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Hello r/CryptoCurrency!!
From the leaders of Qubes OS and The Golem Project, Wildland is a set of open source protocols and software developed with the aim of giving users back control over their digital data. What this means is that we are developing a new layer where your data is handled. Wildland abstracts cloud storage, letting you have encrypted storage containers which are portable between cloud providers. It also supports replication between different cloud providers for redundancy and local cache storage for speeding up operations with slower backends.
We are having a live AMA on Twitter Spaces Wednesday April 20th 6PM CET,
and would love to have you join to ask any questions you have around the project. Why are we creating this project?
Today’s Internet is heavily consolidated around several Big Tech service providers, each of them operating their own closely controlled “walled garden” (i.e. data silo). Centralized, closed services can be very convenient and reliable but they come with heavy strings attached. On top of limited users’ agency there are also well-known problems associated with limited users’ privacy:
- data mining,
- sharing of data with third parties,
- behavioral profiling and monetization,
- moderation of data feeds.
What we hope to achieve
Freeing users from dependency on service providers by going from a service-oriented Internet where corporations hold the reins, to a data-centered Web where the user is the sovereign.
With Wildland we want to:
- give users explicit control over their data so that they can control where it is stored, how it is processed, and what tools they are using to interact with it
- make it easy for users to switch storage providers, move or replicate data between different storage options, and acquire additional storage space from an open and competitive marketplace
- let users organize their data in a manner that supports their personal knowledge-management needs and practices
- allow unmediated publishing and sharing of data without third party supervision or interference
- create a fertile ecosystem for privacy-conscious app-developers who are willing to put users first
Empowering users through the User-Defined Organization
We are developing Wildland around a user-first philosophy, therefore we want users to have the deciding voice on how the platform should operate and evolve.
To fulfill this promise we’re developing a new model of governance for Wildland, with the aim of ensuring that the protocol’s heaviest users will have the strongest influence on its future development. We call this governance model the User-Defined Organization.
Any and all feedback are welcome, and we hope to have you join us during our AMA! Feel free to stop by our subreddit r/wildand.
For anyone that is unaware, when you deactivate your Robinhood account, literally all this does is make it so you can't invest. ALL of your private information, including linked bank accounts, cards, addresses, etc. is retained as if you never made a single change to the account. This means they are still able to market and share your personal data to their "service providers" and this also means your private information is susceptible to security breaches (which Robinhood is notoriously susceptible to). I've requested data deletion and also contacted support asking them to fully delete my account and not just "deactivate" it since I could find literally no way to actually do this on their site.
Cryptocurrency is a decentralized means of saving money. Many have embraced bitcoin and invested exclusively in it while others keep on giving it negative claim upon their ideology about it.
The crypto market is liberated from the political ideology or conviction. Some believe there are myths encompassing the bitcoin which are stowed away from the knowledge on the general population.
Today the conflict among Russia and Ukraine significantly affects the monetary area and furthermore tech organizations among different ventures. Foreign organizations or firm won't have any desire to put resources into them, particularly the sanction on Russia. Individuals are starting to lose revenue on the monetary area in light of its centralized strategy, assuming this prompts bankruptcy, it will influence every one of those that have reserve funds with them.
Cryptocurrency as a decentralized means of saving money won't be impacted adversely in any way as its approach and policy has no terrible impact in the general public
As I would see it, there should be a largely if not an overall view of the different beliefs and critiques surrounding bitcoin. Not coming into conclusion without proper findings and proof to back up false claims about it.
If you are serious about securing your online presence you should be using 2fA on everything you can. if you have access to a hardware token great. If not at least get an authenticator app.
Securing you exchange accounts is great but you should use 2fA for social media accounts also. Especially if they have funds tied to them like moons. A attack on one account might give a hacker enough info to penetrate another more important account.
And remember to secure the authenticator with a pin or pass code. If a bad actor is able to get into your phone with the account app and the authenticator app and the authenticator is unprotected you've just defeated the purpose of the authenticator.
Stay safe out there
I have been subjected to scams, theft and much more in the last 2 years. Believe me it is painful and many times enough to make you give up investing in cryptocurrencies all together. But I learned from my mistakes and today I want to share with you few essential tips to keep your coins secure.
Never ever tell anyone your recovery phrase: It is seems obvious enough right? Let me make it more obvious: Don't tell it to your wife, don't tell it to your children, even if your long passed dad came out of grave to ask for your phrase tell him to go rot in hell. Don't keep it on your phone. You might lose your phone or it might get hacked. Write it down and keep it somewhere safe.
Don't connect your browser wallet to any website unless you are 100% sure. No, make it 1000%!! Check the domain address like a you have a fucked up case of OCD. Check every word in domain's name then Cross check it with 5 different source. And only do it if you really really trust owners of that website.
Anyone started chatting with you at telegram or discord, very politely tell him to fuck off!! Anyone, I repeat anyone, from your coin's telegram or discord channel who "starts" talking to you is a godless thief. Channel admins are usually very busy or very lazy and you need to DM them several times until they pity you and answer. And remember it is very easy to use someone else name and profile picture in telegram.
Don't put all your coins in one wallet: Like that old saying. You never know if a wallet will get hacked or goes offline, apparently wallets which don't keep any of your info are much more safer (someone should confirm this). But again, what if "you" lose your password or recovery phrase? As you can see, either way it is much better to use several wallets.
Don't keep your money at exchanges: Those rich arsholes can't be trusted. They can be hacked as It happened many times before or they just might block your account if they feel like it.
And last but not least, if you are buying a rather unknown coin, do an extensive research on team members and their history and background.(lets say anything outside of top 200 which does not have an age of at least 2 years.)
Stay safe folks
Just go look at the tech behind Phonon (join the Discord link at phonon.network to ask your hard questions).
To summarize:
Fully P2P, EU regs do not apply
PUF hardware based, offline keypair exchange
No double spends
No counterfeiting
No replay attacks
Decentralized certificate authority model
Works with virtually all blockchains natively
Solves L2 "bridge" vulnerabilities e.g. Ronin
Makes PoW L1s like Bitcoin even stronger
Gives crypto the properties of cash (offline privacy)
Trade ETH for BTC for SOL for DOT for anything
Solves scaling issues, is free to transact
Transactions take milliseconds
Can be used P2P remotely, not just locally
Works with eSIMs in smartphones
Works with CC sized smart cards
Community owned by a DAO with patent
Token distribution is majority community owned
Founded by a spin-out of ConsenSys (GridPlus)
All for the cost of a smart card.
People are sleeping on this so hard. It has massive implications and being built right now. A cross-chain DEX is in the works. Test net is coming soon with space for 200 testers who can earn up to $500 each...
Over the last several months, there has been a general crackdown on cryptocurrency user privacy. Today's vote on stronger Know-Your-Customer (KYC) requirements in the EU is the latest example. For coins with a transparent ledger like BCH, the crackdown has raised fears that regulations could in effect split BCH into "compliant" and "non-compliant" sets of coins.
CoinJoin protocols like CashFusion have been used to maintain privacy on transparent ledgers for years, but centralized exchanges are increasingly rejecting BTC that has been recently CoinJoined. I am aware of no credible reports of CashFusioned BCH being rejected from exchanges, but the question lingered in my mind: If exchanges wanted to completely avoid dealing with BCH that had ever passed through a CashFusion transaction, would they be able to?
After deploying graph analysis on the BCH blockchain from July 2020 to December 2021 I can answer that: No, not as a practical matter.
94 percent of the value of the BCH unspent transaction output (UTXO) set created between July 29, 2020 and December 23, 2021 (corresponding to block heights 646085 and 719602) is a direct or indirect descendant of a CashFusion transaction. This represents 10 million of the 19 million BCH that currently exist.
What is a CashFusion Descendant in the UTXO Set?
A transaction that spends the coins (i.e. outputs) of a previous transaction is a child transaction. And, in turn, a transaction that spends the child transaction's coins is the grandchild of the original transaction. If the outputs of a transaction can be traced backward in time to a particular transaction through a series of parent-child relationships, then that transaction is said to be a descendant of that earlier transaction.
The UTXO set is all of the outputs that have not yet been spent. In other words, the UTXO set is the grand total of all coins that BCH owners possess in their wallets, available for them to spend.
The figure below illustrates these concepts, using a fictional transaction graph) (i.e. network relationship) with various scenarios. The red circles are CashFusion transactions. Purple circles are non-CashFusion transactions that are descendants of CashFusion transactions that have already been spent at this point in time in this fictional scenario. Orange circles are unspent outputs that are descendant from CashFusion transactions.
The blue circles, on the other hand, represent spent outputs that do not have any CashFusion ancestors. If an output is unspent but remains untouched by a CashFusion transaction, then it is green. Notice that when blue circles combine with purple circles, their descendants are all purple.
CashFusion descendant visualization
In the figure, the total value of the UTXO set is the sum of all coins contained in both the orange and green circles. When I say that 94 percent of BCH in the UTXO set created in the last year-and-a-half is a descendant of a CashFusion transaction, I mean that the orange circles contain 94 percent of the value of the orange and green circles combined. Another way of describing this UTXO set is that these are coins that are in "active addresses" on the BCH blockchain.
Caveats and Conclusion
94 percent sure sounds like a lot, but how closely related are these UTXO to CashFusion? The answer is: Not very closely related. I found that the median number of transaction separating a UTXO and its nearest CashFusion ancestor is 463. So if exchanges wanted to, they could still reject BCH that came directly from a CashFusion and still probably accept the majority of BCH.
It takes time for the CashFusion descendants to spread through the blockchain. I re-ran the analysis for just February 2022 and found that only 44 percent of the value of the UTXO set created in February 2022 was a descendant of a CashFusion transaction that occurred in that month.
Could this analysis be done with BTC CoinJoins? Yes, since the analysis code I wrote should be inter-operable with BTC. However, identifying BTC CoinJoins is more time-consuming than identifying CashFusion transactions, so I have no plans to conduct such an analysis at this time.
Frankly, I was a little shocked at my results. I didn't expect that CashFusion would be so well-integrated into the rest of the BCH blockchain. Of course, to some extent the level of integration is high due to how I've defined it: A descendant is a descendant no matter how many transaction separate it from its ancestor CashFusion transaction.
As use of CashFusion expands and more wallets integrate it as a feature, will BCH become akin to Dash or Decred, which have optional CoinJoins integrated into their protocols? And therefore will centralized exchanges and services be forced to accept CashFusioned coins as a routine part of dealing in BCH? Or will there be a crackdown?
The EU is about to roll out some disastrous crypto regulations but is it really something they can enforce?
Let's say I use muun for my lightning transactions and bitbox or trezor for storage. I turn on Vpn and only sell via non Kyc, non EU exchanges. Wtf is the EU going to do then?
People have even created open source Bitcoin ATMs. While not convenient, it's definitely the right direction.
Let's discuss all possible work arounds that we can implement.
Overall it makes me bullish on crypto, Bitcoin especially since our overlords are leaning increasingly authoritarian. Financial freedom is within reach but it must be protected.
What would to the ideal privacy model of crypto that allow governments to be able to crack down illegal activities while give people enough privacy? For BTC, companies like Chainalysis can trace coins quite effectively on chain so it’s not completely private but privacy can be achieved with LIghting for small payments (but what is small payments and who decide?)— is this a good privacy model, in your opinion? If not, what is ideal security model that would give people enough privacy while allowing governments to be able to track down illegal activities? Thoughts?
