submitted by tokenclubtct to u/tokenclubtct [link] [comments]
Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows:
1. TokenClub Events
1)TokenClub & 499Block reached strategic cooperation in live broadcasting
On May 28th, TokenClub and 499Block reached a strategic cooperation to jointly build a live broadcast ecosystem in the vertical field of blockchain.
When 520 comes, TokenClub launches live interactive interaction. During the event, participate in interactive questions in the live broadcast room or forward the live poster to Twitter and the telegram group, and upload a screenshot to have the opportunity to extract 520, 1314 red envelope rewards
3)Text version of live content is abailable on Medium
In order to better understand the live broadcast of TokenClub by overseas communities, we translated the live broadcast content into English and uploaded it to TokenClub’s Medium official account, so that the community’s small partners can view it.
4)Preview: TokenClub’s self-media grandma is invited to participate in the golden financial theme live event
From May 29th to June 4th, Golden Finance will hold a five-day live broadcast of the theme of “Finding Double Coins”. Grandpa Coin will express his views on June 3, welcome to pay attention.
Recently, Binance Co-founder He Yi, TRON founder Sun Yuchen, Hobbit HBTC founder Ju Jianhua, OSL chairman Dave, BlockVC founding partner Xu Yingkai, Outlier Ventures founder amie Burke, Bitribe founder SKY, CryptoBriefing CEO Han Kao , Huarai Group / Vice President, Global Market and Business Leader Ciara, Guosheng Securities Blockchain Research Institute Sun Shuang, Tongtongtong Research Institute CEO Song Shuangjie, Jin Tiancheng Law Firm Senior Partner Yu Bingguang, Binance China Jiang Jinze, principal researcher of Blockchain Research Institute, Meng Yan, vice president of Digital Asset Research Institute, co-founder of Primitive Ventures & director of Coindesk advisory board-Dovey Wan, founding partner of Genesis Capital & co-founder of Kushen Wallet Ocean Liao Yangyang, Binance C2C-Kathy, Binance OTC-Coco, Binance Contract & Options-Justin, Binance VIP-Jennifer, Binance Broker-Jess, Binance Mining Pool-Denny, Harbin Institute of Technology Blockchain Research Executive Deputy Director Xu Zhifeng, dForce founder Yang Mindao, Mars Finance co-founder Shang Silin, Cobo & Yuchi co-founder Shenyu, well-known investor Xu Zhe, CasperLabs CEO Mrinal Manohar, CasperLabs co-founder Scott Walker, Chairman of Rock Tree Omer Ozden, Nova Club incubation team leader & Waterdrop Capital partner Zheng Yushan, Rolling Stone miner founder Alex Lam, BitUniverse coin founder Chen Yong, Odaily Planet Daily founder and CEO Mandy Wang Mengdie, Binance stablecoin BUSD project responsible Helen Tu and senior expert of TokenClub blockchain and cryptocurrency investment strategy-Zao Shen talks with you about blockchain things ~
On May 18, Block 101 Binance Key Account Manager Luna talked to Primitive Ventures co-founder, non-profit bitcoin development fund Hardcore Fund executive director, and Coindesk advisory board director-Dovey Wan, to understand “C and C How is the Goddess of Crypto Assets made? “Dovey Wan shared with us on asset allocation, investment judgment, entrepreneurship, DCEP, etc.
On May 19, Block 101 Yingge talked with Sun Zeyu, the founding partner of Genesis Capital and co-founder of Kushen Wallet, to share the theme of “Blockchain Investment Experience”. This investor, who is rated as “reliable” by insiders, recommends that novices try not to touch contracts, do not stay overnight even when making contracts, be alert to risks, refuse gambling, and rationally analyze investments.
On May 20th, 499Block ’s two-year birthday carnival “Global Hot Chain, Keeping Together for Every Year” celebration was held in the TokenClub Live Room. The cross-border AMA Solitaire + popular day group anchor live video sharing, including Binance Co-founder He Yi, TRON founder Sun Yuchen, Hobbit HBTC founder Ju Jianhua, OSL chairman Dave, BlockVC founding partner Xu Yingkai, Outlier Ventures founder amie Burke, Bitribe founder SKY, CryptoBriefing CEO Han Kao, Huobi Group / Vice President Global Markets and Dozens of blockchain leaders from home and abroad, such as Ciara, the business leader, all appeared on the scene, and 499Block became a popular beauty angel group to help the interactive host.
On May 20, Sun Shuang, senior researcher of Guosheng Securities Blockchain Research Institute, Song Shuangjie, Jin Tong, CEO of Tongzhengtong Research Institute were jointly invited by Lingang Xinyefang, Lingang Innovation Management School, and Binance China Blockchain Research Institute. Tian Bingguang Senior Partner Yu Bingguang, Binance China Blockchain Research Institute Chief Researcher Jiang Jinze, Vice President of Digital Assets Research Institute Meng Yan, and many experts talked about the “Critical Digital RMB DCEP” in the live broadcast, one A feast of intertwined thoughts is worth watching again!
On May 21st, Ocean Liao Yangyang, the founder of Block 101 Seven Seven Dialogue Force Field, focused on the “big enlightenment era of digital assets”, Ocean shared with us his entrepreneurial experience, the first pot of gold, public chain, currency circle and Analysis of the current market. Regarding the future of Bitcoin, Ocean feels that he can work hard towards the direction of digital gold and become a substitute or supplement for gold. He is determined to see more, because the ceiling of the entire industry is very high, and he still cannot see its end point. The index level is rising, far from being over.
On May 22, “In the name of the Pizza Festival, we came to a different live broadcast” Bringing Goods “”, which was organized by the girls in the 101-day group of the block: June 6, July 7, Sisi, Yingge, Qianjiangyue , Dialogue: Binance First Sister, Binance C2C-Kathy, Binance OTC-Coco, Binance Contract & Options-Justin, Binance VIP-Jennifer, Binance Broker-Jess, Binance Mining Pool-Denny. We have explained to us one by one about C2C, OTC, contract options, etc. If you are interested, please move to the live room.
On May 22, Block 101 Sisi Dialogue Xu Zhifeng, executive deputy director of the Blockchain Research Center of Harbin Institute of Technology, shared the theme: “Strategy of Great Powers: Seizing New Highlands of Blockchain Technology”. He expressed his views on his own currency circle experience, entrepreneurship, blockchain technology, DECP, etc. Xu Zhifeng is very optimistic about the future development of blockchain. He said: “Ten years later, blockchain will become a very common industry. We are the Internet industry and have never changed.”
On May 23, the old Chinese doctor Zao Shen from the coin circle went online ~ The theme of this issue: If you want to be short, you must be able to sing first, and if you want to be long, you must be patient. If the meal is not fragrant, the game is not good, and the happiness of the past has drifted into the distance, just because the daily reading is still a loss, and the head is hurt. Don’t panic, the old Chinese doctor Zao Shen of the currency circle will adopt the Trinity Interventional Therapy and precise care to regenerate life. Don’t move quickly to the live room to see what “therapy” is.
On May 25, Block 101, July 7th conversation with dForce founder Yang Mindao, talked about “DeFi opportunities and challenges.” Yang Mindao believes that the four biggest benefits of DeFi are: programmability; non-custodial nature; non-licensing; composability. He believes that the current public chain market is seriously homogenized, and the most promising public chain is Ethereum. Ethereum is the best and largest in terms of developer group, ecology, and technological evolution, and can absorb the advantages of each public chain. At the same time, he is also extremely optimistic about DeFi, “DeFi application value is gradually verified, and the value of this type of token will gradually become more prominent.”
On May 26th, Mars Finance co-founder Shang Silin Hardcore Dialogue Cobo & Yuchi co-founder Shenyu and well-known investor Xu Zhe. The trend of “financialization” in the digital asset industry is becoming more and more obvious, and the friends of miners need to master more and more skills. Unveiling the mystery of hedging for everyone.
On May 26th, Nova Superstar Dialogue Phase 13 focused on the Silicon Valley star project CasperLabs, specially invited CasperLabs CEO Mrinal Manohar, CasperLabs co-founder Scott Walker, Rock Tree chairman Omer Ozden, and Nova Club incubation team leader Water Capital Partners Zheng Yushan, discuss CasperLbs together.
On May 26, Block 101 Sisi talked with the founder of the Rolling Stone Miner, Alex Lam, and took us into the “post-worker life” of a PhD in finance. Alex shared the reasons for entering the coin circle, the first pot of gold, mining, pitted pits, investment experience and opportunities in the digital currency industry. Alex said: Bitcoin exceeds US $ 100,000, and it will be in the second half of next year or the year after.
On May 27th, Block 101 Yingge talked with BitUniverse founder Chen Yong and shared the theme: “Who” needs grid trading. Chen Yong mainly introduced the currency trading tool of Bitcoin. In his view, grid trading has changed an investor’s concept-from stud into a batch of positions and positions. Regarding the price of Bitcoin, Chen Yong believes that the price of Bitcoin may reach one hundred thousand dollars around 2030.
On May 28, Block 101 Binance Mining Pool Wu Di talked to Mandai Wang Mengdie, founder of Planet Daily Odaily, to learn more about the process of “media entrepreneurs marching into the blockchain from venture capital circles”. Mandy believes that the core competence in the media industry is high-quality original content, which is the most basic but difficult to stick to. The initial focus of entering the mixed media industry of the dragon and dragon is to focus and amplify value.
On May 29th, Block 101 Qianjiangyue Dialogue Hellen Tu, the project leader of Binance Stablecoin BUSD project, talked with everyone about the stablecoin “Life and Death”, Hellen shared the stablecoin in detail, and published his own the opinion of. For details, please move to the live room.
On May 30th, Zaoshen came to share the theme: Dongfeng blowing, bullets flying, unlimited chase? In this issue, Zao Shen shared with you the recent international financial situation and various major events in the United States in the past week, which extended to the impact on the currency circle and answered various questions about investment strategies. Friends who want to know more details can move to the live room of Zao Shen.
3.TokenClub operation data
-Live data: 13 live broadcasts in the past two weeks, with over 800,000 views. TokenClub hosted a total of 870 live broadcasts with a total of 45.06 million views.
-Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 1268 times, the amount of participation exceeded 2 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.11 million times, with a cumulative participation amount of 498 million TCT.
-Chat data: In the past two weeks, a total of 19271 messages have been generated. A total of 4.85 milliom messages have been launched since the function was launched.
-Mini-game data: The mini-game has participated in a total of 4212 times in the past two weeks. A total of 1,66 million self-functions have been online.
-Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 962612 TCT total consumption was 6,27 million gift certificate total consumption was 15,95million and TCT mining output was 161496.
-TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people.
-Social media data: At present, the number of Weibo official accounts is 18033 and the number of Twitter followers is 1332 and we have opened the official Medium account this week, welcome to follow.
-Telegram official group data: In the past 2 weeks, there were 238 chats in the group, and the total number of Telegram official groups is currently 2906.
-Medium data: Medium official account u/TokenClub has published 5 excellent articles, official announcements and updates are published in English, welcome to follow.
TokenClub held an event for forwarding Twitter and telegram group chats for overseas users. Bitcoin halved in less than two weeks, overseas users are more active in the telegram group, and some friends are more concerned about Binance Block 101 live broadcast, aggregation exchange, TCT usage and other issues, the administrator responded in time.On May 12th, when Bitcoin was halved, TokenClub organized a forwarding Twitter, telegram group chat prize event and participating in a live question asking interactive prize event for overseas users. There are many live broadcast events in the near future. The live broadcast poster information will be released to overseas users as soon as possible. The follow-up TokenClub will translate and broadcast high-quality live broadcast content to Twitter and Medium. Bitcoin halved, overseas users are more active in the telegram group, and some partners are more concerned about block 101 live broadcast, bitcoin future price trend, TCT usage and other issues, the administrator responded in time in the group.
Sweet Orange Club Weekly News
Last Friday, a holiday, the community opened the red envelope rain event, and brought a sincere gift to everyone while relaxing in the holiday. At the same time, it also sent the most sincere blessings to all mothers in the community on Mother’s Day. Thank you for your long-term support and help to the Orange Club community.
Hundred-day scheduled investment event (Phase II)
The fourth week of the second 100-day fixed investment plan held this week has been awarded, and everyone is still very active in this event. This week, the Bitcoin halving market was also opened in advance. The small partners participating in the fixed investment should now have a certain floating win, so we adopt the correct cycle investment strategy to believe that it can bring unexpected benefits to everyone.
Sign in the lottery.
On the evening of May 3rd and May 10th, TCT Fortune Free Academy carried out the 51st and 52nd week sign-in sweepstakes, and rewarded the small TCT partners who had always insisted on signing in. In these two sign-in sweepstakes, the lucky friends received 20–180TCT as a reward. In addition, during the lucky draw, the college friends also actively expressed their opinions on the topic of this year’s bull market.
The Leek Paradise Community Conference will continue as usual every Sunday at 20:00. During the conference, members will discuss recent hot topics, including gifts and blessings for Mother ’s Day, and the halving of Bitcoin everyone is paying attention to. At the end, the friends in the group also showed a rare enthusiasm at the first sight. It seems that the market still affects the mood. The members routinely started a red envelope rain to cheer for the participating partners and encourage everyone to maintain patience and confidence. Of course, at the same time, we are encouraging ourselves to see the community meeting next week. Come on!
TokenClub volunteer community, sign in red envelopes every day, as long as you sign in every day, you can get good benefits, friends join us quickly! In the past two weeks, the community has conducted active partners.
Volunteer community: Change to the currency circle consultation and pass the analysis of Grandma Coin and Panda analysts, support TokenClub in action, and continue to vote for TCT. In the last month, we have worked hard to learn the rain god’s strategy. We have doubled the coins in our hands. The community WeChat group has recently injected fresh students. We look forward to more people joining! Volunteer community, will continue to work hard for TokenClub
TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc.
TokenClub website: www.tokenclub.com
submitted by thamilton5 to streamr [link] [comments]
You can't sell your kidneys! Responding to objections to data ownershiphttps://preview.redd.it/m19fhx54ng851.png?width=2000&format=png&auto=webp&s=a63224ed0fa83b708455ceb64f2365b56ca73976
Six weeks back, I published a lengthy essay on why, for ordinary individuals, privacy was dead and how a framework of data ownership would provide not just more privacy, but also much more data sharing, economic equality and dignity for the billions of people who use the internet.
The essay sparked a fairly passionate response from those who advocate for a privacy-centric world. I had anticipated more than a bit of blow-back especially because despite the first essay’s length, many points about the ownership model remained unanswered. That is my failing, which I hoped to rectify with this second essay.
1. Data monetization will hinder the open data economy.The argument here is that if the goal is to ensure data is shared most widely, for everyone’s benefit, then it needs to be free. As soon as you put price tags on data, then it will inject “enormous friction into free flow of information.”
At first glance, this sounds like it should be true. Paying for stuff is a friction – not paying is frictionless. But this misses a bigger economic insight. Apply the same argument to bread. If we say bread must be free for all to utilise, and the state must ensure all bread producers make their bread free for all to utilise, (which is what Open data campaigners are ultimately asking for with data) then far fewer people would have bread (that’s a pretty big friction!). Why is this so? Simply because there would be no incentive to produce bread. People may argue that data is an effective side-product of other activity. But that is far from clear. In fact, as Streamr’s sister company and WWF are already discovering, incentivising the production of data turns out to create very original and necessary products.
At its most fundamental level, money is actually a communication tool. Removing money from data means there is no common protocol for sorting good and bad products. Money allows us to say, “my toaster is worth 162 of those apples, 12 pairs of socks and 73 ballpoint pens” all at the same time. A well-priced market for data will therefore sort the good from the bad and end the under-the-table economy which currently exists for user-generated data. By putting a price on data, you should actually see more of it being exchanged and distributed.
But what about those data sets that should remain free because there is a social good involved? Introducing money devalues social giving? Well, why don’t we leave it to ordinary people (who create that data) to decide whether they want to share what they own freely or not? By insisting that data should not have a price, those who want Open data are effectively insisting that money should be replaced with laws to enforce its distribution. It is a busted model at best. And for anyone with libertarian instincts, a dangerous one at worst.
2. Trading data will kill privacy further.The argument often made about devaluing privacy by trading it, is about commodifying a right. It’s about what goes on in people’s minds. To put it bluntly, if you turn data into property and give people monetary incentive to sell, then really you’re bribing them to forgo their privacy.
In the original essay I argue that people with ownership rights over their data will have far more legal and enforcement leverage to obtain whatever outcome they desire: a vast improvement over the current scenario where people are forced to beg FAANG or their governments for just one outcome – privacy. Those points in and of themselves should answer this critique because in the round, with data ownership, people will have more choice over what happens to their data. But there are several other retorts to deploy here that answer the bribery point more directly.
Firstly, people are likely to imbue data with more worth, not less, if they own it. This is a well-studied behavioral economics phenomenon termed the endowment effect. The phenomenon in aggregate could be far, far larger on people’s mindsets than anything privacy campaigners could muster in terms of public education.
Secondly, monetisation allows people to better judge precisely what they are forgoing in terms of their privacy. Not every piece of information I generate is equally precious in terms of the integrity of my identity in the public sphere. I care when others compile lists of who I emailed or texted today. I don’t care so much when it comes to revealing what songs I listened to (though I would of course care if that data set can be cross-referenced so as to reveal the first).
Currently privacy Puritans ask people to get involved in deeply technical or political fights with both governments and companies in order to resist all intrusions. That’s the only weapon of resistance they can offer, and for most people it is a near impossible drain on their time and abilities. And it’s this impossible ask, which devalues their privacy more than anything: because it is too difficult to protect what is precious, people end up giving up on all of it and their privacy becomes entirely worthless by default.
Should we sell our data? A panel on the ethics of individual data monetization - Mozfest, 2019
3. Turning rights into commodities harms the poor the most.But what about the poor? Those people for whom $20 from an advertising agency is a week’s wage? Won’t they be turned into data producing machines, each click generating more money for them but vastly more for the companies utilising the data? Won’t this set-up reinforce existing inequalities rather than mitigating them? What if people are tempted into selling all the rights to their genetic code? If you’re not careful, the warning goes, this becomes analogous to setting up a market in body parts where the poor are enticed to sell their kidneys. This dystopian vision is vividly laid out by Valentina Pavel here.
To sincerely believe that these nightmare scenarios will come true, you have to take a few deft mental leaps and reduce your model of ownership to the most simplistic notion of property that exists. I own this lumber. I sell it to you. You now own it and I have no claim. End of story.
But of course, property transfers encompass a far broader spectrum of models. There’s a reason why it makes up nine-tenths of the law. When transferring data as property, Data Unions, who act as mediators of people’s data, will likely adopt leasing rights more akin to authorship rights than simplistic property rights. The academic Maria Savona has begun to argue this out. Leasing is of course only slightly more complicated as an ownership structure, but it means that professional bodies (data buyers and Data Union administrators) can come to terms with how property is utilised and in what way. This happens in the real world all the time, every single day. To argue that it can’t happen with data (it already does), really is wilful blindness.
And yes, hands up, we’re going to need legislation to stop unscrupulous players, and to establish healthy relations between a union’s managers and its owners. Excitingly, this is something that is already being worked on by RadicalXChange and is also being discussed by the European Commission.
And maybe, too, rather like the housing market, the sale of such property will be regulated to the point where individuals will find it difficult to simply sell off their personal data without employing an agent (like a Data Union) to act on their behalf.
But there is a second element to this counter-argument to data ownership which deserves teasing out. Usually these arguments come from those who model society as an interaction between three parties: the state, atomised individuals and big tech. But this is a desperately hollowed view of what society actually is. And it’s one which way too easily forgets what civil society actors like labour unions, mutual savings and loans banks and credit unions are doing for the position of the poor. By collectivising interests, those institutions improved, not further immiserated, society’s most disadvantaged people. Why wouldn’t they act in the same fashion for the poorest when it comes to the data economy? In our nearly realised world of Data Unions, the brokering of terms of sale does not take place between an individual and a tech giant. That world would indeed be a rapacious one for the individual to navigate. Instead these sales take place through a mediator, Data Union professionals (like Swash) who represent the interests of individual members when coming to terms with data buyers around the globe. These are therefore transactions between parties on a far more equal footing.
The suggestion you’d be selling your kidneys is not hyperbole. This is the argument from the EC’s own specialist body, The European Data Protection Supervisor, on the matter:
There might well be a market for personal data, just like there is, tragically, a market for live human organs, but that does not mean that we can or should give that market the blessing of legislation.Then as the 2017 report’s next line goes on:
One cannot monetise and subject a fundamental right to a simple commercial transaction, even if it is the individual concerned by the data who is a party to the transaction.This last sentence really grates. It belies a real arrogance borne of a desperately paternalistic attitude. Why shouldn’t people have a say in matters that directly affect them. Even more so when they are born of their labour? And it grates even more so given that it is our paternalistic legislator who has been doing all the failing when it comes to protecting privacy. Because all this is being said in an economy in which thousands of companies are already owning and trading our data with each other.
4. But privacy tools are just getting warmed up!In my essay, it’s very clear that I did not give due heed to the new privacy tech that people will already be able to use, such as Zero knowledge proofs or completely trustless decentralized systems, software that will bolster the privacy cause immeasurably by making privacy easier for individuals to control. And what about the extra money that has poured into the privacy tech space (largely during the crypto boom of 2017) that is yet to bear developmental fruit? (Don’t forget that crypto is short for cryptography - one of the most central privacy enhancing technologies).
A quick rejoinder is this: these are just tools that can also be deployed in a framework of data ownership as well as within a privacy setting. Privacy tools needn’t only be employed within a privacy-centric world view. Rather like putting up blinds for my house - I can both own my data, and encrypt it. They aren’t mutually exclusive. It’s the overall legal/ethical/economic framework that’s most important to get right. The privacy framework still suffers from the critiques made in the original essay, which don’t negate the fact of extra (and more technically complicated) tooling.
5. You can’t claim ownership over data - it’s too complicated/ interconnected.Because data is so interlinked between people, how will it be possible for a single individual to own it? Glen Weyl says this: “My mother's (date of birth) is also my (mother's date of birth).” This is of course true. There are hundreds of examples like this. Photos that contain more than the image of yourself. A home address where more than one person lives. How can any individual claim data points like these when the underlying information they communicate has a value generation lineage which could be claimed by so many others, too?
It’s a powerful argument but the flaw perhaps is this: it’s almost entirely hypothetical. In the world of actual data sales, useful saleable data generated by individuals isn’t made up of individual unconnected data points. The theoretic doesn’t correspond to reality. Firstly, no one actually wants to buy one birthday. So argue all you want, but the underlying property is valueless (and I conceded that plenty of people have in fact argued over the rights to own near valueless items for the sake of principle).
And even a bunch of birthdays is actually just that. Without names attached it’s just a bunch of random dates. Literally anyone could generate that information. In fact even birthdays and full names don’t provide much in the way of saleable data. What sells, what has value to others, are multiple data points from individuals that are linked (usually in chronological fashion). Because those linked data points provide useful information about the world.
If we take that as the premise, then linking those data points is the work done in creating the output. If you start linking data points that pertain to you (even though some of them might interconnect to others) you’ll quickly create a data stream that is unique to you as an individual.
If that is starting to sound overly complicated, swap the word data for story and you get a better intuitive sense of what is meant. As an author, I can’t own a given word (or data point) in my book. My rights to assert ownership derive from the fact I’ve worked to put a significant number of those words together to form something entirely unique (data stream). Sometimes that can be as short as a haiku. Other times it is War and Peace.
Pointing out that data sets are made up of individual data points that can’t be owned because they are common to others is correct. No one can dispute that. But it is akin to pointing at hundreds of pages of Wolf Hall then asserting that Hilary Mantel has no right to intellectual property over those works because she can’t own any individual word because other people use those words.
And of course many of these legal arguments about what can and can’t be owned, and in what ways, whether it’s literary, photographic or otherwise, have already been settled (are the ownership rights over data from a Facebook group really any more complicated than a multi-member rock band writing and recording a #1 hit?). Over the centuries, legal precedents have been set. So whilst this might seem complicated within the context of data, for those navigating books, films, or music, those precedents are relatively easily navigated today.
There are many synergies here between the established world of creative IP and the up-and-coming world of data ownership. There is plenty of case law already available to inform the numerous disputes that will inevitably arise once data is further instantiated as a new form of property. And that’s okay. Because those disputes, once resolved, will, like with other forms of intangible property ownership, eventually allow for easier navigation and ultimately much better outcomes.
6. What about indirect data?So it is that not all data that is generated by the individual is solely about just that individual (interpersonal data), not all data about an individual is generated by that individual (indirect data). How do data ownership and monetisation solve these issues? For now, I’m not sure they do.
When it comes to indirect data, I for one believe in the utility of people to collect information on society. Otherwise we might as well close all sociology departments now. The problems come when CCTV cameras (or street lights) can track your every movement or employers own employee work product, or you find yourself in ten years’ time, living in what we benignly call a smart city. A data ownership model doesn’t have a direct answer to this, which still means there’s plenty of room for privacy laws to regulate this sphere of data collection.
7. Individuals won’t get enough money to make this worthwhile.This is an argument formulated by people who’ve likely never entered the business of selling personal data (granted: few people have). Sure, data from one app might be worth very little when divided amongst all users, but combine my credit card data with my Netflix, Spotify, Google, Amazon Alexa, Twitter and LinkedIn data, and that’s likely worth hundreds of dollars every year. If these critics had sold their data, they’d know how much user-generated data is worth in those under-the-table markets that already operate secretly every day. And of course not every Data Union will need every single person to join for its data to be valuable. Both now, and in the future, Data Unions just need a sample size of the whole to deliver reliable information to buyers. The point about the future is important because, as Lanier says, the pie will grow.
“The point of a market is not just to distribute a finite pie, but to grow the pie. Those who dismiss the value of what people do online have forgotten this most basic benefit of open markets.”
See the original post from Shiv on Medium.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]
During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.
What is TkeyNet, and what are its advantages?TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.
How TkeyNet worksRemember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).
TkeyNet can be a neutral utility for financial institutions and systemsA gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©https://preview.redd.it/htf048hmc1b51.png?width=700&format=png&auto=webp&s=9be3fe4895b5bece5c7c0d72548d4724e46556a7
We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — tkeycoin.com. In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.
Why is TKEY a universal asset?As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.
What are the advantages for companies and developers?First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.
What are the advantages for users?This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.
Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.
When will the long-awaited transition to TkeyNet take place?
What changes will be made to the products?As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.
What is radically new in TkeyNet?There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.
Timeline for switching to TkeyNetThe transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.
Listing on crypto exchangesThe liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.
ConclusionThe introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
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