Jumat, 21 Desember 2018

Facebook to Develop Cryptocurrency for WhatsApp Transfers

Mark Zuckerberg's social media behemoth, Facebook, is rumoured to be developing its own cryptocurrency for transfers within WhatsApp, sources have reported. Facebook's token will reportedly allow users to send and receive money, mainly capitalising on the current trend WhatsApp has seen in India's remittance market.

The $541.5 billion giant is set to be launching the stablecoin pegged to the U.S Dollar at some point in the near future, although a date is yet to be set. Facebook's coin is not expected to be launching any time soon as it works on the custody assets strategy.

Facebook's primary reason for focussing on the Indian remittances market is very simple. According to data collected by the World Bank, India received nearly $69 billion remittances in 2017, equating to around 2.8% of the counties GDP. Combined with WhatsApp's growing popularity in India, this lucrative move makes sense for Facebook.

WhatsApp has seen huge growth in India with over 200 million active users of the app. This number has dramatically increased in rural areas of the country since the cost of data has fallen; meaning that WhatsApp is now more accessible at a much cheaper price. 

David Marcus, former PayPal president, joined the business in 2014, taking over Facebook's Messenger service. In May 2018, Marcus announced that Facebook had been hiring blockchain developers under the radar for some time now as it gears up to launch its own token. In a personal a statement on his page, Marcus said:

"I'm setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch"

Facebook has changed its stance on cryptocurrencies dramatically since the start of the year. The group had repealed a ban on crypto advertising in June 2018 but is yet to do the same with the ICO ban.

If the social media giant is to launch this stablecoin, it could well be the first time a major project is delving into the world of cryptocurrency. Facebook currently has more than 2.5 billion users globally and creates more than $40 billion in annual revenue. With India's 480 million internet users expected to rise to 737 million by 2022, the use of a stablecoin on WhatsApp means that Facebook is getting ahead of the trend now before its too late.

Source: https://tokenmarket.net/news/markets/facebook-develop-cryptocurrency-whatsapp-transfers/

Sabtu, 15 Desember 2018

Adrian Peterson Still Uses Corporal Punishment

It is tough to be a football fan this year. I normally cheer for the Dallas Cowboys but this year I just cannot muster the enthusiasm to root for Dak, Zeke and the rest of the Cowboys. Jerry Jones’ ridiculous embrace of Trump and his war on NFL players kneeling during the anthem started my turn against the NFL. Knowing what we now know about concussions, it is also hard to watch the game without thinking of the damage to the players. So, it is difficult to get up for any NFL game even the Redskins and Cowboys on Thanksgiving.

The Redskins did not win the game but running back Adrian Peterson had a good day. I watched him barrel through the Cowboys’ line and could not help but wonder how this huge, strong, man could think beating his little child was appropriate discipline. According to his latest interview in BleacherReport, Adrian Peterson is still using corporate punishment to discipline his child.

In 2013, Adrian Peterson’s two-year-old son was beaten to death by his mother’s boyfriend. My heart went out to Adrian, this child’s mother, and their families as they suffered in a horrible tragedy that no parent should have to go through. Even after this tragedy, Adrian Peterson did not stop using corporal punishment as discipline for his other little boy. In the interview, Peterson claimed he used a switch on his child in the beating that put him in the spotlight and cost him a year of his career and his sponsors. This 6’1, 220-pound man hit his child so severely the child had cuts and bruises all over his back, legs, ankles, even his private area.

After blow back from pretty much everywhere, the NFL suspended Peterson for a year in 2014. He later returned to the Vikings and the Redskins picked him up this season. Unfortunately, he has learned nothing. Four years after the beating that should have ended his career, Peterson claims “I had to discipline my son and spank him the other day with a belt…There’s different ways I discipline my kids. I didn’t let that change me.” Just think about that. Losing one child to violence did not change him. Hitting his other child so badly that it left welts and lacerations did not change him. “Spankings are necessary” he claims. Because that’s how he was raised.

I will never understand why parents in the Black community use corporal punishment as discipline. N.E.V.E.R. And, I do not accept that the legacy of slavery is to blame. Yes, our ancestors were beaten when they made mistakes and/or at the whims of the slave master. Yes, our ancestors wanted to keep their children safe so they thought beating them would make them obey and that would keep them alive. But we do not have to continue this legacy of whippings and switches and belts. We can do better and we need to.

As a parent, I remember the snickers from some of the Black parents when I said I would never spank my child that I instead put her in time out. The claims that time out is for White kids infuriated me. The implication was that Black children are so bad that other forms of discipline did not work on them. They have to be beaten into submission even for the smallest infractions.

And look, I understand the dilemma as a Black parent. The Black children are looked down upon when they make mistakes as if it is some indication that they will grow up to be a thug or criminal. White children are not seen in a negative light when they make mistakes as children. But Black parents cannot live our lives in fear of what others think of our children. Black parents need to ensure that our children know making mistakes are a part of life. That their childhood mistakes do not determine future behavior.

I can only image how Peterson’s son felt getting beaten with a switch for whatever he did as a four-year-old; how much of his self-esteem was chipped away just by the overreaction. Now imagine how he would have felt had his father simply hugged his little boy close while explaining what he did wrong. Black children have a right to their childhood. And Black parents have a responsibility to make sure they are treated as children.

Further in the interview, Adrian Peterson claimed corporal punishment made him the man he was today. And on that, I agree with him. Violence begets violence. It is a vicious cycle that Peterson is unwilling to break. But I hope other parents end this practice before another child grows up to be just like him.

source: https://medium.com/we-know-what-we-know/adrian-peterson-still-uses-corporal-punishment-3c11b3c7df3e

Kamis, 06 Desember 2018

Binance Releases Demo Video of Planned DEX

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has released a new video demo of its decentralized exchange, dubbed Binance DEX, ahead of its launch in early 2019.

Binance DEX will have a very similar interface to its existing centralized exchange, with some additional features. For example, it includes an option to generate a 24-word mnemonic seed phrase for users’ private keys, a “balances tab” to inform users of the status of their accounts & a user icon in the navigation bar that shows individual wallet addresses.

Binance DEX is built on its own Binance Chain, Binance's very own Blockchain that is aimed to offer “low latency, high throughput trading, as well as decentralized custody of funds.”


Jumat, 30 November 2018

Sirin Labs’ $999 Blockchain Phone Will Start Shipping in December

Finney, the blockchain phone announced at the apex of the 2018 token craze, is expected to start shipping in late December.

Unveiling its final design for the first time at an event today in Barcelona, Sirin Labs, the phone’s maker, promises to advance the user experience of decentralized apps (or dapps) with its new hardware.

The company claims to have raised over $157 million with an initial coin offering (ICO) announced early this year to fund the device’s development. Still, with so few dapps yet launched it remains to be seen if there’s an appetite for an improved user experience of the decentralized web.

Sirin wouldn’t commit to a precise date, but Nimrod May, the company’s chief marketing officer, said the firm projects that shipping will start sometime between Dec. 15 and 25. Sirin has partnered with one of the top electronics manufacturers in the world, Foxconn, to produce the devices.

The $999 phone can be pre-ordered now for holders of the sirin (SRN) token. More payment channels will go live soon, and May explained the company will always exchange whatever form of payment buyers use to sirin as it closes each sale.

There’s no relationship between SRN and the price of the phone, so those who purchased them in the token sale are at the mercy of the spot price. The token has bounced between $0.06 and $0.18 over the last three months, though trending up and occasionally spiking since last October, according to data site CoinCap.

More players have entered the market since the Finney was first proposed. In particular, long-time handset maker HTC has promised a device designed with crypto in mind. Upstart Pundi X has also entered the fray.

Sirin’s May declined to give CoinDesk a pre-order figure, but he did give a projection for sales: “I’m pretty confident that we’ll pass the 100,000 in the first year.”

Security chops
As a phone designed to carry around cryptocurrency, Finney makes strong claims about its security.

May emphasized the team’s depth of experience in cybersecurity and its application of artificial intelligence to intrusion detection. The phone is also built with a modification of the Android mobile operating system, called SirinOS, which is designed with blockchain functionality in mind.

That said, the security feature that will undoubtedly get the most attention will be its cold storage wallet. As May described it to CoinDesk, this wallet is effectively a second device in the same housing as the phone.

He said it has a separate processor and users will interact with the wallet on a second LCD screen. Seed phrases will only be inserted through that screen. This can be seen in a design video released by the company.

In order to get people to use new apps in the company’s “dCenter” or decentralized app store, Sirin will make it easy for app makers to send Finney users free tokens.

“We incentivize the user by incentivizing with airdrops,” May said.
User experience
Sirin Labs has said from the start that Finney aims to make crypto easier to use.

For example, if users want to use different apps, they shouldn’t have to think about paying in the right form of crypto. Finney has been built to convert between different tokens as needed. At launch, it will only convert BTC, ETH and SRN.

When CoinDesk first reported on Finney, the firm’s plan had been to use the Bancor network to run its swapping. May says swapping will now run on Sirin’s own software.

One of the tokens running in the dapp store will be the sirin token. “The sirin token is designed as a utility token from the beginning,” May said.

Its only utility, for now, is phone pre-orders. Later, it is meant to run Finney-specific features, such as allowing phone users to sell each other bandwidth on the go. A forthcoming software development kit will allow engineers to brainstorm and advance their own peer-to-peer use cases.

Much as with Bancor, the original plan had been to power these services with the Iota protocol, as previously reported, but Sirin Labs no longer plans to do so. SRN runs on the ethereum blockchain, for now.
Source:
https://www.coindesk.com/sirin-labs-999-blockchain-phone-will-start-shipping-in-december

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Selasa, 27 November 2018

BitPay app not vulnerable to malicious code

A malicious code was found in one of the third-party NPM package which could be used to capture users' private keys.

BitPay assured to users that "the BitPay app was not vulnerable to the malicious code". However, "if [users] are using any Copay version from 5.0.2 to 5.1.0, [they] should not run or open the app".

However, we at CoinGecko advises you to assume that private keys any BitPay/CoPay app to be comprised, and to move your bitcoin to new wallets immediately.



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Senin, 26 November 2018

Kata Motivasi Benjamin Disraeli


Salah satu rahasia kesuksesan dalam hidup seseorang adalah untuk siap pada setiap kesempatan yang ia miliki ketika kesempatan itu dating.
Benjamin Disraeli

Pustaka:
Multivitamin Wisdom 365 hari hal 54
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Minggu, 25 November 2018

The blockchain isn’t just for web applications, silly rabbit.


Scatter is a digital signature provider for the blockchain. Learn more about what we are building here.

We’re in a good place right now with blockchain user-experience, at least relatively speaking. It wasn’t too long ago where interacting with web applications running on the blockchain was incredibly hard and not something the majority of even those that are computer literate could accomplish.



Before MetaMask came out with the brilliant idea to interact with web applications through a secure extension users had to go through a tedious technical process to sign and send transactions to contracts from the command line or any wallet capable of doing so ( which there actually weren’t many if any at the time ). Either that, or they had to forfeit their private key to untrusted applications on the web. This of course led to hindered adoption of smart contract fueled applications because it’s not only unfriendly, it’s down-right dangerous.

Now, we’ve come even further. We have mobile wallets with built in dapp explorers so you can use blockchain enhanced web applications right from within your favorite wallets. These tend to provide a wonderful user-experience since the users are already familiar with the wallet.

In both of these cases though we’re stuck. We’re stuck using web applications only, and in some cases only the web applications that someone has said we can use. There’s a lot of issues with both Web Extensions and Dapp Explorer Wallets. Some of them are pretty bad to boot.

Let’s look at some of the shared pitfalls of both Web Extensions and Dapp Explorer Wallets
- They both only support Web Applications
- They both put the user’s private keys into the same scope as the website.

Dapp explorers have a few more downsides/restrictions as well

-          The team behind the wallet controls what dapps you’re allowed to use, which puts centralization back into the mix.
-          Dapps often have to pay a fee to be placed in popular dapp explorer based wallets because space is limited. When large dapps become included sometimes smaller dapps are pushed out.
-          Some dapps can never be put into a dapp explorer because they would impact the dapp explorer legally, such as dapps that have aspects of porn, drugs, or gambling.
-          You will never be able to put native applications into these explorers at full capacity. They will always be wrapping those applications in whatever framework the explorer is built in, and significantly limiting the resources available to the now-non-native-application. This makes them almost useless for anything that isn’t a web application.

Web Extensions have special downsides too!

-          Popups for web applications can be mimicked quite easily, and there is no way to discern a popup from a web application from one of an extension. This makes them particularly susceptible to click-jacking and limit their possibilities considerably.
-          Extensions auto-update, and some browsers don’t allow you to disable that feature ( fuck you chrome )! Now this one here is a bit more than a downside, it’s a security concern and a large one at that. There’s nothing stopping the team behind a web extension from updating your extension and getting access to your keys. Hell, you wouldn’t even be notified that it was updated. Edit: This just happened 2 days after posting this.
-          Because of both of the above new extension popups can’t be trusted. If a user gets a new popup they haven’t seen before and don’t know it’s new, they will not trust it ( and shouldn’t ). This makes new functionality hard to roll out.
-          Some of these extensions also just give away your information the second you land on a website, making privacy an issue as well. ( though this can be solved with a bit more work, it usually isn’t )
-          Extensions don’t work on mobile! At least not broadly. There's cases of using Firefox ( thanks Dan Finlay! ) For MetaMask and chrome extensions inside of Yandex as well.

Not a very pretty picture is it?
But we’ve learned a lot. You don’t call it computer science for nothing, and these experiments are necessary on our journey to a free and decentralized internet.

At Scatter I started with a web extension because the community needed something fast and dirty to get the job done, that extension is now known as Scatter Classic. Classic did a lot of things right ( privacy model using a permissions-first philosophy, higher encryption schemes, identity, whitelists.. ), but it still suffered from all of the things mentioned above, apart from the giving away of information.

After almost a year of deep shower-thought contemplation I came to the conclusion that an extension wasn’t working for the way I see the future of the blockchain and Scatter. It’s too limiting, still fairly insecure due to being in the browser, always at the mercy of breaking-browser-changes and it’s really not the best choice for users. So I started work on a desktop application. But.. how the hell are we supposed to connect to web apps?

Scatter needs the ability to return results to applications which makes deep-linking not even a choice ( deep linking is something like scatter://transaction?blah=whatever ). Going through return URLs ( such as yourapp.com/logged_in ) to backend servers means the user’s information has to actually touch the internet before it can even reach the application which is horrible, it’s a particularly bad developer experience, and also nullifies local native applications so that’s a bust. I did the natural thing. I created a web extension to talk to the desktop application. ( insert :facepalm: emoji here )

But an amazing thing happened. In order to talk to the web extension from the desktop application I absentmindedly created a WebSocket Server within the desktop application and a client on the extension… I didn’t even realize the door I had just opened as it was such a normal thing to do. I was in the shower when it actually hit me, and I practically slipped and broke my neck rushing to get out and get to my computer. “Of course”, I thought.

That day I created a WebSocket Client JavaScript library called scatter-js. It allows web applications to directly interface with Scatter Desktop after going through some basic authentication and user approval to make it secure and only allow applications the user wants to talk to it, talk to it. But it doesn’t only work with the web! Native desktop applications can use their own WebSocket clients to talk to Scatter Desktop too!

Why is this important?
With blockchains becoming extremely fast and scalable this is an important upgrade. We want to be able to play First-Person Shooter games integrated with the blockchain without exposing our private keys, for instance. This new way of contacting signature providers ( like Scatter Desktop ) allows us to do just that. But it’s not all it allows us to do. A prototype of Scatter Mobile just hit the market. It can instantly connect to all web applications that are using scatter-js, and can also connect to native mobile applications, without wrapping them. This is a huge leap forward from dapp explorers and web extensions. Web developers only have to write code once and they instantly support both desktop and mobile. On top of that games written in frameworks like UnrealEngine4 and Unity3d also only have to write code once and can then export to Windows, Mac, Linux, Android, and soon iOS without changing any of their code. It became write-once use-anywhere. Which is what all developers strive for.

“ I expect within the next year more and more signature providers will start moving over to this type of system as it puts an emphasis on the user’s privacy, and app accessibility. Let it be known we did it first :)”

Aside from the obvious benefits let’s look at some of the other problems having Scatter on the Desktop and Mobile solves for both web extensions and dapp explorers.

-          No more untrusted popups from within the browser since it’s easy to discern desktop/mobile popups from browser popups. No more click-jacking. ( mobile does this with real phone notifications )
-          Keys and private data are never kept within the scope of the dapp anymore, instead they are kept on your desktop/device. This completely removes an entire attack vector. ( albeit while adding another one through websocket connections, but that’s a far simpler problem to solve )
-          No more limitations about what apps you can use! Instead of Scatter telling you which dapps you can use, it’s the dapps telling you that you can use Scatter. This puts the power back into the hands of the user and the developers.
-          No more forced auto-updates. If you don’t want to update, don’t. This is of course a massively important one. “How do we know you’re not updating the extension on us?” is one of the hardest questions I had to answer with Scatter Classic. The answer was always “You’ll have to trust me”, which I hate because it totally breaks the whole reason we use blockchain. Don’t trust, verify. ( Scatter is open-source of course )

Native Applications are the next big thing in Blockchain.
Mark my words. With Scatter Desktop and Scatter Mobile we no longer have to limit dapps to the web. We can now support native mobile applications, native desktop applications, MacOS, Windows, Linux, Android, Tablets, and soon iOS ( hopefully, Apple don’t fuck me on this one ).

This opens up a brand new expanse for blockchain usability and productivity. Imagining the possibilities is almost intoxicating.

-          Native decentralized exchange applications. Native market applications.
-          Native games with built-in marketplaces.. First person shooters, Real time strategy, Virtual Reality, Gambling… so so many options. Native game CENTERS like Steam but for blockchain games.
-          Native banking & budgeting applications, loans.
-          Full developer suites integrated with Scatter for easier testing and deployment of contracts.
-          Native messaging applications.

The list goes on and on, we could sit and dream up things we couldn’t do before this all day. This is truly an untapped resource. I can’t wait to see this ecosystem explode as developers catch on to all the possibilities. We’re in for a wild ride, I hope you’re strapped in.


Source: https://medium.com/getscatter/the-blockchain-isnt-just-for-web-applications-silly-rabbit-926a4ea5ccd1

Selasa, 20 November 2018

Chelan PUD Unveils New Proposed Cryptocurrency Rate Structure

The Chelan County PUD recently unveiled their proposed rate structure for cryptocurrency activities, and local miners are crying foul.

At the heart of the issue is the increased variable and fixed costs crypto-mining activities bring. Customer Utilities Rate Adviser Lindsey Mohns explained the new proposed rate structure.
“This rate structure is built the same way as the existing rate structure that cryptocurrency miners are paying right now, which is referred to as Schedule 35. What this new rate structure (Schedule 36) does is brings into it a market consideration on the energy price because we will have to purchase power on the market to serve the variable load associated with cryptocurrency.”
In other words, the costs of increased demand data mining would bring would be passed onto the crypto-miners.
Said Kimberlee Craig, Chelan PUD’s Public Information Officer, “Chelan PUD is addressing (the rate structure) in a way that captures the cost and protects the investment for the customers that are already here and invested greatly in our system.”
The ‘investment’ Craig spoke of are the PUD’s fixed costs, which would include dealing with the wear the extra power capacity brings.
“Our upfront capital charges are intended to recover the accelerated cost of infrastructure investment in our system, mainly in our substations, which is kind of the main component of the distribution system.” explained Mohns, “So the upfront charges take into account the capacity that’s used by cryptocurrency miners.”
It also should be noted that the extra power the PUD would have to purchase on the open market would not necessarily be hydro-power. Like all energy purchased from the national grid, it would be a blend of renewable energy and fossil fuels.
During the November 7th meeting in which the Chelan PUD explained the newest proposed rate structure, the end of the meeting was left to questions from the public. This quickly descended into more of a public comment-like forum, in which many members of the cryptocurrency community expressed their displeasure at the proposed increased costs.
Denton Meier, part owner of Firefly Technologies as well as Silicon Orchard, a crypto-mining company, was on hand at the meeting and spoke candidly about how he felt data miners were being ignored and left out of the process.
Said Meier, “I think it’s nice to be able to make comment but I seems like they’ve already made up their mind. What’s been missing is actually a round-table discussion and more of a brain storming session. How can we really affect the local economy, how can we work together? Let’s create a business-case scenario and include the PUD in that. ”
Meier and many other local data miners expressed that, if this rate structure were to be approved, they would move their business elsewhere. Idaho, Montana, Virginia and Ohio were all alternate locations brought up at the meeting.
“Looking at it in a bigger picture it’s not just mining but services that can happen around that. Like jobs creation in programming, finance, and other things that will happen over time with the cryptocurrency market. We have the opportunity to become a hub for that.” explained Meier, “With rates that price us out of that ballgame it’s not that root that we need to then grow those other businesses, so that will happen elsewhere.”
Meier also warned the Chelan PUD that the proposed Schedule 35 structure might only kill local data mining operations but leave the door open for hedge funds to operate in their place. Hedge funds have much greater cash reserves than a local resident operating a few computers out of their basement. That affords the hedge fund the ability to operate at a loss for several years in an effort to keep to a long-term vision.
As of the November 7th meeting, there were roughly 20 cryptocurrency operators with applications pending approval. Local members of the cryptocurrency community stated they expected that number to drop off after the most recent meeting.
However, Mohns doesn’t expect that drop off to happen, “We have had several public meetings on the rate itself. We continue to take into account the feedback we’ve heard from cryptocurrency customers so I would have expected if they we going to drop out they would have already, and not necessarily after this (meeting,) because this has really taken some of their feedback into account.”
source: http://www.kpq.com/chelan-pud-unveils-new-proposed-cryptocurrency-rate-structure/

Minggu, 18 November 2018

5 Mitos Seks di Dunia Wanita

Bahasan tentang seks hingga kini masih menjadi hal yang tabu. Tak banyak orang yang berani membahasnya di depan publik. Kebanyakan orang mengetahui bahasan tentang seks melalui kabar burung atau dari mulut ke mulut. Inilah yang membuat bahasan seks tak pernah lepas dari mitos.

Uniknya mitos tentang seks banyak berkembang di dalam kehidupan wanita, bukan pria. Tak percaya, perhatikan mitos-mitos di bawah ini, seperti yang ditulis idiva.com, Kamis (22/10/2015).



Wanita berbeda dengan laki-laki ketika bergairah

Ini sama sekali tidak benar. Baik wanita maupun pria memiliki keinginan seks yang sama. Kebutuhan biologis tidak dibedakan melalui gender.

Orgasme tanda kepuasan wanita dari seks.

Jika Anda berpikir orgasme adalah titik puncak kepuasan wanita, Anda salah besar. Dalam seks wanita mengingin foreplay dan belaian dari pasangan bukan sekadar orgasme.

Seks saat haid tidak akan hamil

Ini adalah mitos besar yang berkembang di masyarakat. Sperma yang dilepaskan ketika wanita sedang haid dapat tumbuh berhari-hari di rahim, sehingga tak menutup kemungkinan jika wanita dapat hamil. Apalagi jika si wanita memiliki siklus haid yang pendek.

Porno tak untuk perempuan

Siapa bilang libido wanita tak terangsang ketika menonton video porno? Wanita juga menikmati video porno sama dengan pria. Jika merasa sulit membuat wanita Anda bergairah, tak ada salahnya Anda mengajaknya menonton video porno.

Orgasme wanita hanya di Miss V

Untuk membuat wanita orgasme, tak selamanya dengan seks vaginal. Wanita memiliki begitu banyak zona sensitif dibandingkan pria. Puting di kedua payudara juga bisa membuat wanita orgasme.
Sumber: https://www.liputan6.com/health/read/2346112/5-mitos-seks-di-dunia-wanita

Sabtu, 17 November 2018

Motivasi - Ayn Rand


Tangga kesuksesan sebaiknya didaki dengan memijak anak tangga kesempatan

- Ayn Rand -

Sumber: Buku saku Multivitamin Wisdon 365 hari

Selasa, 09 Oktober 2018

WHISPER: An EOS Whistleblower Initiative

A Counter-Incentive to Combat Corruption

“Incentives guide behavior. They don’t make you work harder; but they do make you work smarter.”— Compensation Consultants everywhere
While the discussion around alleged EOS Block Producer (BP) collusion rages on, and we consider potential “fixes” to address these issues, I’ve also been thinking about simpler measures which could help counterbalance the very real risks that bad actors pose to the EOS network in the short-term. In particular, I’ve been focusing on measures that would be relatively straightforward to implement and which could be enacted relatively quickly.
This article presents and discusses an EOS whistleblower program which, for ease of reference, I have named WHISPER (whistleblower + program = whisp = WHISPER). This initiative, I believe, could be an extremely valuable tool to help protect all EOS stakeholders by partially offsetting the incentive to collude and corrupt with an incentive to reveal and report.
Any implementation of such a program will undoubtedly require considerable thought to ensure proper governance, structure and administration. But, I firmly believe that we have the skills and capabilities within the community to bring this to life, if we so choose. Let’s start with a little background.

Some Context

Anyone in the U.S. who works in finance, or who simply has a semi-active interest in politics or governance, is probably familiar with the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). Enacted by Congress in July 2010, Dodd-Frank brought sweeping reforms to financial regulation and consumer protections as a result of the serious financial misconduct that contributed to the Great Recession in 2008.
While the implications of this extremely hefty piece of legislation have been wide-ranging, it’s well-known that many provisions remain unimplemented as political parties from both sides of the aisle have fought to approve or overturn elements most suited with party lines when power has changed hands.
I’d like to think, however, that one of the more universally accepted pieces of positive change brought about by Dodd-Frank was the Securities and Exchange Commission’s (SEC) whistleblower program. This program, which officially began in 2010, sought to incentivize, reward and protect citizens who provide “tips” related to violations of federal securities laws, including insider trading, stock manipulation and collusion. In return for information which led to judicial actions against white-collar criminals, individuals were not only provided with employment protections, but also financial rewards which generally range between 10% and 30% of the monetary sanctions imposed on guilty parties.
In total, since 2012 when the first whistleblower award was made, the SEC has awarded over $266 million to 55 individuals, and has ordered monetary sanctions against wrongdoers in excess of $1.5 billion. For whistleblowers, that equates to an average reward size of approximately $4.8 million per person — that represents a pretty powerful incentive, don’t you think?

Bringing it to the Blockchain

Of course, you can’t just copy and paste pieces of complex legislation from the “real world” and apply them to blockchain or, in this case, EOS. Programs that enforce federal laws have been designed by and for centralized entities which have the power, authority and ability to impose penalties on civilians, sometimes with the very real threat of force or loss of liberty for noncompliance.
Clearly, this would not translate well to a decentralized blockchain-based system. On the blockchain there are no central parties to actually enforce financial penalties or order the disgorgement of ill-gotten gains. However, EOS’ delegated proof-of-stake consensus model does still confer meaningful power to Block Producers to remove or blacklist BPs who are found, as a result of a successful arbitration, to be in violation of the EOS Constitution.
The provision of reliable, credible and compelling evidence which can reasonably demonstrate corruption within EOS, such as collusion or vote-buying, should be sufficient to prove wrongdoing and result in a BP’s removal or blacklisting. This shouldn’t be a surprise to anyone. What’s missing currently, however, is the right counter-incentive to encourage members of the community to step forward with information about wrongdoers, and to then reward them for their efforts to help safeguard the network.
The remainder of this article focuses on the high-level development of an open source framework for WHISPER around some basic parameters. The framework is “open source” because, much like the EOSIO software, WHISPER must ultimately be shaped, implemented and administered by the EOS community, and there are many excellent minds who should be consulted on this if we decide to pursue it.

A Basic Framework

For ease of presentation, I’ve divided this section into four broad subsections: Governance, Funding, Fund Administration, and Payment of Awards. Under each of these subsections, I outline a non-exhaustive set of parameters which could serve as a foundation for WHISPER.

Governance

For a program like WHISPER to be effective, it must be governed by a committee of trusted and independent members from the EOS community. So, while there are many excellent minds and contributors among EOS Block Producers, the potential for conflicts is too great to permit anyone with known BP affiliations to sit on the governance committee. It also obviously excludes other members of the community like me — those who want to help create value for the network, but at the same time value their privacy and anonymity.
I envisage the governance committee comprising four to eight known, active and unaffiliated members of the EOS community who have demonstrated a long-standing commitment to EOS and its development, and have a trusted track record of transparency and impartiality. Prospective members of a governance committee must be willing to fully disclose their identity, as well as any current and past affiliations with EOS BPs or other key stakeholders.
In terms of membership demographics, the committee must be geographically diverse to avoid bias and to ensure that it fairly represents EOS as a global community. At a minimum, I believe that four of the seven continents should be represented.
To determine committee membership, individuals would ideally be elected by vote, perhaps by using some variation of the upcoming referendum tool. Alternatively, the committee could be self-appointed under certain circumstances. Self-appointment is not ideal, but it’s also not an impediment provided that WHISPER is funded through voluntary donations (discussed below). In the absence of a formal voting and election process, the community will simply decide informally whether the committee is “worthy” by choosing whether to donate. Under this scenario, the program would live or die based on the committee’s own ability to self-select suitable members.
I would summarize the governance committee’s primary responsibilities as follow: (1) to review evidence provided by whisteblowers, (2) to determine whether sufficient evidence exists to pursue arbitration, (3) to determine the significance and impact of the evidence for the purposes of defining an award amount (e.g., 20% of the WHISPER award fund), and (4) to potentiallyauthorize the transfer of funds to whisteblowers based on successful arbitration outcomes (also discussed below).
Finally, to compensate committee members for the time spent and responsibility assumed to separate factual from fictitious or frivolous claims, I would also support paying a small committee fee to each member as a percentage of total funds contributed, up to some maximum amount of EOS tokens.

Funding

A whistleblower program is worthless without funding to incentivize individuals to come forward. The SEC’s program is “cost-less” in the sense that a portion of the ill-gotten gains are simply separated, at their discretion, and paid to whistleblowers once they have been recovered. No direct additional burden is levied on the community to provide funds to whistleblowers through taxation, for example. Since it’s likely not practical to recover ill-gotten gains within EOS, WHISPER must rely on the benevolence of the stakeholders to obtain funding.
In my opinion, each and every member of the EOS community bears equal responsibility to help safeguard the network. Therefore, to fund a program like WHISPER, I believe that anyone and everyone should contribute. This said, building the program around this expectation may not be realistic. As a result, I’ve identified three additional sources of funding which could be considered:
  • RAM Trading Fees — distributions from the eosio.ramfee account which currently holds ~2 million EOS
  • The Worker Proposal Fund (WPF) — allocations from the WPF to fund the whistleblower pool. The WPF currently builds at a 4% annual rate of the total token supply, so a relatively small allocation would be sufficient (it’s worth noting, however, that the future of the WPF is unclear at this time).
  • Block Producer Opt-In Schemes — as a statement of their commitment to fighting corruption among their peers, BPs could establish an opt-in scheme whereby each contributes, say, 1 EOS per day to the help fund the program. If 30 BPs participated, almost 11,000 EOS would accrue over a one-year period with a current dollar value of ~$65,000. Alternatively, BPs could choose to adopt some kind of matching formula based on donations made by non-BPs tokenholders, up to a maximum amount. To be absolutely clear on this, the intent here is not to put BPs “on the spot.” As I said, I believe we all bear equal responsibility to help safeguard the network. Therefore, BP schemes should be established in conjunction with contributions from non-BP tokenholders.

Fund Administration

It goes without saying that suitable procedures must be established to ensure that contributed funds are allocated correctly, and not mismanaged/internally comprised by corrupt actors on the committee. To address this, I see two potential solutions:
  1. Establish a multisig WHISPER account whereby funds are only transferred to whistleblowers (or anyone else, for that matter) if all or a super-majority of members (i.e., 75%+) approve the transfer.
  2. Establish on-chain execution of fund transfers to whistleblowers using smart contracts in a semi-trustless process. Any other transfers will still require the committee’s approval using the process described under item (1).
Someone with greater technical knowledge than me can speak more intelligently about whether on-chain execution of whistleblower awards is realistic. However, based on my understanding, I believe it is possible provided certain parameters are clearly defined and verifiable on-chain, such as the payment amount and the triggering event.

Payment of Awards

The process for paying awards under WHISPER will vary based on the mechanism that permits the transfer of funds. As mentioned above, funds could be transferred either by approval from governance committee, or perhaps automatic on-chain execution based on event outcomes.
Regardless of the mechanism that’s in place, it is my strong recommendation that successful arbitration against the accused acts as the only trigger for payment for whistleblowers. Arbitration outcomes need not necessarily result in the removal or blacklisting of BPs, but any payments to a whistleblower must pursuant to an independent third-party investigation and ruling against the accused, based wholly or in-part on the evidence provided by the whistleblower.
Clearly, the extent to which these events can be tracked and verified on-chain will dictate whether payments can be made in a semi-trustless fashion, or if we will need to rely on the governance committee’s authorization for transfer to occur.

Wrapping Up

There is so much more to consider if the EOS community wants to pursue a whistleblower program like WHISPER. It’s simply not possible for me to address every aspect of its design in under ten minutes of reading time. Rather, as with many of my posts, they are intended to start discussion and debate as to whether we, as a community, should consider something like this to help safeguard the future of the EOS network.
I imagine a whistleblower program as an effective and elegant tool that is part of a much larger toolkit to help fight corruption within EOS. Despite the obvious work which would be required to establish such a program, I suspect it would be far less laborious and challenging than it would be to define, develop and implement any solutions at the system level.
If you think there’s merit to this idea, please share it with others so that we can continue the discussion. Do you think you would be a good candidate for a whistleblower governance committee? If so, feel free to run with this idea. While I can’t be involved at an administrative level, I can still in contribute to it’s development as a passionate member of the EOS community.

I am a long-time EOS supporter and advocate for decentralized technologies. I maintain an independent EOS Block Producer ratings platform called Mereo.io, as well as the voter proxy proxymereoio. My background is in finance, compensation and corporate governance. I currently co-own and operate a compensation and corporate governance consulting firm on the West Coast of the U.S.
Follow me on Twitter or message me on Telegram at @theblockchainkid.
Source: https://blog.goodaudience.com/whisper-an-eos-whistleblower-initiative-e86434c16114