Cold staking protocol could be an intermediate step of automated on-chain governance system implementation.
Callisto whitepaper will be released soon.
Callisto Initial Distribution
It was decided to distribute the initial stake of CLO between current ETC holders. We will make a snapshot of ETC blockchain at block 5500000 (approximately 5 March, 2018. This depends on ETC block time and ETC hashrate changes). Then we implement the initial balance of each ETC holder in the Callisto network genesis block, so each ETC owner will receive CLO coins automatically in a 1:1 ratio to the amount of ETC that he had at block 5500000.
1. Callisto Network Project.626
Rationale:
- The main goal of Callisto network is to research and provide a reference implementation of an experimental protocol changes that aim to establish a smart-contract based on-chain governance system, completely financially transparent built-in development funding mechanism and balance the interest in the network between the miners and coin holders (ordinary network users).
- It is possible to improve the scalability of both ETC and Callisto networks by using one as a sidechain.
- Create a field for crosschain services improvements. It is also possible to establish a core of any crosschain service at the Callisto network and use Callisto smart-contracts state on ETC chain and visa versa which allows to facilitate the bandwidth of ETC chain. (Currently, DexNS, Address-To-Address message system, Token swap channels and ECNS are crosschain services that are deployed on ETC chain simultaneously)
Summary:
Callisto is a separate blockchain that is based on Ethereum protocol with its own cryptocurrency (CLO). Callisto has a fixed cap monetary policy similar to ETC. Unlike ETH, ETC is posing itself as a value storage. It should be noted that the ETC does not have any incentives for coin holders. The whole emission is completely controlled by miners and their influence grows with the growth of the network. Callisto introduces a Cold staking protocol that rewards coin holders for being a network participants.
Cold staking is a smart-contract based process that allows CLO holders to earn interest in a total CLO emission when they hold CLO coins at their balances for long enough preiod of staking time (1 month by default).
Cold stakers are not required to run a node to participate in cold staking process. Cold stakers are not validating transactions and the whole system can remain fully POW which is important since ETC adheres to POW consensys. It is only necessary to call the “Staking contract” to become a cold staker.
Cold staking is a step towards the goal of turning the desired cryptocurrency into a value storage currency because this significantly increases a total demand to hold for stake holders. Further protocol improvements would be described at this open document. It may take years to propose any changes to ETC protocol and achieve a consensys on whether we need to implement it or not. As the result it was decided to launch a separate network to implement the protocol. If the reference implementation will succeed then we can implement the protocol changes on ETC as well.
Cold staking protocol could be an intermediate step of automated on-chain governance system implementation.
Callisto whitepaper will be released soon.
Callisto Initial Distribution
It was decided to distribute the initial stake of CLO between current ETC holders. We will make a snapshot of ETC blockchain at block 5500000 (approximately 5 March, 2018. This depends on ETC block time and ETC hashrate changes). Then we implement the initial balance of each ETC holder in the Callisto network genesis block, so each ETC owner will receive CLO coins automatically in a 1:1 ratio to the amount of ETC that he had at block 5500000.
@gene cisco Any thoughts or predictions for the market now that we made it past the 26th?
My Trezor wallet just arrived. Am I correct to believe the process of transferring my coins from MyEtherWallet to my Trezor is to send the coins like I was sending coins to an exchange. Meaning I would actually have to pay GAS to transfer the coins to my own wallet.
bro go to youtube and watch some vids
Ripple will be added to BitOasis exchange on January 30th, 2018.
Come one, come all, we about to get hectic...
https://venturebeat.com/2018/01/28/how-blockchain-could-kill-both-cable-and-netflix/
How blockchain could kill both cable and Netflix
Rizwan Virk@rizstanford January 28, 2018 2:33 PM
Image Credit: IB Photography / Shutterstock
Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise. So can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon and be the final death knell for Cable?
Video production studios have already seen a lot of disruption recently. Websites like Youtube and Twitch have created a mass market for user-generated content, stripping the cable networks and studios from their positions as the sole creators of mass-market video content. Yet, despite the rise of these mega-websites, most high quality scripted entertainment content today, still comes via a largely centralized model.
Studios and networks (now expanded to include streamers Netflix and Amazon) fund the development of content, and the content follows an orderly approach to distribution – from the studio to the end user along one of the pre-defined channels: cable or broadcast or mobile device or website.
Blockchain has the power to fundamentally disrupt the entertainment industry because it brings out a completely new, decentralized model for content distribution. In a blockchain, computers all over the world act together in a peer-to-peer network to work on some task — there is no central server or authority.
Today Netflix and Cable still rely on the idea of “centralized” aggregation and distribution. Content creators must get past some number of “gatekeepers” and strike business deals with the network, which then puts the content on a server and distributes it over the air, via coaxial, or more recently, over the internet directly using CDNs (Content Delivery Networks like Akamai or Amazon CloudFront). Decisions about what content is offered, when it’s offered, the price, and the distribution route are still very proprietary and hierarchical.
In a decentralized world, no single website or authority would have a say over what content is to be distributed and how it will reach the “last mile.” No website would be able to block specific content. With decentralized apps (Dapps) for entertainment, whether it’s for live streaming or on-demand video, thousands of computers around the world would act as broadcasters in a mesh network that is not hierarchical. These “super nodes” would solve the last mile problem by broadcasting the signal to computers that are geographically nearby. This will be particularly effective in countries that don’t have lots of presence from existing CDNs.
A number of new crypto projects have cropped up that use either existing blockchains or completely new blockchains as infrastructure for decentralized video streaming. Some of these are optimized for ingesting and compressing content to make it available, such as LivePeer, built on the Steem blockchain, and Viuly, built on Ethereum. Some are application level tokens for streamers and influencers, such as Stream Token and YouNow/PROPS, both on Ethereum. Spectiv VR is focused on the advertising model and making sure content creators get a larger part of it, particularly for VR content. And LBRY and my company, Theta Labs, are building new blockchains/protocols to support third-party DApps for entertainment, esports, and more.
Not only could these blockchain projects completely disrupt the distribution world because they no longer require centralized architectures, they can also disrupt the Netflixes of the world and make the idea of channels on cable completely obsolete. What is a channel but an aggregation of curated content over a well-defined distribution network?
Here are a few ways that a fully decentralized blockchain based entertainment network might disrupt the industry:
Conclusion: Watch out.
- Free Up Content Creators. Content creators could create shows and make them available over a decentralized platform instantly – no need to go pitch a studio or try to get Netflix to put you on their system. No more gatekeepers that have to approve your content.
- New Channels. New “channels” could emerge in a completely decentralized way. You could envision channels for esports, live events, fantasy, sci fi, news, etc. These channels could be set up by anyone and joined by content creators.
- Advertising and Free Content. Free content could even disrupt the traditional TV advertising model (which sites like YouTube are also following) by using tokens on these networks. The new blockchain video projects usually provide coins or tokens that advertisers can use to buy exposure on these decentralized channels. They can specify that those coins go directly to the content creator without having to a middleman take a big chunk of the revenue — a large departure from existing practices where the middleman gets the biggest chunk.
- Paid Content. As for paid entertainment or the subscription model, viewers could use the new tokens issued by decentralized content networks to subscribe to particular channels or to pay a particular content creator. This could replace cable on-demand and give viewers unlimited choice of what can be seen “on-demand.” HBO and other subscription networks recently released their own apps so you don’t need a cable subscription to watch them. The next HBO may be a completely decentralized network that is not tied to cable at all!
Technology changes have always impacted the entertainment industry. While the internet has created new ways to consume content, the creation and distribution of high quality shows has, for the most part, still been dominated by a small number of players, studios, TV networks, cable providers, and aggregators like Netflix. This hasn’t led to the democratization of content that was the promise of the internet.
Blockchain technology has the ability to fundamentally disrupt the entertainment industry by breaking that pseudo monopoly, replacing the centralized gate-keepers with a peer-to-peer network.
Many of these projects will be going live towards the end of this year, and we can expect to see rapid growth of the new players in 2019 and 2020. Just as it took Netflix a number of years to displace Blockbuster and video rental stores as the dominant way to consume on-demand entertainment, it may take a number of years before the new decentralized approach becomes the dominant trend. Look to the 2020s to be the decade of blockchain in entertainment.
The heck... how is this article new. I remember folks were talking about how BitTorrent was going to rock Hollywood to its knees with user created content. Turns out BitTorrent rocked Hollywood in other ways.
Gawd damn... let me get some ripple again. I fucked sold all my ripple early last year when this tried first started and ripple was moving. Now it seems like the hot thing to invest in.
Side note... there’s new malware out that designed to pretend to be your wallet on your computer. There’s also one called Botnet that will replace your wallet.
Be careful out there fellas... nothing is uncrackable.
Be careful out there fellas... nothing is uncrackable.
Some fucked up news sites are reporting a Korean trading ban instead of saying they just stopped anonymous dealings with banks.
It just seems people have to become immune to the reckless reporting for things to get going again. The FUD was crazy over the last few weeks, but the market should recover nicely. Catch solid coins on sale. There are just too many shitcoins and more coming out every fucking day. Think more money will be coming into the solid projects that start getting featured on MSM between FUD pieces.
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