Re: [kictanet] BLOCKCHAINS - Get in the Conversation and Perhaps Conversion..Digital Currency
Warm Greetings Grace, Greetings Brian, Ashis focus was on the humanitarian angle he is working in. Ric had the details on the marketplace. Someone must've a 'KenyaCoin'?? Blessed day. Regards/Wangari On May 16, 2016 18:31, Brian Muhia via kictanet <[email protected]> wrote:
I've been studying private blockchain systems for a few months (IntelLedger, Ethereum and Multichain), and I have used both Bitcoin and Ethereum. I'm available for comment. Curiously, Ashish didn't mention Slock.it, which has published a project called The DAO, a decentralized autonomous organization. This is a system that uses smart contracts (cue Larry Lessig's "Code and Other Laws of Cyberspace") to automate governance decisions, using a custom-built currency to facilitate voting rights. They're governed by code, stored on the Ethereum block chain. Here's a primer on the concept: https://blog.slock.it/a-primer-to-the-decentralized-autonomous-organization-...
On Mon, May 16, 2016 at 5:24 PM Grace Mutung'u (Bomu) via kictanet <[email protected]> wrote:
Wangari, Our very own Rosemary is an expert in the area of digital currency practice and policy. Thank you proposing this discussion for this year's IGF, it is noted for consideration by the community. Regards,
2016-05-16 17:12 GMT+03:00 Wangari Kabiru via kictanet <[email protected]>:
Happy Monday!
Pray you are well.
Today I have learnt on Blockchains and I am delighted to share of. Learnt from Ashis Gadnis - BANQUAPP.COM and Ric Shreves.
Any persons in this community in the field?
The last time this discussion was here it was CBK and Bitcoin rundowns and the Ministry. Globally a lot is happening.
The discussion is beyond financial services into data management, humanitarian data and refugee transfers services...and more.
This community needs to have sharp deliberations on this at this year's IGF.
<<< start notes>>>
BTC4D @ ICT4D on 16/05/2016
'The blockchain is the new black..'
First overlay is the web Second is blockchain - trust layer Challenge old ways, disrupt governance and centralised authority for enforcing transactions
What is; A block chain is a distributed ledger via peer-to-peer Chain of digital signatures Protocal for exchanging value over internet without an intermediary A technology that allows people to exchange trust over transactions - Bank of England
Critical elements in old times is trust.
A block chain is another type of database for recording transactions - one that is copied to all computers Blockchain can be more than digital currency eg Asset tokenisation - transaction metadata used for transactions
Structure; Data stored in structures called blocks.
Elements; Header, Content - validated list of assets
15M - No. of Bitcoins in circulation 20B - Maximum no.of Bitcoins (2140), algorithm - manage inflation (unlike Ksh, $) $56M - 24hour Turnover of Bitcoins $746 M - Ethirium, 2nd Digital Currency
Volatility of Bitcoin 1.24% 2013 + 2014 - 2015 +
Other Blockchains; Best known are public; Litecoin, BitShares, Dogecoin, Namecoin. Others are private
Types; unpermissioned, permissioned
Newer ones; Ethereum, Microsoft BaaS - Blockchain as a Service
Blockchain can be as a; Platform - build others on it Software
What is happening; R3 working with 40+ banks Visa working on an independent proof of concept Citi has 3 blockchains and own digital currency (Citicoin) SEC, USA Stock Exchange
The playe
Wangari Great idea.. Ali Hussein Principal Hussein & Associates +254 0713 601113 / 0770906375 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim "Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi Sent from my iPad
On 16 May 2016, at 7:17 PM, Wangari Kabiru via kictanet <[email protected]> wrote:
Warm Greetings Grace, Greetings Brian,
Ashis focus was on the humanitarian angle he is working in.
Ric had the details on the marketplace.
Someone must've a 'KenyaCoin'??
Blessed day.
Regards/Wangari
On May 16, 2016 18:31, Brian Muhia via kictanet <[email protected]> wrote: I've been studying private blockchain systems for a few months (IntelLedger, Ethereum and Multichain), and I have used both Bitcoin and Ethereum. I'm available for comment. Curiously, Ashish didn't mention Slock.it, which has published a project called The DAO, a decentralized autonomous organization. This is a system that uses smart contracts (cue Larry Lessig's "Code and Other Laws of Cyberspace") to automate governance decisions, using a custom-built currency to facilitate voting rights. They're governed by code, stored on the Ethereum block chain. Here's a primer on the concept: https://blog.slock.it/a-primer-to-the-decentralized-autonomous-organization-...
On Mon, May 16, 2016 at 5:24 PM Grace Mutung'u (Bomu) via kictanet <[email protected]> wrote: Wangari, Our very own Rosemary is an expert in the area of digital currency practice and policy. Thank you proposing this discussion for this year's IGF, it is noted for consideration by the community. Regards,
2016-05-16 17:12 GMT+03:00 Wangari Kabiru via kictanet <[email protected]>: Happy Monday!
Pray you are well.
Today I have learnt on Blockchains and I am delighted to share of. Learnt from Ashis Gadnis - BANQUAPP.COM and Ric Shreves.
Any persons in this community in the field?
The last time this discussion was here it was CBK and Bitcoin rundowns and the Ministry. Globally a lot is happening.
The discussion is beyond financial services into data management, humanitarian data and refugee transfers services...and more.
This community needs to have sharp deliberations on this at this year's IGF.
<<< start notes>>>
BTC4D @ ICT4D on 16/05/2016
'The blockchain is the new black..'
First overlay is the web Second is blockchain - trust layer Challenge old ways, disrupt governance and centralised authority for enforcing transactions
What is; A block chain is a distributed ledger via peer-to-peer Chain of digital signatures Protocal for exchanging value over internet without an intermediary A technology that allows people to exchange trust over transactions - Bank of England
Critical elements in old times is trust.
A block chain is another type of database for recording transactions - one that is copied to all computers Blockchain can be more than digital currency eg Asset tokenisation - transaction metadata used for transactions
Structure; Data stored in structures called blocks.
Elements; Header, Content - validated list of assets
15M - No. of Bitcoins in circulation 20B - Maximum no.of Bitcoins (2140), algorithm - manage inflation (unlike Ksh, $) $56M - 24hour Turnover of Bitcoins $746 M - Ethirium, 2nd Digital Currency
Volatility of Bitcoin 1.24% 2013 + 2014 - 2015 +
Other Blockchains; Best known are public; Litecoin, BitShares, Dogecoin, Namecoin. Others are private
Types; unpermissioned, permissioned
Newer ones; Ethereum, Microsoft BaaS - Blockchain as a Service
Blockchain can be as a; Platform - build others on it Software
What is happening; R3 working with 40+ banks Visa working on an independent proof of concept Citi has 3 blockchains and own digital currency (Citicoin) SEC, USA Stock Exchange
The playe
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Hi Wangari, Grace, Yes, there are many 'humanitarian' proposals, just like Ashish's website says. Here's another look from DIY Toolkit: http://diytoolkit.org/sprinkling-blockchain-magic-dust-exploring-use-cases-i... . I had thought of developing a 'KenyaCoin' cryptocurrency, but decided against it, as I wasn't sure how to avoid building the typical copycat system that doesn't have much innovation beyond the original Bitcoin system. There are thousands of such currencies now, given the term 'altcoins', that are built as a direct clone of Bitcoin, and they all face the same scaling issue that Bitcoin had to solve when it was growing: volatility cycles, stable markets, online merchant integration, security reviews etc. Growing these systems is difficult and probably only worth it if one has a reasonable idea of why it would help the target adopters. On Mon, May 16, 2016 at 7:49 PM Wangari Kabiru via kictanet < [email protected]> wrote:
Warm Greetings Grace, Greetings Brian,
Ashis focus was on the humanitarian angle he is working in.
Ric had the details on the marketplace.
Someone must've a 'KenyaCoin'??
Blessed day.
Regards/Wangari On May 16, 2016 18:31, Brian Muhia via kictanet < [email protected]> wrote:
I've been studying private blockchain systems for a few months (IntelLedger, Ethereum and Multichain), and I have used both Bitcoin and Ethereum. I'm available for comment. Curiously, Ashish didn't mention Slock.it, which has published a project called The DAO, a decentralized autonomous organization. This is a system that uses smart contracts (cue Larry Lessig's "Code and Other Laws of Cyberspace") to automate governance decisions, using a custom-built currency to facilitate voting rights. They're governed by code, stored on the Ethereum block chain. Here's a primer on the concept: https://blog.slock.it/a-primer-to-the-decentralized-autonomous-organization-...
participants (3)
-
Ali Hussein -
Brian Muhia -
Wangari Kabiru