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HUGE BETFURY 2.0 UPDATE - I-Gaming experience you deserve!

HUGE BETFURY 2.0 UPDATE - I-Gaming experience you deserve!

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Today it is safe to say that BetFury 2.0 will change your understanding of the gaming industry! We are glad to present you an update that all BetFury supporters will admire and that all rivals will definitely pay attention to. For six months, our team has been working hard to create the best gaming experience in the TRON Dapp space. Despite all the advantages, the BetFury platform has already become quite well-known among TRON-users. We decided that it is time to change something and offer the whole crypto world an updated BetFury 2.0 platform.

BetFury 2.0 - Social i-Gaming Crypto platform

What makes the updated platform so unique?
BetFury has become the Social i-Gaming Crypto platform with the first BTC dividend pool in the gambling industry. The best gaming entertainment is provided with such advantages: BFG Staking, easy login system, Dividend pools in BTC, TRX, USDT, BTT, 1000+ games, Rank VIP system, Jackpots, Cashback up to 25%, friendly 24/7 support.
The main idea of BetFury 2.0 update is the combination of Dapp features: BetFury Staking (platform profit multicurrency drops for BFG holders in TRX, USDT, BTT) and web 3 API login (TronLink, TronWallet, etc). We open the doors for everyone with standard and user-friendly login by using email/pass or Social accounts login. Together with the high-end remastering of overall UI/UX on BetFury we are proud to show even better, meaningful, and more expressive results.
The next core feature - the Bitcoin Dividends pool is the one all users have been waiting for since Bitcoin was added as a gaming coin to the platform. Bitcoin dividends staking opportunity with a unique mining solution opens new opportunities and new users' acquisition as a result - the rapid movement of development, profitable mining, rising Dividends pool.

Global changes

BetFury moves from Tron to Bitcoin as a master cryptocurrency on the platform. That means that all the internal ratings, wager calculations, rankings, jackpots will be in Bitcoin now.
  • Important! All the reached users' ranks, global ratings of top users, and other data has been recalculated from TRX into BTC after the launching of BetFury 2.0. All data was transferred correctly without any loss.
Deposit/Withdrawal

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Another important global change is related to Tron users who had to use TronLink, TronWallet or any other web 3 API wallet for entering BetFury. This way can still be used to sign in. We open the doors for the whole crypto world with user-friendly login by using 📧 email/pass. BetFury generates a unique address for every user to deposit funds to use all services (games, staking, etc). BetFury platform continues to provide an instant automatic Deposit/Withdrawal system.
Account
From the very beginning BetFury presents the place for tracking your account activity such as bets, transaction history, total wager, personalization tools. In BetFury 2.0 we have added security features related to email/pass such as change email, change pass, Two-factor authorization to provide the maximum confidence for users that playing on BetFury is secure. We did all the updates in the best manner of global leaders in crypto B2C products.
BFG token and BFG(BTC) and BFG(TRX) subtokens

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BFG is the unified token of BetFury platform with a max supply of 5 000 000 000. To expand potential market opportunities and improve the dividends payout we decided to fork BFG for BFG(BTC) and BFG(TRX) subtokens inside the site. Now depending on the cryptocurrency you use when placing bets, you will get BFG(BTC) and BFG(TRX) subtokens accordingly: Bet with Bitcoin - get BFG(BTC). Bet with TRON crypto (TRX, USDT, BTT) - get BFG(TRX).

Advantages of this solution

  • Coming of investors from the whole crypto world and the dividends pool growth
  • Heightened value of BFG token
  • Better earning opportunity for newcomers and old users
  • Increased interest to the project, which will simplify the BFG listing procedure
All tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX).
Basic native BetFury game token (BFG) continues to be based on TRC-20 smart contract. It means that mining BFG(TRX)/BFG(BTC) subtokens are just a solution to start a new mining cycle on the BetFury platform.

Mining price on BetFury 2.0

BFG(TRX) In House games: start from 40 TRX/1BFG Slots games: 13.5 TRX/1BFG Increasing: for every mined 100 000 000 BFG token the price increases for +1 TRX (for In-house games) and +0,5 TRX (for slots).
BFG(BTC) In House games: start from 0.00007000 BTC/1 BFG Increasing: for every mined 100 000 000 BFG token the price increases for +0.0000001 BTC Example: 0.00007100 BTC → 0.00007200 BTC → 0.00007300 BTC → 0.00007400 BTC → 0.00007500 BTC
Slots: Start from 0.000023 BTC/1 BFG Increasing: for every mined 100 000 000 BFG token the price increases for + 0.0000005 BTC Example: 0.000023 BTC → 0.0000235 BTC → 0.000024 BTC → 0.0000245 BTC

House-edge

We have changed the house edge for Dice from 1.5% to 1.99% The reason is that it should quickly replenish the dividend pool. Also because we have a lot of different features, contests, big cashback, VIP Rank system.
Increased house edge on Dice does not affect the increasing of the mining price. In fact, the cost of mining remains the same, due to equalization of the price of mining by the BF team. We are sure that this will have a better effect on the dividend pool and on the distribution of dividends to our users.

Minimal bets

Off-chain bets solutions allow us to reduce minimum bets in every in-house game. Starting from BetFury 2.0 release in-house games will have the next min bets: 0.00000100 BTC 0.00000100 TRX 0.00000100 USDT 0.00000100 BTT Slots, Table and Live games will have their own bets allowed by the games providers. BetFury team is always trying to make better conditions related to integrated games to make it possible to play for everyone. BetFury constantly pushes partners to add more crypto gaming solutions.
BetFury staking (Mining and Dividends)

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The Dividends system is one of the main and most valuable features of BetFury. The system of multicurrency drops for all BFG token holders. From now users don't need to use Tron network to receive payouts for holding BFG. In order to invite new users for mining procedures and increase the value of BFG token, we provide a new 90%-10% staking payouts model with subtokens mining of BFG(TRX) and BFG(BTC).

Advantages of renewed BetFury staking system

Here on BetFury we maximized the opportunity of earning dividends for all newcomers and old users. And from now on we expand this opportunity for every crypto user outside the Tron market. BetFury also gives the opportunity to receive BTC dividends for users, who have been with us from the first day of the platform launch. BetFury Staking solution is ideal for both new users and for existing. New users who decided to join BetFury will join to Build new world class product. There is a unique opportunity to mine BFG(BTC) tokens with the best price and receive generous dividends.
  • Stakinga feature, that means that users claim a reward from the Dividend pool by only for holding their BFG tokens on their gaming accounts. The reward is defined according to the number of tokens kept.

How does it work?

Every 24 hours, the dividend pool releases 3% of the total profit of the platform on every currency, and the amount is shared among all users who hold BFG tokens. Get profit from all the platform’s funds, regardless of whether you are staking: BFG(TRX) or BFG(BTC)!

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By placing bets in Bitcoin users get BFG(BTC) subtoken. Stake BFG(BTC) token to get dividends in the amount of:
  • 90% from BTC pool
  • 10% from each of TRX, USDT, BTT pools
By placing bets in Tron, Tether TRC-20, Bittorent (TRX, USDT, BTT) users get BFG(TRX) subtoken. Stake BFG(TRX) token to get dividends in the amount of:
  • 90% from TRX, USDT, BTT pools
  • 10% from BTC pool All tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX).

Jackpots

Some in-house games have the Jackpot option. Total Jackpots on BetFury are more than 6 000 000 TRX ~ 10 BTC ~ 100 000 USDT. From now on Jackpots pools will be in Bitcoin and when players get the Jackpot - payout will be also in Bitcoin. Check out Jackpot details on the site to know more!

Referral program


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Cooperate with BetFury to receive a lifetime reward for inviting new people! Get up to 15% from platform's house edge for all referrals winnings. The reward is charged in the currency of the bet.
15% - from platform's house edge for each referrals winning bets in in-house games
For example: bet 100 x2= 200 pure profit = 200 - 100 = 100 house edge = 1.99% = 0.0199 (profit)(house edge)(referral bonus 15%)= your referral bonus 100(1.99%)0.15= 0,2985
1.5% - from platform's house edge for each referrals winning bets in slots and table games
For example: bet 1000 x3 = 3000 house edge slots = 3,5% (win amount)(house edge)(ref bonus%)= your referral bonus 30003.5%1.5%= 30000.0350.015 = 1.5
5% - from all mined BFG tokens It means that if your referral has mined 100 BFG – you'll receive 5 BFG

Rating and Rank system

VIP Rank system migrates to Bitcoin, which means that to be higher in the VIP system users should make more bets in any currency but every bet will be accumulated into BTC. For example, a bet of 1000 TRX will add +0.00172 to your total Wager and as a result of your Rank progress. The rank bonus will be paid in Bitcoin.

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Note! All the exciting user's ranks and ratings will migrate from TRX to Bitcoin with no data losses (some minor changes may be occurred due to crypto volatility). Read more in the Rank System page.
Auction

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Lots of users love Auction on BetFury and we decided not to remove TRX Auction but add the BTC one. Two different Auctions are now available. Place bids in BFG(BTC) to win BTC Place bids in BFG(TRX) to win TRX

In-house games

Global redesign and rebranding bring new UI/UX for in-house games. We hope everyone will love new-looking Hi-Lo, Plinko, Circle, Keno, Mines, and Stairs games with some user experience improvements.

Slots, Table games, Live games

BetFury has more than 800 games from the best providers - Spinmatic, Spinomenal, Playson, Booongo, Endorphina, Vivogaming, BetgamesTV, Pragmatic, Habanero, Mr. Slotty, Fugaso, 1x2Network, GameArt. New game providers are coming and from now you will be able to play on any device with even higher performance!

Secret project

Secret project is a unique tool that gives everyone the opportunity to earn even more Bitcoins and it's worth to be implemented separately! The launch is planned in a month after the BetFury 2.0 release.

Summary

We are very excited about your feedback and reactions to the update. The team has been working hard to combine all the existing sets of your favorite advantages in a new manner. BetFury 2.0 is a logical continuation of a great crypto product development story. Once again we would like to highlight that all the changes on BetFury are done for the community and to satisfy the community needs. BetFury team is always in touch to become even better with every next step forward.
Thank you everyone for love, play, and support!
Soon further beyond the moon!
BetFury. You play - We pay!
submitted by BetFury_io to u/BetFury_io [link] [comments]

BetFury gets higher — updated with a new “Stairs” game, BTC & BTT

BetFury gets higher — updated with a new “Stairs” game, BTC & BTT

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Things, you’ve been dreaming about are live on BetFury! More and more opportunities are being created for our best users. Discover the new game Stairs together with BTT & BTC integration.
Meet: Stairs — a new In-house game, Stairs Profit Competition, Integration of BTT & BTC, ability to make deposits and withdrawals with BTT & BTC, BTT dividends pool, product improvements and other buns!
Now let’s see what each new update entails.

Stairs — a new In-house game on BetFury

Enjoy the launch of Stairs in-house game on BetFury! Stairs — is an exciting game, where our raccoon Fury participates. The main purpose is to climb up the stairs to the top. Your winning depends on the stair, which you’ve managed to reach. But you have to be very attentive, because while you climb, stones fall and may squash the raccoon. Oops!
How to play? Follow 3 simple steps:
Step 1. To start, make a bet and choose the amount of stones per one game move, then press “Play” to continue; Step 2. Climbing up the stairs, beware of falling stones! The higher you go up, the more you get; Step 3. Your winning’s amount is your choice: you can pick up a win at any time or go through all 13 moves and get the maximum reward.

Stairs Profit Competition

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BetFury prepared and excellent opportunity to play the new game and win extra prizes. 250k TRX are waiting for the furriest gamers! Top 50 places and 14 days of the best i-gaming experience. See you upstairs on the x73644 — the highest multiplier in the new game! Good luck and have fun!

RULES

  1. The promotion runs from February 12, 2020, until February 26, 2020.
  2. Total prize pool is 250 000 TRX.
  3. Total winning places50. Distribution may be checked in the competitors’ list.
  4. Bets can be placed in TRX, USDT, BTT or BTC (the total winning volume will be considered in TRX).
  5. To become the winner you have to win most of all pure profit!
Example 1: your bet is 100 TRX — winning — 150 TRX = 50 TRX added to your rating. Example 2: your bet is 10 USDT — winning — 13 USDT = approx. 160 TRX (TRX/USDT rate) added to your rating. etc.
  1. The more profit you get, the higher you are in the competition!
You can track your current position in the right section of the promo page (where the auction is).
  • To open the page, find the “Stairs Profit Competition” button in the left part of a games’ window.
  • Press the “?” button. You’ll be passed to the competition’s page.
  • Track there information about the current leaders and read the rules.
  1. Distribution of winnings is carried out automatically to your game balance with no conditions, no wager requirement in 24h.
BetFury will notify players of any significant changes to existing terms and conditions of Stairs Profit Competition before entering into force. However, BetFury may, at its sole discretion, make minor changes to these terms, the promotion itself or the players’ right to participate in this promotion for any reason, without prior notice to the players.
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BTT associates BetFury

BTT (BitTorrent) coin is one of the first tokens that work on TRC-10 protocol based on the Tron blockchain to foster faster speed on the world’s largest decentralized application.
BTT integration allows several changes and opportunities.
  1. deposit/withdrawal can be made from any TRON wallet that supports TRC10
  2. bets are available for all games (including in-house, slots, table games)
  3. minimal bet = 5 BTT
  4. you will receive 0,3% in (In-House games)& 0,05% (Slots)in BTT of all referral pure winnings
Main changes in basic User Experience:
  1. After signing up you can see your game balance. You are able to change it into BTT balance in the drop-down list by clicking on it;
  2. Deposit/Withdraw pop-up is changed. Now you’re able to choose the currency directly in this window. Make deposit and withdrawal in BTT
  • Press the “Deposit” button in the Header.
  • Choose the currency, which you need.
  • Enter an amount or choose from the offered.
  • Press “Deposit”.
  • The same procedure is with Withdrawing.
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  1. Dividend pool. BTT dividend pool is created, which means, that mining price is also represented in BTT.
  2. The mining price is dynamic for BTT and based on TRX/USDT/BTT trading pair rates in real-time mode;
  3. In the Cashback section the available amount is shown in the currency, you’ve chosen in the drop-down list in the header. Cashback history shows all currencies.
  4. Games and Jackpots
  • BTT is not available in the Auction.
  • Jackpots are shown in TRX. To win Jackpot, bets are available in BTT.
  • To place bets in all in-house games you should select BTT in the header drop-down menu.
  1. Account. The total bet is represented in TRX. (BTT is converted into TRX at the Binance rate at the time of betting and added to your total wager).
All Game balances are represented on the page.
Transaction history and Game history are common for all currencies.
  1. Daily tasks are individual for all currencies. You may do the same tasks for TRX, USDT, BTT, BTC separately every day.
  2. The rank system remains the same regardless of the currency the user has chosen. If you are going to place bets in BTT your rank will go up according to the TRX/BTT rate in the time of betting.

BTC breaks into BetFury

Our users have been asking us about it since the first day of BetFury existence. Dreams come true — BTC breaks into BetFury.
BTC (Bitcoin) is a cryptocurrency that isn’t managed by a bank or agency but in which transactions are recorded in the blockchain that is public and contains records of each and every transaction that takes place.
BTC integration allows several changes and opportunities.
  1. deposit/withdrawal can be made
  2. bets will be available for all games (from start only in-house games)
  3. minimal bet = 0,000002 BTC
  4. referral payments — 0,3% in (In-House) & 0,05% (Slots) in BTC of all referral pure winnings
Main changes in basic User Experience:
  1. After signing up you can see your game balance. You are able to change it into BTC balance in the drop-down list by clicking on it;
  2. Deposit/Withdraw pop-up is changed. Now you’re able to choose the currency directly in this window. Make deposit and withdrawal in BTC

Deposit

  • Press the “Deposit” button in the Header.
  • Choose BTC in the list of currencies.
  • To make the deposit you need to copy your BTC deposit address.
  • Then make the deposit in any exchanger. For example, you may read, how to do it in Binance https://cryptocurrencytutors.com/binance-tutorial/
https://preview.redd.it/9zo847dv69m41.png?width=866&format=png&auto=webp&s=6821d4532d1686921eca402a7864150b6a02ffc2
Withdrawal
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  • Paste your wallet address (copied from Deposit section)
  • Enter the amount, which you want to withdraw
  • Press “Withdraw”
Your withdrawal will have 0.00005000 subtracted to cover the transaction fee.
  1. Dividend pool. BTC dividend pool is still not created. This opportunity will be available soon.
  2. In the Cashback section the available amount is shown in the currency, you’ve chosen in the drop-down list in the header. Cashback history shows all currencies.
  3. Games and Jackpots
  • BTC is not available in the Auction.
  • Jackpots are shown in TRX. To win Jackpot, bets are available in BTC.
  • To place bets in all in-house games you should select BTC in the header drop-down menu.
  1. Account. The total bet is represented in TRX. (BTC is converted into TRX at the Binance rate at the time of betting and added to your total wager).
All Game balances are represented on the page.
Transaction history and Game history are common for all currencies.
  1. Daily tasks are individual for all currencies. You may do the same tasks for TRX, USDT, BTT, BTC separately every day.
  2. The rank system remains the same regardless of the currency the user has chosen. If you are going to place bets in BTC your rank will go up according to the TRX/BTC rate in the time of betting.

Other updates:

  1. Dividends
https://preview.redd.it/a7n504j279m41.png?width=2400&format=png&auto=webp&s=362e5951ef046798adf7fd9b420fc46439eef704
For the BetFury team, as well as for the platform users, stability is an important point. Therefore, along with the big update (which includes the release of the game Stairs, Stairs Profit Competition, adding of BTC and BTT) we are updating the distribution system of the dividend pool. What will change? For the stable operation of dividend payments, the BetFury team decided to replenish the dividend pool in the amount of 3,500,000 TRX. Dividend payments will be 3%. Thus, payouts per 100K BFG will become larger and more stable. Distribution example:
The previous pool size was 2,300,000 TRX. With 7% payout, the distribution will be 161,000 TRX (16.9 TRX per 100,000 BFG daily). We add 3 500 000 TRX to the pool (= 5 800 000 TRX) with the payout of 3%, the distribution will be equal to 174 000 TRX (16.9 TRX per 100 000 BFG daily)
Also, the BetFury team recharged USDT & BTT pool in the amount of 4000 USDT/3 000 000 BTT respectively.
The advantage of such a dividend policy BetFury will stable payments and increase investment interest to the platform.
  1. “Instagram”, “Facebook” and “Reddit” buttons in the footer. Communication on BetFury becomes even more accessible. Follow all our social networks to be aware of all events, giveaways, competitions, updates!
  2. UI & UX updates have been made for your pleasurable playing and using the website.
  3. We have taken away the “Daily bonus” section in the left part of a games’ window. It’s connected with the poor Dividend pool and it’s more important to put there information about the current competition.
  4. Weekly Slots Race. It becomes even more convenient to track the information about the winners on the new landing page.
  • To open the page, find the “Weekly Slots Race” button in the left part of a games’ window.
  • Press the “?” button. You’ll be passed to the competition’s page.
  • Track there information about the current leaders and winners of the previous races. Also read the rules.
BetFury is developing every day. We’re working for your pleasure. Every wish and proposal of our users is heard. Thank you for support and feedback. Hope, these changes will make you satisfied. Enjoy playing the new game, win prizes in the competition, boost the Dividend pool and get more profit form Cashback!
We’re always ready for your advices! Contact us on our social networks:
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Medium: https://medium.com/betfury-io Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.i
submitted by BetFury_io to u/BetFury_io [link] [comments]

Transcript of AMA with Brendan Eich, CEO of Brave & Basic Attention Token, creator of Javascript and co-founder of Mozilla & Firefox (Dec. 20th, 2017)

Here is the transcript from today's (Dec. 20th, 2017) AMA with Brendan Eich. Some incredible insights and information:
 
bat-jennie Admin 12:58 PM Hello everyone! Welcome to our first AMA here on the Basic Attention Token (BAT) Rocket Chat! Rocket Chat is one of our verified publishers, so if you’re participating in this AMA through your Brave browser, you’ll be seeing BAT’s utility in action.
Today’s featured guest is the creator of JavaScript, co-founder of Mozilla & Firefox, and CEO of Brave Software and Basic Attention Token himself, Brendan Eich!
For those tuning in, please feel free to ask your questions in the #ama-questions channel on Rocket Chat, which will be active for the duration of the AMA today. Please remember: this is a friendly environment; please be kind and be respectful of our guest and of one another! 🙂
This purpose of these AMAs is to provide a platform for members of the community to ask relevant questions directly to featured guests, and to satisfy any curiosities one may have about our guest’s thoughts, projects, plans and endeavors!
With that, I turn the floor over to our guest. Welcome, Brendan! Maybe you can start by giving a quick update on progress with BAT and Brave!
 
bat-brendaneich Admin 12:59 PM Thanks @bat-jennie.
As people know we're deep into Mercury phase, with a few people working on Gemini (user-private ads, anonymous revenue share to user). We did the first batch of UGP grants last month and will do more in January. We're working on creator referral awards, to pay YouTubers and site owners who bring new users to the platform as measured by 30 days uptime in Brave.
We had a successful pair of bizdev trips to NYC and London over last two months' time, getting close to announcing an ongoing partnership with a top-3 NYC media co.
The tide is turning fast with publishers. Three years ago when I was thinking a lot about brave and studying problems in ad tech, I met with publishers and ad tech people in NYC. Some fear of ad blocking but mostly business as usual, even as programmatic plays launched in previous few years were hitting what now look like peaks (and trying to exit via M&A).
Two years ago I met as Brave founder and pubs were mostly "you're an ad blocker, we hate you" but a few got the larger play. At that point I was thinking about Bravecoin and met with Stephan Tual and co. at Ethereum's London office; helpful but also clear it was too early to do "Bravecoin".
Last year publishers started turning, because their revenue was going down y-o-y, partly from ad blocking but also from G and FB eating the best programmatic ads and owning the user. This year the worm has turned, so to speak -- no one discounts ad blocking and everyone is talking about GDPR + ePrivacy in Europe next year requiring consent for tracking, so with this as background I think we are well-positioned to move into Gemini phase of the BAT roadmap in 1H2018.
 
bat-jennie Admin 1:06 PM Wow, what an update! This is all very exciting news! I’m sure people are just dying to ask you their questions now! Let’s move onto those 🙂.
Our first question comes from Modernity from Rocket Chat:
Why use a separate cryptocurrency (BAT) instead of just using ETH or a more established cryptocurrency?
 
bat-brendaneich Admin 1:08 PM Thanks, @modernity -- the answer is twofold: 1, to raise funds for the project (no shame in that); 2, to precreate the User Growth Pool before the sale to stake users with tokens, gratis. With ETH or other existing cryptocurrencies we would need a rich benefactor to endow the UGP and none were forthcoming. UGP+reserves wallet present notional value is $122M. I don't know of anyone who was willing to give us that much ETH.
When I met with Ethereum folks in July 2015 and talked Bravecoin, I was inspired by "Social Credit" money theory. Give people tokens just for being citizens.
That's the UGP.
 
bat-jennie Admin 1:10 PM @Robert.clark from Rocket Chat asks:
How do you envision the 'moat' of your startup being built? Is it about digging deep into the BAT reward system and creating truly better and more profitable ad experiences for the consumer as well as the advertiser, or more about the privacy focused / decentralized internet browsing experience?
 
bat-brendaneich Admin 1:13 PM Thanks @robert.clark -- we aim to standardize what we can and hope to work with Apple and Mozilla in W3C on anti-tracking specs in new year, so that's not the moat. The moat is attacking Google's main revenue source directly, while using as much chromium code as possible.
That is a durable strategy as Google cannot diversify fast enough, and faces anti-competitive scrutiny in Europe that limits its ability to use MS-like tactics against us. If other browsers want to join in the platform, we will bring them on -- after we have built Gemini phase and specified endpoint as well as on-chain rules.
In this light it is crucial we neutralize Chrome in every area where we do not differentiate by blocking by default. Note: blocking invisible trackers as well as all third party ads (and some 1st party that place with Google DFP), this gives 3-7x speedup on Android vs. Chrome, and Android Chrome has no extensions which means no adblockers.
Google's "ad filter" is cosmetic and doesn't touch trackers or the ads its core business and public stock price depends upon (they'd be bad fiduciaries if they did hurt their revenue materially; I'd join the class action suit!).
My view is G (and FB) are both "stuck"; they have limited ability to disrupt themselves, even ignoring usual big-company and innovator's dilemma problems. When thinking about moats and strategy, I find Mr. Spock's remark that "Military secrets are the most fleeting of all" helpful.
Tech alone isn't a moat. Remember when Steve Jobs was rumored to be considering buying Dropbox? Then a bit later he said "that's just a feature" (meaning OS icloud integration)? The durable strategies go against deep conflicts of interest, in Google's case between Chrome users and G's ad business.
Btw the latest on G's ad filter makes me think they'll get in legal and possibly antitrust trouble, the way they require verification. But we shall see!
 
bat-jennie Admin 1:18 PM @Irak from Rocket Chat asks:
Brave is an obvious buyout target for the major browsers and ad revenue companies. What do you believe would happen to BAT if a buyout occurs?
 
bat-brendaneich Admin 1:21 PM Good q, @irak. I think we won't get bought without proving the Gemini phase at least. If we did get bought, it would be self-destructive to abandon BAT or mess with Brave's terms of use or privacy policy. We're the GDPR or "user privacy by default" option the bigs need. To the extent they cannot move their large-share attention apps toward BAT, they need separate apps.
I can't speculate much more, but I think BAT is safe -- etherscan shows lots of addresses, last I looked, and volume is up. The UGP would be the asset to protect and as we bring on other apps to the BAT ecosystem, we will put it under shared governance.
For Brave and BAT, GDPR looks like the perfect storm along with bad privacy and dopamine-piracy complaints against the big two.
 
bat-jennie Admin 1:22 PM @Coke from Rocket Chat asks:
What are the Brave team's top three priorities at the moment?
 
bat-brendaneich Admin 1:24 PM @Coke, thanks. The BAT ones are 1/ more UGP grants, with sybil attack resistance; 2/ creator referral awards; 3/ publisher onboarding (the top-3 nyc media co. and others). For Brave we have 1/ bug fixes; 2/ performance and memory work; 3/ extension support on laptop/desktop.
 
bat-jennie Admin 1:26 PM @Steve-1 from Rocket Chat asks:
What’s the likelihood of BAT transitioning to its own independent blockchain at some point?
Will BAT switch to an alternative Blockchain due to ETH scaling issues?
 
bat-brendaneich Admin 1:26 PM @steve-1 We have thought about this enough to view it as an option -- no token or coin of value should ever be marooned unless the human element goes wrong. For now we are confident in Ethereum scaling but we're keeping an eye (and will help if we can, as we grow).
 
bat-jennie Admin 1:27 PM @Decisive from Rocket Chat asks:
Is the UGP script locked in any way to prevent a mass sell off, or developepublisher payout via the smart contract, or is it to the discretion of the BAT team?
 
bat-brendaneich Admin 1:28 PM Hi @decisive: Currently locked in a wallet with keys held only by trusted/high-integrity founder-level people.
We don't like fancy smart contracts; I'm skeptical of on-chain governance as right move for upgrading contracts; we're keeping it simple and vetting keyholders who are known and deeply invested in Brave.
Only a few such people; I am one.
 
bat-jennie Admin 1:30 PM A user from Reddit asks:
How is the BAT browser extension planned or being developed?
You have mentioned in the past that he heard Mozilla might be interested in integrating Brave into Firefox. Have there been any updates on that front?
 
bat-brendaneich Admin 1:31 PM First question may be about the idea of a BAT extension for other browsers, but that is premature. The big problem with UGP grants and Gemini-phase ad revenue shares to users is fraud. Just user-funded contributions has a fraud problem too: as with buy widgets, stolen CC identity => $20 charge to buy BAT => contribution at scale via sybils/mturk-users/bots-with-enough-work => settlement to colluding but verified (small blog) publisher. That's why I mentioned sybil-resistance above.
So we can't just make a wish and try monitoring Basic Attention Metrics from an extension, and attributing BAT flows and creating user wallets, from extensions. There can be other problems, which I've noted elsewhere: lack of extension APIs to do all we do for the BAT platform to work (block ads/trackers, HTTPS Everywhere, Fingerprinting Protection, BAM and the ledger), extensions run in JS sandboxes with API limits.
So to put first things first, we will build in Brave while keeping our code as separable from chromium (or the mobile webview on iOS) as possible. After we have those endpoing and on-chain specs I mentioned in pretty good shape, we can assess extension feasibility.
On Mozilla, I can't speak for them. The friend who contacted after the BAT sale signaled interest but said it would take time, to which I said "same here" (per roadmap). I hope that answers the two reddit questions.
 
bat-jennie Admin 1:35 PM @badgamer5000 from Rocket Chat asks:
I've worked in the industry on both the publisher and advertiser side. Conceptually the model is fantastic. Cut out the costly middlemen, better rewards the publisher and the user.
I'm struggling to see how online advertising moves into a permission-based model. Isn't there great risk of a sharp drop in available inventory for both publishers and advertisers?
How do you see this transition period work? Maybe sites use a hybrid during this time?
TLDR - How do you avoid short-term pain for publishers - who are already struggling massively - as they transition to BAT? Especially if Brave market share as a browser increases faster than people think.
 
bat-brendaneich Admin 1:35 PM @badgamer5000 I thought about that for over a year before founding Brave, so good q.
Publishers already face ad blocking cohort of size. E.g. I've heard from CN that Wired and Pitchfork see 30% ad blocker cohort tempting to try to turn around, as Page Fair, Sourcepoint and others wanted to have a go at a couple years ago: 3/7 is ~43% lift if you can convert all those users, but you can't.
Any on tech sites use a strong ad/tracking blocker such as uBO (which we admire and collab with where we can). They don't react well to hostile dialogs to "whitelist, subscribe, or get lost". Every site that tries that loses Alexa share, lol.
So the pitch from us to pubishers is: you lost a large and valuable fraction of your readers -- we can win some back to a paying relationship, pure upside. Make it a positive sum game.
On the ad side, we see such garbage, race to bottom, spray-and-pray deals that we don't worry about getting top brands and agencies doing trials next year; we are warming them up rn. The idea of user-private, low frequency (one a day), long-form/high-CPX video+landing page, personalized ads is strong.
The local machine learning users get when they consent to the BAT ads can see everything: search queries, Amazon queries and consummations, click logs/tab constellations, absolute above the fold and Z-order visibility and viewability. All together we hope this can notice great opportunities for advertiser and user.
E.g. you are shopping for a car, have not quite decided, have tabs open on BMW and Mercedes. You've even set a BMW dealer visit up for 1pm Saturday. Mercedes will pay ~$70 gross for a lead that will take a test drive at their home two hours ahead; 11am Sat we will give the user 70% = $49 in BAT.
This is kind of a best-case and we haven't locked this deal down, so take it as a for-instance. But I'm not worried about getting ad trials, and moving to paying deals as we tune the local machine learning agent.
 
bat-jennie Admin 1:42 PM A user from Reddit asks:
We know that earning BAT isn’t supposed to constitute a full income, but how much money can a user realistically expect to earn per month watching ads?
 
bat-brendaneich Admin 1:45 PM I don't know. If you assumed every user could get a fixed piece of the ~$80B ad spend on digital in US this year, you might see $80B / 250M (people of age to act on ads) x .2 (programmatic share outside G/FB) x .15 = $9.60 per person year. But that is way low for our users, and take it as a lower bound.
Brave's principles are: 1/ consent-based always (user, and publisher if they want to participate); 2/ no tracking data in clear off device to any servers; 3/ revenue share to inventory owner (ad slot owner; "inventory" on "supply side" means ad space) should be 70% (industry standard); 4/ as much or more rev share to user as to Brave, to align interests.
So for user private ads, we will give 70% to user via BAT. If we do programmatic ad slots with pub as partner (recovering some of that revenue lost to ad blocking; positive sum game) we will give pub 70% and 15% to user, 15 to us.
So suppose our users are more valuable than average (early adopters, web and tech and even crypto savvy); take that $320/person-year figure from above ($80B/250Mppl). 70% of 320 is $224. That is a notional upper bound.
My BMW vs. Mercedes lead gen example suggests higher outliers but you don't by a new car every month, lol. Still, attention has not been fairly priced by deep/transparent markets. Let's find out how much users could make. I hope this helps.
 
bat-jennie Admin 1:49 PM @Tyler from Rocket Chat asks:
What was your reaction to the UGP being claimed so quickly?
 
bat-brendaneich Admin 1:49 PM Thanks, @tyler. I expected it to go fast and it suggests both high interest, and growth opportunity -- esp. as we add creator rewards for referring users who stick around 30 days.
 
bat-jennie Admin 1:50 PM A user from Reddit asks:
How does the BAT system differ from Patreon?
 
bat-brendaneich Admin 1:53 PM Great q, anonymous Reddit person! 1/ we are a user agent so work with any verified creator, whether they sign up with another site or not; 2/ we don't censor first parties (whether sites, accounts on YouTube, Twitch, etc.,) as a browser, beyond things like antiphishing/antimalware protection that all browsers use -- if you can verify you own the payable resource (domain name, account) by challenge/response and/or OAuth APIs, you get verified and your fans can support you.
There are still censor risks in (2) at the moment, of course. DNS registrars, account systems, even Brave so we will move toward decentralized and anonymous operation over time -- that is the Apollo phase of the roadmap.
 
bat-jennie Admin 1:54 PM @Jscrypto89 from Rocket Chat asks:
Will there be function to donate/tip creator on the spot instead of waiting for the monthly payment?
 
bat-brendaneich Admin 1:55 PM @jscrypto89 That is timely, as our team thinks the ANONIZE2 protocol we use may support such spot contributions without loss of anonymity.
The other challenge there is blockchain scaling, of course. With Bitcoin in the beta test, and with BAT on Ethereum now, the fees can add up. We're looking at this but the best anonymity and fee amortization is via the 30-days-of-uptime, private-on-device ledger reconciliation => settlement process.
 
bat-jennie Admin 1:56 PM @Frosty from Rocket Chat asks:
What is the most interesting thing you’ve encountered so far, and how has it affected your direction?
 
bat-brendaneich Admin 1:58 PM @frosty i have to say that learning about tokens (from GNT on, as ERC20 was standardized) and realizing I could do "Bravecoin" without having to set up a new blockchain, that was huge (obv. in terms of the token sale but also the UGP).
Another interesting win was ANONIZE, created by CS profs who wanted to anonymize their class surveys. We were looking at randomized response and other techniques in 2015, but ZKP won. We look forward to the evolution of blockchains (zCash already has them; Ethereum hot topic) to absorb this area of research and put it into practice for everyone (ZKP = Zero Knowledge Proof).
 
bat-jennie Admin 2:00 PM @apertus from Rochet Chat asks:
When will BAT be implemented on mobile browsers specifically Android /iOS?
 
bat-brendaneich Admin 2:02 PM Thanks @apertus, and yes: Android ledgeBAT support is hot 1Q2018 initiative and we shall see about iOS. We have good relations with Apple and do not want to have a bad rejected-app day, so stay tuned.
 
bat-jennie Admin 2:02 PM @badger from Rocket Chat asks:
How does the BAT team plan to engage with and foster ease of use for non-technical user audiences?
 
bat-brendaneich Admin 2:04 PM @badger Great question, and we have been a bit short-staffed before 2nd half of this year to answer it well. All new browsers start from what E. von Hippel calls lead users, those who switch browsers fastest and even innovate on web stuff (as web devs, back end pros, power users, etc.). Even for a small-share browser appealing to lead users, we need to smooth out more UX and support more chromium extensions, and we will move fast to do so in 1H2018.
For the non-tech users we aim to keep the defaults right and relieve them from having to learn about crypto. Rn funding the user wallet requires crypto -- but we want to make it easy to use a debit or credit card to do small monthly budget out of goodwill (people do $5-20/month).
With UGP grants and then BAT ads, we really want the more average-at-scale/non-lead user, every user really, to have the option to let their wallet self-fund via UGP up front and then recurring BAT ad revenue and let it drain to their pinned and automatically-designated-by-BAM creators and sites.
That's the steady state we think has simplest user model, no crypto in most users faces unless they want it, etc.
 
bat-jennie Admin 2:07 PM Thank you so much for all of the thoughtful answers, Brendan! To our dear viewers, we are just about to wrap up today’s AMA! But before we do… Brendan, we have one last question for you:
Burnerman from Rocket Chat would like to know:
What color should my lambo be black like Batman or purple like a rapper? 😉 🚘
 
bat-brendaneich Admin 2:08 PM Black like Batman, of course 👍.
Thanks @bat-jennie and everyone! :dancing-penguin:
 
bat-jennie Admin 2:09 PM Thank you so much to everybody that tuned in for today’s AMA! Brendan, it has been an honor having you on! 🙂
We apologize if we didn’t get around to your question today, but stay tuned for more AMAS in 2018! You can find more information about the BAT project here:
BAT subreddit community: https://www.reddit.com/BATProject
BAT Twitter: https://twitter.com/attentiontoken
BAT Facebook: https://www.facebook.com/attentiontoken
submitted by CryptoJennie to BATProject [link] [comments]

Informative post about Feathercoin

Seeing how this Subreddit is lacking any sort of info on Feathercoins and the lack of community support we have, I have decided to start a post that would inform newbies about Feathercoin and seasoned vets on the best places to trade.
Feathercoin:
It is a Crypto Currency that was started by Peter Bushnell. It is a clone of Litecoin (This coin was inspired by Bitcoin). The Feathercoin network generates coins at a decreasing rate. It will generate about 336 million coins which is 16 times more than that of Bitcoin and 4 times more than that of Litecoin. Currently about 25 million coins have been generated.
Network hashrates, Pools, Solo mining:
Currently a mid end system comprising of 7870 or 7970 will get you abot 400 to 700 kh/s. That means that in a given day you will be mining about 7 to 13 Feathercoins on current difficulty level. However If you mine alone that is solo mining, the probability of you finding a block is hard and it may take a while before you make a coin. To counter this people have started making pools to increase the chances of finding blocks. There are many pools that allow you to have multiple workers so you can setup multiple systems and mine at your leisure. Currently some of the popular pools are:
http://www.fcpool.com/
http://give-me-coins.com/
http://www.wemineftc.com/
http://fc.ltcoin.net/
https://ftc.d2.cc/
For a full list of mining pools: http://coinpools.sdfg.org/ftc
It is highly recommended to join a pool to make mining profitable. Look at the pools posted above, look at their fee structure, their payout and make an informed decision on which pool to join.
Hardware and Mining:
Feathercoin utilizes scrypt based mining that is you can use your GPU (the Graphics card inside your system) to mine them. AMD Cards are highly recommended as they output higher hashrates as compared to Nvidia. To give you an idea of the difference a 7870 ghz edition mines at about 375 kh/s whereas a Nvidia 780ti would mine at about 224 to 300 kh/s. If you are seriously considering in investing in this venture it would be best to buy a rig that supports 6 GPU's and buy either the 7950 or the 280x as they have considerably higher hash rates and are affordable to say the least. Something one should be aware of is that mining produces a lot of heat as your system is basically running at full capacity and therefore needs a lot of cooling. People usually build rigs in the open (no case) and use household fans to cool them. Also another thing that is common is to use PCIe risers as they allow greater spacing between GPU cards and effectively help in dissipating heat. Mining uses a lot of electricity so it is best to use a schedule to mine or if electricity is cheap then 6 7950's running 24 hours a day would cost you about 12 to 18 dollars in electricity a month, maybe more depending on where you live. The software to use for mining are Cgminer (https://litecointalk.org/index.php?topic=6925.0), guiminer scrypt (http://forum.feathercoin.com/index.php?topic=961.0) and cudaminer for Nvidia cards. I would advise against Cpu mining as that is not profitable and will simply weigh you down. Invest 250 to 350 dollars in a good AMD GPU and you will be mining much more effectively.
Trading:
There are many places where one can trade Feathercoins but only a few of them offer FTC/USD exchange. Btc-e (https://btc-e.com/exchange/ftc_btc). Is one of the biggest cryptocoin trading exchanges, it does not offer USD exchange for Feathercoins as of yet but allows you to exchange for Bitcoins. Crypto-trade (https://www.crypto-trade.com/trade/ftc_btc), this trading exchange allows you to trade against the USD making it more favourable to miners however there is currently a lack of volume for FTC as of writing. Other exchanges like Cryptsy, Bter and coins-e are all good but they are heavily dependent on Bitcoins and Litecoins for now.
My thoughts
Feathercoin is fairly new and its gaining momentum, once big exchanges start listing it against the USD, the venture will become more profitable. For now it is advisable to mine as many as you can and sit on them till value improves or if you have a mining rig that is mining at 22000 kh/s (this will get you about 500 feathercoins a day) then mine the shit out of them and trade them for Btc for profit although I would recommend against this as it it reduces the value of feathercoin. Many exchanges allow you to deposit money via international wire transfers however the minimum is 2000 dollars so keep that in mind before investing real money into this venture. There are alternatives like paypal and okpay that are also accepted but not a lot of people have accounts on those so signup for a website that suits your situation.
One last ting we all need to do is spread awareness about Feathercoin, It is a miners coin and the difficulty right now makes it so much more interesting to mine. I will update this page with more information and will answer questions if any to the best of my knowledge. Happy mining
My FTC wallet deposit thingy address : 6v1VuL41xGuLG1Bd8usJsuUEkZyac8jKbe
EDIT : I realized some of you might have NVIDIA GPU's and are hesitant on getting AMD. Never fear for there is a solution. If you have a motherboard that supports two or more GPU's that is you have more than one PCIe slots than follow these instructions:
If you intend to game on your system while you are mining then put the NVIDIA card in PCI slot one and buy an AMD card and put it in slot 2. Now install the drivers in the order Nvidia first reboot and then Amd second reboot. You do not need to plug in HDMI to your AMD card just leave it as it is. Now download gpu miner scrypt and select from the list your AMD card and start mining, its that easy. At night if you want to squeeze in more kh/s then run cudaminer and let it mine alongside your AMD. The best part about this is that you can be mining 24/7 on your AMD card and you will not experience any system slow down while gaming or watching movies. Remember to have atleast two workers workers created so you can mine parallel. If you already have an NVIDIA card then just install your AMD card and install AMD drivers and reboot and run guiminer scrypt. At times you might run into the issue of guiminer not starting, just delete it and re install it and it should work fine in 98% of the cases. This is for those who do not want to invest in a completely new system and would rather use their existing system. You can use cgminer as well but remember the order in cgminer starts from 0 not 1 so if NVIDIA is in slot 1 then it is -d0 -g0 and AMD will be -d1 -g1
submitted by motherlode1 to FeatherCOin [link] [comments]

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