Gavin Wood news

Co-founder of Ethereum, founder of Parity Technologies, author of Polkadot paper.

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Gavin Wood’s DIY DLT to Help Users Build and Deploy Do It Yourself Blockchains via Substrate and Polkadot

As part of its goal to provide a generalized platform for blockchain development, co-founder of ethereum and Parity Technologies founder, Gavin Wood, has said his company will launch its do-it-yourself build-a-blockchain tool, Substrate in the coming weeks. Wood said, “If everyone can build and deploy their own chain, then suddenly Polkadot becomes a much more interesting prospect.” He added that Substrate will help Polkadot reach its “main bet” – as a simple mechanism to allow people to build and launch their own blockchains. “Substrate is much more general than ethereum,” Wood said, adding: “We really wanted to make something pure and general.” His company Parity Technologies had announced that it had used the Substrate codebase to deploy “Shasper” – the latest iteration of ethereum's scaling roadmap, that mixes scaling solution sharding with consensus switch, proof-of-stake. While Substrate is already actionable, Wood emphasized that work remains to be done prior to its public release, specifically as relates to developer documentation, as well as “rounding some corners and removing any sharp edges.” “I'm giving it a three-week countdown or something on these lines,” Wood said. Wood also made it known that the Substrate software will be relicensed to Apache 2, a more permissive, business-friendly license than the current GPL3. According to the Wood, the new license, “instantly opens the door to all of the Fortune 500 to actually experiment with it.” On top of that, Wood also presented a new Polkadot design that, in his words, allows for “infinite scalability.” This entails a tree-type structure of Polkadot chains running on Polkadot chains, something “cyclical and self-referential, what mathematicians call composability,” he said. Wood continued, “[It's] a hierarchy of chains and the reason that it's possible is that Polkadot can host itself, and every time you go down a level you can scale up 100 times.” Together with Polkadot – that is targeted for release in Q3 2019 – Wood said today's Substrate release paves the way for blockchain networks of all kinds to coexist. “The vision is pluralistic, multiplicative world with lots of teams doing their thing but being able to interoperate and intercommunicate in a trust-free, autonomous fashion.” No Hard Forks It could seem a bit complicated, and sure enough, much of Wood's presentation hinged on clarifying the distinction between Polkadot and Substrate. Unlike on ethereum, protocol changes with Substrate do not require a system-wide upgrade, or a hard fork, to be activated. “Substrate-based chains can upgrade themselves, and this ability to change is useful for fixing hiccups along the way,” he told CoinDesk.
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Gavin Wood Announces ‘Impending Release’ of DIY Blockchain Tool

Gavin Wood Announces ‘Impending Release’ of DIY Blockchain Tool Another do-it-yourself build-a-blockchain tool is about to launch. Speaking at the Web3 Summit in Berlin on Tuesday, ethereum co-founder and Parity Technologies founder Gavin Wood announced that his company’s new tool, Substrate, is weeks from release. As the technical underpinning for his interoperability protocol Polkadot, Substrate provides… The post Gavin Wood Announces ‘Impending Release’ of DIY Blockchain Tool appeared first on Altcoin Today.
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Gavin Wood Launches a Blockchain in 15 Minutes

Gavin Wood of Parity has demonstrated Substrate, a new framework that aims to make launching a blockchain just as easy as launching a smart contract. It is “the biggest bet in... The post Gavin Wood Launches a Blockchain in 15 Minutes appeared first on Trustnodes.
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Gavin Wood, Buzz Feed, Vitalik Buterin: Does Crypto Have a Libertarianism Problem?

Gavin Wood is not F. Scott Fitzgerald. His breach of taboo to provoke debate in “Elizabeth” was misguided indulgence in unrestrained freedom, towed by a news outlet to a sickening and needless denouement; a product of a mindless commitment to liberty-without-boundaries. Does crypto have a libertarianism problem? Also see: Government Pushback Evidence of Crypto’s Creeping Relevance Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Just Because You Can, Doesn’t Mean You Should Buzz Feed News broke a story about the re-emergence on Reddit a year ago of–and last week’s apology for–a story about an 18 year-old man who had sex with a minor because she had AIDS and wanted “to know love” before she died. The author of the article, Ryan Mac, couldn’t resist the urge to follow up with Twitter posts that appear to indicate he senses an ingrained sickness within the early Ethereum community. Questions about co-founder Vitalik Buterin’s preparedness to cover up his colleagues’ misbehavior are obviously raised in this tweet: Among the moderators on r/Ethereum is Gavin Wood's fellow Ethereum cofounder @VitalikButerin. He is the longest-serving moderator on the subreddit. pic.twitter.com/ZZEWGKfchA — Ryan Mac (@RMac18) September 20, 2018 Gavin Wood and His Insights into a Modern World Gavin Wood wrote what he calls works of fiction on his blog post in 2013. “Elizabeth” was one. It followed “Sexism and Physics” and “Lolita Justice”. “Elizabeth” is the story at the heart of this present descent into depravity. Written in first person, it describes an 18 year-old agreeing to take the virginity of a girl he had once babysat, aged around ten-to-twelve at the time, because she had AIDS. Wood claims victimization by aggressive reporters with the intention to “disparage and slander”. He has apologized for the story and seems to genuinely regret writing it. His Twitter feed continues his pleas for forgiveness and claims of innocence of any wrongdoing: Years ago, I wrote a piece of fiction and posted it to my blog. Recently, several reporters have been pursuing it based on false information being spread by people who wish to damage my reputation. Here’s what happened: https://t.co/13vBiYsb9S — Gav “No Giveaways” Wood (@gavofyork) September 19, 2018 When the Trees of the Sordid Obscure the Forest of the Message Wood argues that the story–which he is at pains to remind readers was a work of fiction–was intended to “provoke intellectual debate and discussion around generally taboo subjects like the nature of consent”. The story does little to arouse debate on the issue of what consent means or who is considered capable of offering it. For all of Wood’s claims of “Elizabeth” being “a made-up story meant to spark debate and conversation”, the specific combination of a cruel, grisly disease, impending death, and pedophilia reads more like a school boy’s tasteless attempt at film noir than debate-sparking insightfulness. The debate he sought to fuel gets lost in a host of other questions. How did such a young girl get AIDS? The era is 2013 and the jurisdiction England. We are well into the age of antiretrovirals. We are not taken, in “Elizabeth”, to Botswana circa 1980. How did she get HIV? (Wood claims she inherited it from her father, which is medically impossible.) Why would one knowingly have penetrative sex with someone very close to death due to AIDS? Why publish it? Is it fact or fiction? If true, “Elizabeth” is a pedophile’s journal entry. If fiction, it betrays a mind too concerned with sensationalizing despair to be teasing out a complex ethical issue. “Elizabeth” is not only disturbing, but absurdly incredulous–why would a dying young girl be thinking about sex? His previous piece, “Lolita Justice”, clearly references Vladimir Nabokov’s “Lolita”. Perhaps in Nabokov’s more skilled hands, “Elizabeth” would have been a valid vehicle with which to drive a debate about the cost of tabooism. Cryptocurrency’s Libertarian Pedigree While hardly heartening, Wood’s most credible defense of his story is: “My only position here is that rigorous, rational and unrestricted discussion on all topics is generally a requirement to make informed decisions as a society.” The main problem with this defense is that Wood misdiagnoses pedophilia as taboo. Few in society are left to broach it. Even fewer condone it. Once again, “Elizabeth” only takes us back to England in 2013. This is not Elizabethan times. As Peter Thiel, crypto advocate, libertarian, and former PayPal co-founder, said during a public debate at Stanford University’s Hoover Institute earlier this year, “Crypto is libertarian, AI is communist”. Cryptocurrencies are typically open-source, decentralized, they can be forked by disgruntled users, they cannot be confiscated, and they are not subject to government approval or oversight (though that appears to be under threat). Satoshi Nakamoto famously added the message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” to the bitcoin genesis block, suggesting an anti-state, anti-Central banking agenda. He also wrote that peer-to-peer electronic cash is “very attractive to the libertarian viewpoint if we can explain it properly” in 2008. A 2013 online survey found that almost 45 percent of bitcoin users identified as libertarians. Yet, the anarchist underpinnings of crypto’s earlier years appear to be gradually fading as interest in it broadens. The Hill published a recent survey counting eight percent of crypto users as anarcho-capitalists, 24 percent libertarians, 21 percent conservatives, nine percent centrists, 27 percent liberals, nine percent socialists, and three percent nihilists. While libertarians remain prominent, the rise of self-identified liberals among crypto enthusiasts is noteworthy. Does Crypto Have a Libertarianism Problem? The core tenet of libertarianism is, of course, liberty. Libertarians emphasize the goals of political freedom, autonomy, voluntarism, and a rejection of state power and coercive social institutions. But libertarianism is not a blank cheque for “anything goes”. Advocates likely support gun ownership rights. But few would support the right to wanton murder. A side-effect of the cocktail of libertarianism and relative anonymity is that it permits behavior people might otherwise be reluctant to engage in “when the cameras are on”. Permit does not mean encourage. In fact, prominent cypherpunk co-founder Tim May authored “The Crypto Anarchist Manifesto”, which did concede the possibility of the cryptocurrency revolution aiding and abetting nefarious activities: “… crypto anarchy will allow national secrets to be trade freely and will allow illicit and stolen materials to be traded. An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion. Various criminal and foreign elements will be active users of CryptoNet. But this will not halt the spread of crypto anarchy.” The captivating liberty afforded by the cryptocurrency movement being celebrated in the Gavin Wood saga is little more than an indulgence in the grotesque and the gratuitous. Freedom does not have to mean moral decay. Just because you can revel in your own unpleasantness, doesn’t mean you should. Dragged Into the Gavin Wood Fray, Vitalik Buterin Also Overlooked the Dignity of Restraint The “Elizabeth” story Ryan Mac so shamelessly slapped the crypto community with also managed to drag in Vitalik Buterin. Not only for his alleged disappearing of the more egregious meanderings of his colleagues on r/Ethereum, but also for his own questionable posts on child pornography. Since deleted, Buterin became engaged in a discussion–widely–about the legacy of personal freedom crypto promised to deliver. He issued a comment: “Plenty of bitcoiners advocate legalization of all drugs. I don’t see legalizing possession of child porn as more radical than heroin.” In context, the Russian-Canadian is responding on-topic to a Twitter user asking why the BCH team are to be trusted when “one was on the most wanted list, one called for legalization of child porn (I’m a libertarian and don’t support it), and it goes on.” (The reference to bitcoin cash proponents that support legalizing child pornography is to Rick Falkvinge.) Does The Internet and Crypto Make This Stuff OK Because it Makes This Stuff Possible? I ask the same question of Buzz Feed as I do Vitalik Buterin and Gavin Wood: why are you even talking about these things? This is not about censorship. It is about self-censorship and decency. Because surely one of the benefits–not responsibilities, necessarily–of increased freedom is the freedom to choose restraint when good taste warrants it. There is nothing wrong with exercising decorum and etiquette even if you don’t have to. (Note: Bitsonline reached out to both Ryan Mac and Gavin Wood for comment. Both failed to respond. Apparently self-restraint is possible when it’s convenient.) Sound off below. Can libertarianism and self-censorship live in the same world or does the freedom to do whatever we want call on us to exercise that freedom to its fullest extent? Images via Pixabay       The post Gavin Wood, Buzz Feed, Vitalik Buterin: Does Crypto Have a Libertarianism Problem? appeared first on Bitsonline.
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OPINION

True Digital Age by Gavin Wood

Gavin Wood, the founder of Parity Technologies, a Polkadot developer and a co-founder of Ethereum, shares his thoughts on what is wrong with the existing Internet and why we need to move to Web 3.0

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BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature

Brave Browser Announces BAT “Rewards” Feature On Tuesday, Brave Browser, a crypto-friendly internet application headed by the founder of Mozilla Firefox, Brendan Eich, made a surprising announcement, seemingly aiming to start of 2019 with a proverbial bang. Via a company release, conveyed through its in-house blog, the Brave and Basic Attention Token (BAT) team, which consists of Eich, coupled with an array of fintech, Silicon Valley, and crypto veterans, revealed that it would be previewing “opt-in ads in [the] desktop browser developer channel.” While this feature sounds nebulous, there’s more to this integration than meets the eye. In fact, as broken down in a PC Magazine feature article, this new advertising model will allow common Joes and Jills to earn crypto, in the form of BAT, and potentially other rewards in the feature. This new offering, dubbed Brave Rewards, will siphon 70% of earned ad revenue to users who agree to view advertisements. The remaining 30% will be paid to Brave’s war chest — a likely controversial play, but one necessary for the blockchain project’s long-term survival. Rewards will be available via Brave’s developer/test browser edition. It wasn’t exactly divulged when the innovative feature would hit the publics’ desktops, but the following GIF is how the feature will work: Looking outwards, the Brave team revealed that they expect opted-in users to earn upwards of $60 to $70 a year in the near future, with their preliminary projections predicting that $224 a year could be earned by 2020 through Brave’s in-house ecosystem. While this sounds great — an effective free $224/year for viewing ads — like all things too good to be true, there’s a catch. At the time of writing, Brave has announced support for BAT token withdrawal, as the company wants Rewards’ users to reward their favorite content creators, whether it be large new portals or Youtubers. After this feature goes live successfully, Brave intends to activate “publisher-integrated ads,” which will allow content creators to feature “private ads” on content creators’ pages through the startup’s systems. The company subsequently explained its Brave Ads offering and its applications/benefits from a top-down perspective, writing: With Brave Ads, we are reforming an online advertising system which has become invasive and unusable. Users have turned to ad blockers to reclaim their privacy from ads that track them and sometimes even infect them, and publishers are finding it increasingly difficult to earn ad revenue to sustain quality content with intermediaries that collect huge fees. It is important to reiterate that at this time, this newfangled feature is technically in its beta phase. Due to this positive news, the popular altcoin, which recently gained the support of industry powerhouse Coinbase, has posted a respectable price gain. At the time of writing, BAT is currently valued at $0.125 apiece, posting a 3% in the past 24 hours. The crypto, currently the 36th in this market’s standings, is currently outperforming Bitcoin (BTC) by 2.7%, and Ethereum (ETH) by 2.4%. Crypto Lulls: Bitcoin, Ethereum, XRP Post Barely Any Movement In the same vein of cryptocurrency prices, the broader market has posted close-to-zero movement in the past 24 hours. Per data from Coin Price Watch, BTC has found itself at $3,645 — a mere 0.58% gain over the past day. Other leading crypto assets have also posted slight gains, but have still underperformed BAT. XRP, the go-to asset for fintech upstart Ripple, is up 1.27%, as it sits just shy of the $0.33 price level at $0.3296. ETH, which recently tumbled due to the delayed Constantinople fork, has found itself up by 2%, regaining a portion of the losses incurred yesterday. While the market is trending slightly positive, some analysts expect that BTC is ready to dive. Speaking to MarketWatch, Jani Ziedens of Cracked Market claimed that BTC, if truly oversold, should be posting monumental gains right now, rather than finding itself in an extended lull. So, Ziedens added that this “lethargic base” indicates that demand is limited, “incredibly weak” even, and as such, lower crypto bottoms may be inbound. BAT Title Image Courtesy of Descryptive.com via Flickr The post BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature appeared first on Ethereum World News.
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Cryptopia Hacker Moves Stolen Crypto to Binance; Community Alerts CZ and Funds Are Frozen

It is clear that hackers gave themselves a place to stay in the cryptocurrency industry, which was only made more evident by a recent security breach that happened over the last few days. Cryptopia, a leading exchange in New Zealand, announced a breach that ended in a major theft on January 14th. However, unlike the unfortunate tale that many other exchanges succumb to, that is not the end of the story. The official statement notes that Cryptopia has placed itself into a maintenance mode, helping them to protect their accounts until the regulatory authorities of New Zealand provide other details. Both the High Tech Crimes Unit and the local police are pursuing investigative efforts, though they have commented that “a significant value of cryptocurrency may be involved.” At this point, the actual amount has not been released, and no substantial details have been provided. Still, that has not stopped local news portal Radionz from reporting that the loss is close to $3.6 million. A Twitter user, ShaftedTangu, seems to know where these digital assets are going. On the posts, the user said, Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? https://t.co/0XllsBejUV — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Through a string of additional tweets, the user continued to track the funds, as he mentioned wallet address 0x9007a0421145b06a0345d55a8c0f0327f62a2224. In another tweet, he claimed, “Currently the 0x900 wallet contains around $10 mil USD of tokens, large amounts are $PRL $2mil, $CENNZ $1.168 mil, $Denacoin $2.73 mil, $MSP $0.99 mil” Luckily, just under four hours after the original tweet, CZ Binance replied. The reply said, Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 With such a nonchalant type of reply, it is quite a victory for Cryptopia and Binance that the funds could be frozen at all. However, the victory has not been won yet, considering there is no indication of exactly who performed the hack in the first place. Cryptopia has remained silent, though they posted to their own Twitter profile, saying, “We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.” As a result of these issues, Zhao posted that users should keep their holdings on exchanges, rather than a hardware wallet. However, his post caused an onslaught of negative replies, with some saying that his post implied that self-storage is substantially riskier than storing on a seemingly “reputable” exchange. Zhao later retracted, saying that he was not advising investors to store funds on exchanges. In the first half of 2018 last year, there was over $731 million lost in thefts involving exchange hacks. However, none have reached the severity experienced by the 2014 Mt. Gox hack.
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Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds.  Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance – the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains – if a regular Twitter user has been able to detect the transaction in question, how, and more importantly – why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on Bitcoinist.com.
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