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Why did I build AmputatorBot?

Why did I build AmputatorBot?
AmputatorBot.com | Remove AMP from URLs in just one click! - More info
Open-sourced on GitHub - More info
Summon AmputatorBot by mentioning it like this: u/AmputatorBot

Why AMP is a threat to the Open Web

What is AMP?
AMP is an open-source web component framework developed by the AMP Open Source Project, first announced by Google in 2015 as a reaction to Facebook’s Instant Articles and Apple News. While it was originally aimed at accelerating mobile pages (hence AMP), it’s now a much broader project aimed at improving the UX of websites, stories, ads and mail. The AMP framework consists of three components: AMP HTML, which is standard HTML markup with web components; AMP JavaScript, which manages resource loading; and AMP caches, which serves and validates AMP pages.
In plain English: AMP is Google’s attempt at making pages (and more) faster. They did a good job, pages built with the AMP framework will normally load faster. However, as this article explains, you won’t notice much of a difference unless the AMP library is served using the AMP cache, but more on that later.
The controversies with cached AMP pages
The AMP format is itself not much of a problem. In fact, we should applaud search engines that give ranking preference to fast-loading pages like AMP, but four aspects of its implementation are flawed:
  1. Google mobile Search’s Top Stories carousel has a premium position above of all other results, which is only accessible for AMP pages. These pages have to use a technology that was build and maintained mostly by Google (of the top 10 contributors to the AMP project on GitHub, 9 are Google employees), are then served by Google from their infrastructure and placed within a Google controlled user experience. And since this carousel generates a lot of clicks and revenue, publishers are left no choice but to embrace AMP. This has the effect of further reinforcing Google’s dominance of the Web. Fortunately, Google has announced that it's working on opening up the Top Stories carousel to non-AMP pages in 2021.
  2. The biggest performance boost doesn’t come from the AMP framework, but from preloading the page. It begs the question: Should preloading really be exclusive to AMP? They could introduce a way for publishers to allow or disallow preloading and if Google sees fit, they could preload those pages too, alongside AMP.
  3. When a user navigates from Google to a piece of content Google has recommended (or when a user clicks on a shared cached AMP link), they are, unwittingly, remaining within Google’s ecosystem and the publisher’s domain is obscured by the google.com/amp prefix. To work around this Google introduced Signed HTTP Exchanges ([Draft], [1], [2]), a web-standard that allows the browser to display the original site's URL, instead of the actual one (the one with the google.com/prefix). This would solve the original issue, but while doing so it introduced new ones (e.g. it obfuscates the fact that they're delivering the AMP page you're visiting). Interestingly enough, Google's Chrome already has support for this technology, but parties not involved with AMP are not so enthusiastic: Mozilla has deemed it a harmful web standard [2], and Apple has taken a similar stance.
  4. Google’s entire business model is about collecting as much personal data as possible, AMP is just another tool to do so. As described in Google’s Support article:
“When you use the Google AMP Viewer, Google and the publisher that made the AMP page may each collect data about you.”
The controversies with non-cached AMP pages
To be clear, the above flaws are only with AMP pages cached by Google (or another party like Bing or Cloudflare) but there are also plenty of pages simply utilizing the AMP framework, recognized by URLs such as bbc.com/news/amp/. However, these are also problematic, mainly because there's only a small performance improvement when AMP pages aren't cached and AMP pages tend to be less feature-rich and less diverse than their originals. And in some edge cases, it breaks stuff.
One could argue that the more popular the AMP framework becomes, the more AMP threatens the open web. That said, it should be clear that the biggest problem lies with the cached AMP pages.
AMP is open source, but that doesn't make it holy. Or as Ferdy Christant puts it quite nicely in his blog:
Google’s main defense is that AMP is open source. Which isn’t just a weak defense, it’s no defense at all. I can open source a plan for genocide. The term “open source” is meaningless if the thing that is open source is harmful.
Just so we’re clear, I’m not claiming Google or the AMP project is evil (hell, they might even have good intentions!), but the fact is that AMP and it's implementation have some major flaws that threaten the Open Web. And as long as that's the case, AmputatorBot will be there to remove AMP from your URLs.
AmputatorBot scans for AMP pages on Reddit and replies with the canonical version
Learn more
Up next for the nerds among us:
  • AmputatorBot.com
  • Automatic working subreddits
  • Non-working subreddits
  • Changelog
  • Opt-out & opt-back-in
  • Browser extension
  • Support the project by donating, giving feedback, summoning the bot or spreading the word

AmputatorBot.com

Remove AMP in just one click with www.AmputatorBot.com! This is a free online tool (no ads) to remove AMP from your URLs. All you have to do is to copy paste an AMP URL, click the conversion-button and that's all! For more (background) info, check out this post. Here's a quick (no but literally) demo:
A demo of the AMP-removal process over at AmputatorBot.com
Alternatively, you can do it even quicker by doing this:
https://amputatorbot.com/?https://www.google.com/amp/s/electrek.co/2018/06/19/tesla-model-3-assembly-line-inside-tent-elon-musk/amp/
It's build up like this:
https://amputatorbot.com + /? + https://www.google.com/amp/s/electrek.co/2018/06/19/tesla-model-3-assembly-line-inside-tent-elon-musk/amp/

Automatic working subreddits

u/amputatorbot currently works automatically in a select number of subreddits: Afghanistan, Africa, against5G, againstRFID, amputatorbot, anime_titties, Argentina, Assyria, Azerbaijan, Bangladesh, Bosnia, Brasil, Bulgaria, Business, CenturyClubStairs, Chile, Chodi, chrome, Colombia, conspiracy, CorpFree, cyberpunk, Cuba, DeAmazon, DebunkThis, DeFacebook, deGoogle, deMicrosoft, economy, Ecuador, entertainment, Environment, europe, Europe, europrivacy, FakeNews, Features, Fijian, firefox, France, freesoftware, gamernews, Germany, Greece, Guyana, hacking, helpmefind, hockey, HumanRights, Hungary, ID_news, indiaspeaks, initFreedom, Iranian, Iraq, Israel, Italy, Kazakhstan, Kerala, Kurdistan, LeopardsAteMyFace, LevantineWar, MachineLearning, Malaysia, Mexico, MiddleEastNews, MideastPeace, Moldova, Nepal, NewsOfTheWeird, Nicaragua, NorthKoreaNews, Oceania, OnGuardForThee, Pakistan, Palestine, pcgaming, PeerTube, Philippines, Piracy, Poland, praisetheeditor, privacy, PuertoRico, robotics, Russia, Scotland, security, selfhosted, seo, Serbia, singapore, socialism, spacex, Spain, suckless, Switzerland, Syria, tech, technology, TechnologyDetox, test, TrueCrime, TrueCrimeDiscussion, TrueReddit, Turkey, Turkey, Ukraina, Ukraine, UkrainianConflict, UnresolvedMysteries, upliftingnews, Uruguay, USA, Venezuela, web_design, Westpapua, whatisthisthing, worldnews, Yemen and YemeniCrisis.
Feel free to hit me up with suggestions for subreddits to add!
You can summon the bot almost everywhere else by typing: u/AmputatorBot, more info here.

Non-working subreddits

AmputatorBot doesn't work in these subreddits android, androiddev, armenia, AskHistorians, askscience, AskScienceDiscussion, audio, australia, awfuleverything, bayarea, beer, belgium, bitcoin, books, canada, CanadaPolitics, cars, CCW, childfree, China, collapse, conservative, Cringetopia, croatia, CryptoCurrency, DataHoarder, disneyvacation, economics, ELI5, facepalm, flying, Futurology, gadgets, Games, gaming, gatesopencomeonin, geopolitics, Georgia, GlobalTalk, google, history, India, insaneparents, insanepeoplefacebook, instantkarma, iphone, iran, ireland, kitchener, korea, meme, moviedetails, movies, news, newzealand, nextfuckinglevel, nottheonion, oklahoma, pcmasterrace, Pete_Buttigieg, Philosophy, pihole, PoliticalDiscussion, politics, popheads, programming, raisedbynarcissists, rareinsults, Romania, science, SeattleWA, Sikh, SouthAfrica, space, survivor, television, Thailand, thenetherlands, TikTokCringe, TIL_Uncensored, todayilearned, trashy, tumblr, TwoXChromosomes, ukpolitics, unitedkingdom, unpopularopinion, USANews, warplaneporn, WatchPeopleDieInside, wellthatsucks, whatcouldgowrong, worldevents, worldpolitics, YouShouldKnow and almost all subreddits moderated by u/BotDefense or u/BotTerminator for diverse reasons. When you summon the bot there, you'll receive a DM with the canonical URL instead.p
If you're moderating a subreddit that is incorrectly listed here or if you would like AmputatorBot to work in your subreddit that's using u/BotDefense or u/BotTerminator please contact me.

Changelog

Check out the changelog here. Latest update: 22/08/2020

Opt out & opt back in

The bot works automatically in the subreddits mentioned above and manually using mentions.
Opt out: If you want to prevent the bot from replying to your comments and submissions, click here to opt out.
Opt back in: Did you opt-out and regret it? NP! Click here to opt back in.
Note: If you want to opt out from AmputatorBot on Twitter, please contact me or block it.

Browser-extension

Check out this browser-extension by Daniel Aleksandersen: 'Redirect AMP to HTML', it makes it that every time you click an AMP page, you will be redirected to the canonical page instead. In other words, it does the the same as u/AmputatorBot and AmputatorBot.com, but fully automatic. I can't recommend this one enough!

Support the project

.. By summoning the bot: If you've spotted an AMP URL on Reddit and u/AmputatorBot seems absent, you can summon the bot by mentioning u/AmputatorBot in a reply to the comment or submission containing the AMP URL. You'll receive a confirmation through PM. For more details, check out this post!
.. By giving feedback: Most of the new features were made after suggestions from you guys, so hit me up if you have any feedback! You can contact me on Reddit, fill an issue or make a pull request.
.. By sponsoring: The bot and website cost approximately €8.26 a month to host and while that might not seem like much, it adds up. All donations will be used ONLY to pay for hosting. You can specify any amount you want, but please keep in mind that I only want to try to cover some of the costs. Thank you so much! - https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EU6ZFKTVT9VH2
.. By spreading the word: In the end, the only goal of AmputatorBot is to allow people to have an informed choice. You can help by spreading the word in whatever way you deem the most appropriate.

From the bottom of my heart, thank you so much for the tremendous support you've given me and AmputatorBot <3

https://preview.redd.it/fzhy8jedu6e51.png?width=3890&format=png&auto=webp&s=581561e0e267bb53ee3961a5e894633f8d6ff73f
submitted by Killed_Mufasa to AmputatorBot [link] [comments]

BAT Community Merch Giveaway] Submit a question for Corey Caplan (CEO) and Adam Knuckey (COO), Co-founders of Dolomite — July 22, 2019

Submit a question for Corey Caplan & Adam Knuckey!

As you may have heard, we have an upcoming Guest AMA with Corey Caplan (CEO) and Adam Knuckey (COO), Co-founders of Dolomite, coming up this Wednesday, July 24th.
Click here for details: https://www.reddit.com/BATProject/comments/cf8cp6/upcoming_guest_ama_with_corey_caplan_ceo_and_adam/
To put your name in the ring for a chance to win today's giveaway, drop a question Corey & Adam in the comments down below! Top questions will be used in Wednesday's AMA (with credit to the OP, of course)!
The giveaway is open as of right now, 12:00pm EDT, and will close TOMORROW at 12:00pm EDT.
________________________________
About Dolomite:
Dolomite aims to make it easy to trade crypto right from your personal wallet. Dolomite is a non-custodial exchange, meaning you never need to deposit your crypto onto the exchange or even into a smart contract, and your assets only leave your wallet once the trade is completed. This keeps your crypto safe from exchange hacks while also eliminating deposit times and withdrawal limits. Dolomite also comes with a built-in portfolio tracker. By entering just your public wallet address, a detailed portfolio overview is generated for you with the value of your holdings over time as well as trades and transactions you've conducted from that wallet complete with cost basis. Other features of Dolomite include:
We are currently in open beta, but once we launch we will have a dedicated market maker to ensure tight spreads and fleshed out order books.
Watch the Dolomite promo video, here: https://www.youtube.com/watch?v=o0q12XvsT9U__
________________________________
Corey Caplan - Co-Founder and CEO, Dolomite
Corey joined the crypto space around 2015 first as a user, then a trader. By the end of 2017, he was trading daily, and his concern over exchange hacks and fraud led him to explore decentralized exchanges. In early 2018 he and Adam built an Android decentralized exchange for the Loopring Foundation, which led to the creation of Dolomite. Before Dolomite, Corey ran his own software consulting company that was later acquired. He and Adam have been working on projects together since freshman year at Lehigh University, and have started one other company before Dolomite together.
Interests include: crypto twitter, reading, and running.

Adam Knuckey - Co-Founder and COO, DolomiteAdam entered the crypto space around the end of 2013, at first developing open-source altcoin miners and later as a periodic Bitcoin investor. By the end of 2017, he too was trading daily and shared many of the same concerns as Corey. He worked with Corey on the Loopring Foundation's Android decentralized exchange in early 2018 and joined Corey in creating Dolomite. Before Dolomite Adam had spent time working at UBS in their wealth management Americas division and EY in their computer security division, as well as several years of web development for Lehigh's College of Arts and Sciences.
Interests include: Small software development projects, game programming, movie marathons, movie trivia, skiing, and rewatching his favorite shows and movies.
________________________________
See pics from our previous winners here: https://imgur.com/a/PBCx3J4
Be sure to follow us on our various social media for your chance to participate in upcoming giveaways that will be happening every Monday, Tuesday and Wednesday and Friday!
Please note: Comments from throwaway accounts will not be considered eligible entries.
Winners will be contacted directly by the team on the day of the contest to be notified that they have won, and to provide shipping info for the goods. Daily winners will be announced to the community every Friday in the BAT Community Weekly update on Reddit.
When you receive your prize, don’t forget to take a picture of the merch next to your device with Brave open, and share it with @BAT_Community on Twitter for the community and world to see!
submitted by CryptoJennie to BATProject [link] [comments]

Nano #Ama on Binance Spanish telegram group!!

Regards!! I'm Jesús Zambrano, member of the Hispanic community of NANO for a long time. Last thursday, we had an interesting and enjoying Ask-me-anything at Binance Spanish community on telegram with the people behind NANO, Colin LeMahieu (Founder and Executive Director) and Zach Hyatt (Proyect Manager), where we take advantage of their kindness and willingness to ask them some questions and share opinions about de currency. I will share a compilation of some of the questions and answers.
-(Admin) ¡Welcome Binancians to our following AMA!
I will explain how AMA works; we will have three (3) segments.
Segment #1: I am going to ask to our guests five (5) questions and then they will answer them.
I will be explaining the rest of the segments as we conclude one of them.
-(Admin) Today we have the great pleasure of having Colin (Founder and Executive Director) and Zach (Project Manager) with us in our chat room. Could you give us a little introduction about you?
- (Zach) Hi everyone, I am Zach Hyatt, the Project Manager at the Nano Foundation and am excited to help answer questions about Nano. I live in Austin, TX where it is quite hot right now!
-(Colin) I’m Colin LeMahieu, founder of Nano. I’m a computer engineer and I’ve worked at companies like Qualcomm, Dell, and AMD. I have been working on Nano for about 5 years now and I’m really excited to talk with people who are interested as well!
-(Admin) It is a pleasure for us to have you here, I have to say that on a personal level, I have been a follower of the project for a long time now, so it is incredible for me to be able to count on you tonight, we will start with segment # 1, with the questions I have for you.
Feeless transactions and in record time! What is NANO? Can you give us an introduction to the project?
-(Colin) Nano’s goal is to solve problems with other cryptocurrencies and make sending value fast and fee-less. It has a unique design to allow us to accomplish this. We want people to have the option of using decentralized digital money instead of fiat money anywhere in the world. Nano is accessible and easy-to-use today and we plan on keeping it focused on these goals.
-(Admin) Thank you for answering my first question, I am delighted with the features offered by the project, every week they are updating and making important changes that help to improve the ecosystem that surrounds the team.
Here you can find all the weekly updates: https://nano.org/en
Previously the project was called RaiBlocks, it appeared for the first time in an ad in Bitcoin Talk in 2015. Can you tell us why a name change came up later?
-(Zach) Yeah, absolutely. Although the original RaiBlocks name has a special place in our history, it was difficult to pronounce in some areas of the world and caused confusion with certain users. We decided to move to a shorter name that not only was easy to pronounce but also reflected the fast, efficient nature of the protocol.
-(Admin) A short and quick name to pronounce, definitely NANO is perfect to define it!
My third question is the following; I had seen a very interesting gif early in the chat and it is just about the question that I came to ask.
Currently, NANO has 100% of its tokens in circulation and these tokens were distributed through Faucets, so it meant that any user with a computer could get coins simply by completing some captchas, can you tell me which has been the experience of users when using this method?
-(Colin) The faucet was a great way for us to distribute coins to people who have never used it before. Cryptocurrencies that use mining end up distributing only to people who have money to buy the mining hardware and this is unfair. We had a lot of people from Indonesia and Asia in the beginning of our distribution and at the end there were a lot of people from South America, Venezuela and Brasil that were getting most of the Nano from the faucet. We think this was a fairer way to do it and it got Nano into the hands of people in different locations, and it had a very positive impact on their lives.
-(Admin) This is incredible! thanks for your answer!
Can you tell us about what the Open Representative Vote is about and how it protects the network?
-(Zach) Nano uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives. Open Representative Voting allows people who have a Nano balance to pick whatever representative they want to vote on their behalf. This allows the people who hold Nano to decide who generates consensus instead of mining companies. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy.
-(Admin) Very good! The last question on my part:
Nano PoW is your new approach, I have read a pretty interesting example with emails, can you explain what it is about?
-(Colin) Nano PoW is a research project we’re doing in order to create a proof of work algorithm that uses less energy than other popular algorithms. Since Nano is fee-less, there must be a method to limit transactions going onto the network, which this PoW achieves. With the goal of using more memory in the process instead of CPU cycles in order to generate proofs, this new Nano PoW will help prevent ASICs from being able to cheaply send lots of transactions. It’s important for a cryptocurrency that’s used around the world to be energy efficient and green so continuing our research on this is important to us.
-(Admin) https://medium.com/nanocurrency/nano-pow-the-details-ba22a9092d6f
Thanks for your answers, Colin and Zach! I have a video, taken from your YouTube account that I would like to share with the community
https://www.youtube.com/watch?v=eh9pA8UCUrI
Can you tell me what we see in this video?
-(Colin) This is a video of how fast our transactions send and receive. You can see it takes less than 1 second to finish which means you can use it as a currency.
- (Zach) The wallet was made by developers in our amazing community, it is called Natrium. It really shows how fast Nano is and how it is easy-to-use!
-(Colin) You can also see how simple it is to use. You just scan, enter an amount, and send. There are no complicated setting which is great for new users and great for adoption.
- (Zach) And the best part is, there were no fees at all for that transaction. In fact there have never been any transaction fees on the Nano network ever!
-(Admin) Great! That's why I wanted to share it with everyone, yesterday I could try the wallet and it is really spectacular to use, thank you very much for that excellent explanation, please stay with us, now comes the part in which our users participate
Segment 3, community questions
Q -First congratulations on your project, it is amazing. Now, does nano BlockChain have another use besides making transactions?
A - (Zach) Thank you! Nano has always been focused on transfer of value and will continue to maintain that focus. The overall design is aimed at doing only this so it can remain fast, efficient and fee-less.
Q -Good evening! I understand that thanks to its architecture called "Block-lattice", each individual provides the computing power necessary to verify their own transaction, thanks to this they do not use miners to confirm transactions and they do not apply commissions of any kind. My question is: How did this occur and how difficult was it?
A - (Colin) It’s simila, transactions are validated by votes from the representatives, not by the PoW. The PoW is a way to slow down how fast people can create transactions so they can’t spam the network.
Q - Do you have any short or long term projects so that transactions using $NANO were anonymous?
A - (Colin) Long term we want to see what privacy options exist and are fast. Most privacy schemes make the transactions very big or slow to process and it’s important for things to remain quick and efficient so we can have fast transactions.
Q - We are living in Venezuela many changes in the cryptocurrency sector, the integration of crypto for service payment and product purchases is already a reality. What agreements has NANO made with service stores to integrate it as a means of payment? I want to pay my movie ticket with NANOS
A - (Zach) Thanks for your interest in Nano. We are always looking for ways to allow everyone to use Nano in as many places as possible. Although separate from our organization, we are aware of the efforts of the Nano Venezuela organization and try to support them when possible in bringing Nano to as many people and stores in Venezuela as possible.
Q - (7 questions made from one persone at once)
  1. How do you manage to make your transactions virtually instantaneous?
  2. How do they create part of the company's livelihood if no fees are charged for transactions?
  3. Why does $ NANO consume so little electricity?
  4. Requirements for a medium-sized company to adopt nano correctly as a means of payment?
  5. Since 100% of the $ NANOS are distributed, I have seen something in Medium that talked about `` Nano PoW '', could you tell me a little more about how it works? What profit will the person / institution get that puts hardware for their PoW? Will more $ NANO be created apart from those already in circulation?
  6. What do the representatives earn for putting their vote and validating blocks if 100% of the $ NANOS are already created / issued?
7- Since your policy / slogan / commandment is to be a cryptocurrency without fees, shouldn't you force exchanges in which $ NANO is present that they don't charge withdrawal fees?
A - (Colin)
  1. Transactions are fast because they’re validated by voting. The votes get transmitted around the world in milliseconds and all people have to do is count votes to confirm the transaction.
  2. We use the Dev fund to pay for developing the Nano protocol. The Nano protocol is a free tool that other people can build businesses on. We have ideas for businesses that can use fast, free money in order to help people send money to their family in other countries or pay microtransactions. It’s similar to Linux, it’s free but big companies use it because it saves them money.
  3. Nano uses little electricity because we use voting for validating transactions. Voting is just sending data over the internet which is power efficient.
  4. You can run a nano node with 40-60$/mo using cloud virtual machines
  5. Nano pow is just a more efficient way to slow people down from sending transactions to the network
  6. The most important thing is: why does a company want to use cryptocurrency? They want to use it because it saves them money on bank fees, etc. Since 40-60$/mo running a node is less expensive than their bank fees, they want to participate in the network to keep it going and save them money.
Q - Knowing all this about Nano, could you say that Nano is one of the most energy-efficient, Ecological friendly currencies in existence?
A -(Zach) Absolutely. We care about making a positive change in the world and so pride ourselves on leaving as little energy trace possible in the world. It may just be the fastest, most efficient transfer of value available.
Q - If the nano protocol had not passed the Red4Sec signature security test, would it have any vulnerability today?
A - (Colin) The Red4Sec audit didn’t find any critiral vulnerabilities in Nano. In fact they did the audit twice because they couldn’t find anything wrong and that never happened before.
It’s important for us to keep the code high quality and we will do audits again in the future because it’s important to make sure everything is secure.
Q - I'd like to see more development of Nano by using SMS on our phones to avoid the problem of no Internet connection at the moment
A -(Zach) As much as we like the idea of SMS, unfortunately it is not a secure network so managing Nano transactions over it brings some unique requirements. However we are always innovating and trying to make Nano as easy and accessible as possible so hope advances can help over time make it more accessible in this area.
Q - What plans do you have to close this 2019 to increase adoption in Latin America?
A -(Colin) We are very excited about the passion we see in the south american community. We would love to make it down to VE however in the mean time follow nanoVE for updates and meetups - there may be one near you soon!
Q - How will you make the adoption and use of $ NANO continue to increase especially in markets where other cryptocurrencies are gaining more ground?
A - (Colin) Our focus is to build tools people need to accept cryptocurrency. Right now it’s still difficulty and expensive. One thing we’re making is the device Appia which can accept cryptocurrency similar to a credit card. We made this device very inexpensive and can connect over wireless so it can be used in markets or resturaunts or other places cryptocurrency is not yet available.
- (Admin) Thank you very much for your answers! You are the first guests that answer all the questions of our users, you are amazing guys!
@AndyNano It was amazing to meet you, I learned a lot from you
@FundacionNanoVE Thanks for making this happen! excellent work
@nano_isam Thanks for everything buddy!
-(Zach) Can we ask a question to the channel?
What are the top things Nano can do to help you in your daily lives?
-(Colin) My question: How do you store cryptocurrency safely? Where do you back up your seed so it isn’t lost or stolen?
A - In Venezuela we currently have a problem with conventional payment processors, they are very slow, it would be great to be able to see people using NANO to make their purchases at any store in Venezuela, 0 commissions and instant transactions, is what we need
A - Fast transactions are what can help society the most, and except that, the best thing is that it is very cheap ... from there it is addition, those are the main characteristics that we look for the most
A - encrypted file in a pendrive
A - Nano is a direct competition to the vast majority of Cryptos, in transaction speed and that it is literally free to send or receive, nothing to wait for 5 hours or the next day when you pay for items or services with Crypto, let's increase the adoption of nano!
-(Colin) Question: Are there barriers to using Nano in your country right now?
A - No barriers in Venezuela
A - No barrier what is lacking is greater diffusion in means to give greater projection and that the adoption arrives. Here I am to support NANO!
A - There should be no barriers to the payments we wish to make, freedom above all
-(Colin) Fantastic!
- (Zach) Thanks everyone, I have to go but I appreciate all the awesome questions and answers!
submitted by AlejandroZD58 to nanocurrency [link] [comments]

Fees by u/coltonrobtoy

[This reads best on Reddit via Safari/Chrome/Brave or on Desktop. Looks bad in the Reddit app.]
Hey guys, I'm the one that has been advocating for $0.001 or $0.0001 fixed-tx fees, and destroying your hopes of 1st-year staking rewards in the process. What I see with OMG is the first opportunity ever for the common person to demolish Visa/Mastercard/Paypal/Alipay/WechatPay and take slices of their pie. I'm content with minimal staking rewards for years 1-5, because I see what comes in years 6-25 when Visa/Mastercard/Paypal/Alipay/WechatPay are either forced to move to the OMG Network or go bankrupt.
In the Feb 09, 2018 daily I took a few more things into account from u/instyle9 and u/fiyamaguchi and u/Omiseguy and I'm adding three more points [(D), (E) and (F)] to my thesis around staking fees:
Points Description
A) u/instyle pointed out that my $0.001 or $0.0001 fixed-tx fee model makes no sense for Omise because they are currently earning around $3 million USD in revenue per day with their existing payment processing infrastructure. Moving all that to the OMG Network (for a $0.001 or $0.0001 fixed-fee per tx) would cause them to miss out on a lot of $.
B) u/fiyamaguchi said a sliding scale may work better for stakers to capture more tx fees (but not too much!) for increasing value of txs: "$0.001 up to $10, $0.01 up to $100 etc."
C) u/Omiseguy said that if the tx fees were too low, they would not "generate enough interest among the validator community to incentivize the security and decentralization of the network."
D) Omise has been supporting ETH since 2015, they know in crypto that you pay a fixed-fee for usage of a network, not % amnt of a tx (that is old legacy payment system ideals).
E) Omise wants the Network to be used by the Unbanked, where a $0.10 tx is a meaningful tx for them on a daily basis.
F) The last point I wanted to add is around 'Network Effects'. At a high level this is: "A friend loves a product so much that he tells tells a friend, who loves it so much that he tells another friend, who loves it so much that he tells another friend, etc. etc". This is the goal for everybody who is creating a product on Planet Earth. It provides 'Social Proof' to the product (think: you are more willing to go to a movie if your friend tells you it was good than if you read that it was good on a movie critic's blog post). It also provides higher user retention, and lower advertising costs. Facebook was the first product to generate massive network effects in the post-2000 internet. Everyone told their friends to get on Facebook because it was 'that good' over MySpace and Friendster. You can see how it's still a behemoth today.
So how does a product achieve this 'Network Effects' Phenomena?
Person Description
Elon Musk: "If you're entering anything where there's an existing marketplace- against large entrenched competitors- then your product or service needs to be MUCH better than theirs. It can't be a little bit better."
Peter Thiel: "A Great technology company should have proprietary technology an order of magnitude better than its nearest substitute."
In engineering terms, an 'order of magnitude' means 10x. So you need either a 10x improvement in speed, cost, usability, customer service, or some combination of them in order to achieve these 'Network Effects'.
But why? Why can't it be a little bit better and still achieve network effects? That's because there are 'switching costs' for all potential customers/users of your product/service. They will need to retrain themselves and all their employees to use your product/service. Or they will need to retrain themselves and all their customers to use their product/service. That is very difficult because most people don't have time in the day to learn how to use a new thing- the thing they're already using works fine for them and they already know how to use it! A 2x improvement or a 5x improvement is not enough of an improvement for adoption: Nobody has the time to care, so there are no network effects possible. It is only when you get to an 'Order of Magnitude' (or a 10x) improvement that it begins to be worth people's time to care how to use your product/service. Only then, can Network Effects take hold.
So what does an 'Order of Magnitude' (or a 10x) improvement look like for a merchant? Well, legacy payment systems charge 3% for a Credit Card Processing Fee, so an 'Order of Magnitude' (or 10x) improvement on that looks like 0.3% fees. Going from 3% fees to 0.3% means a 90% reduction in cost. So we are going to shoot for at least a 90% reduction in cost for all scenarios.
 
So, balancing A), B), C), D), E), F) above, along with analyzing different tx scenarios of traditional payment processors, I have come up with this model:
Payment Processor Fee
Visa: 2.5% + $0.10
Mastercard: 3% + $0.10
Paypal: 2.9% + $0.30
AliPay: 3%
WechatPay: 3%
Scenario 1: 0-$0.10 tx Fee
Visa: Can't Do
Mastercard: Can't Do
Paypal: Can't Do
AliPay: $0.003 fee
WechatPay: $0.003 fee
OMG: $0.0001 fee
Minimum OMG Savings: 96.67%
Scenario 2: $0.10-$1 tx Fee
Visa: $0.125 fee
Mastercard: $0.13 fee
Paypal: $0.329 fee
AliPay: $0.03 fee
WechatPay: $0.03 fee
OMG: $0.001 fee
Minimum OMG Savings: 96.67%
Scenario 3: $1-$10 tx Fee
Visa: $0.35 fee
Mastercard: $0.40 fee
Paypal: $0.59 fee
AliPay: $0.30 fee
WechatPay: $0.30 fee
OMG: $0.01 fee
Minimum OMG Savings: 96.67%
Scenario 4: $10-$100 tx Fee
Visa: $2.60 fee
Mastercard: $3.10 fee
Paypal: $3.20 fee
AliPay: $3.00 fee
WechatPay: $3.00 fee
OMG: $0.10 fee
Minimum OMG Savings: 96.15%
Scenario 5: $100-$1000 tx Fee
Visa: $25.10 fee
Mastercard: $30.10 fee
Paypal: $29.10 fee
AliPay: $30.00 fee
WechatPay: $30.00 fee
OMG: $1.00 fee
Minimum OMG Savings: 96.02%
As we can see:
Points Solution
A) We have moved off the $0.001 or $0.0001 fixed-tx fee model to give Omise more revenue when they move all their existing payment processing onto the OMG Network & be rewarded for their hard work
B) We have implemented a sliding scale for stakers to capture more tx fees (but not too much!) for increasing value of txs
C) Stakers are earning more compared to my $0.001 or $0.0001 fixed-tx fee model and will be incentivized to stake and ensure the security/decentralization of the network
D) We have stuck with a fee model that is not a % of 'amount of value sent'. This has been the default way to construct a cryptocurrency network since the advent of Bitcoin.
E) An Unbanked person making a meaningful daily $0.10 tx is welcome on our network with an effective fee of 0.1%
F) We are achieving the 'Network Effect' mandate by having a payment processing network that is an 'Order of magnitude' (ie 10x) better than legacy payment systems
Here are where the Network Effects will sprout from in the OMG Network:
Participant How they will induce Network Effects
Merchants: "Hey [other merchant] you can save 90% on Credit Card fees by using this new OMG Network. People can also pay you with any currency in the world and you will receive USD, instantly. It's magic!"
eWallet Developers: "Hey this White Label Wallet SDK will make it really easy to build our own eWallet with your own branding on the front. It also plugs into a blockchain network that lowers processing fees for merchants by 90% and allows eWallet Users to pay with any currency/cryptocurrency they want. Thank god someone else made this because we sure don't want to spend the time or money to!"
eWallet Users: "You can visit can visit China, pay them via QR code with whatever currency/cryptocurrency you have in your wallet with no hassle and no exorbitant conversion fees. You will never have to exchange cash again! If you need to top up your tokenized fiat balance, just head to that 7/11 on the corner."
OMG Stakers: "Hey I make $x in passive income per year by validating txs on the OMG Network. This is like owning a toll booth on the World Financial Highway"
A 4-Pronged Network Effect has never been seen in this world before. The most has been 3-pronged Network Effects with Facebook (Users, Brands, Advertisers) and Amazon (Sellers, Buyers, Shipping Companies).
See you on Mars.
submitted by coltonrobtoy to omise_go [link] [comments]

NANO #AMA ON BINANCE SPANISH TELEGRAM GROUP!!

Regards!! I'm Jesús Zambrano, member of the Hispanic community of NANO for a long time. Last thursday, we had an interesting and enjoying Ask-me-anything at Binance Spanish community on telegram with the people behind NANO, Colin LeMahieu (Founder and Executive Director) and Zach Hyatt (Proyect Manager), where we take advantage of their kindness and willingness to ask them some questions and share opinions about de currency. I will share a compilation of some of the questions and answers.
-(Admin) ¡Welcome Binancians to our following AMA!
I will explain how AMA works; we will have three (3) segments.
Segment #1: I am going to ask to our guests five (5) questions and then they will answer them.
I will be explaining the rest of the segments as we conclude one of them.
-(Admin) Today we have the great pleasure of having Colin (Founder and Executive Director) and Zach (Project Manager) with us in our chat room. Could you give us a little introduction about you?
- (Zach) Hi everyone, I am Zach Hyatt, the Project Manager at the Nano Foundation and am excited to help answer questions about Nano. I live in Austin, TX where it is quite hot right now!
-(Colin) I’m Colin LeMahieu, founder of Nano. I’m a computer engineer and I’ve worked at companies like Qualcomm, Dell, and AMD. I have been working on Nano for about 5 years now and I’m really excited to talk with people who are interested as well!
-(Admin) It is a pleasure for us to have you here, I have to say that on a personal level, I have been a follower of the project for a long time now, so it is incredible for me to be able to count on you tonight, we will start with segment # 1, with the questions I have for you.
Feeless transactions and in record time! What is NANO? Can you give us an introduction to the project?
-(Colin) Nano’s goal is to solve problems with other cryptocurrencies and make sending value fast and fee-less. It has a unique design to allow us to accomplish this. We want people to have the option of using decentralized digital money instead of fiat money anywhere in the world. Nano is accessible and easy-to-use today and we plan on keeping it focused on these goals.
-(Admin) Thank you for answering my first question, I am delighted with the features offered by the project, every week they are updating and making important changes that help to improve the ecosystem that surrounds the team.
Here you can find all the weekly updates: https://nano.org/en
Previously the project was called RaiBlocks, it appeared for the first time in an ad in Bitcoin Talk in 2015. Can you tell us why a name change came up later?
-(Zach) Yeah, absolutely. Although the original RaiBlocks name has a special place in our history, it was difficult to pronounce in some areas of the world and caused confusion with certain users. We decided to move to a shorter name that not only was easy to pronounce but also reflected the fast, efficient nature of the protocol.
-(Admin) A short and quick name to pronounce, definitely NANO is perfect to define it!
My third question is the following; I had seen a very interesting gif early in the chat and it is just about the question that I came to ask.
Currently, NANO has 100% of its tokens in circulation and these tokens were distributed through Faucets, so it meant that any user with a computer could get coins simply by completing some captchas, can you tell me which has been the experience of users when using this method?
-(Colin) The faucet was a great way for us to distribute coins to people who have never used it before. Cryptocurrencies that use mining end up distributing only to people who have money to buy the mining hardware and this is unfair. We had a lot of people from Indonesia and Asia in the beginning of our distribution and at the end there were a lot of people from South America, Venezuela and Brasil that were getting most of the Nano from the faucet. We think this was a fairer way to do it and it got Nano into the hands of people in different locations, and it had a very positive impact on their lives.
-(Admin) This is incredible! thanks for your answer!
Can you tell us about what the Open Representative Vote is about and how it protects the network?
-(Zach) Nano uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives. Open Representative Voting allows people who have a Nano balance to pick whatever representative they want to vote on their behalf. This allows the people who hold Nano to decide who generates consensus instead of mining companies. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy.
-(Admin) Very good! The last question on my part:
Nano PoW is your new approach, I have read a pretty interesting example with emails, can you explain what it is about?
-(Colin) Nano PoW is a research project we’re doing in order to create a proof of work algorithm that uses less energy than other popular algorithms. Since Nano is fee-less, there must be a method to limit transactions going onto the network, which this PoW achieves. With the goal of using more memory in the process instead of CPU cycles in order to generate proofs, this new Nano PoW will help prevent ASICs from being able to cheaply send lots of transactions. It’s important for a cryptocurrency that’s used around the world to be energy efficient and green so continuing our research on this is important to us.
-(Admin) https://medium.com/nanocurrency/nano-pow-the-details-ba22a9092d6f
Thanks for your answers, Colin and Zach! I have a video, taken from your YouTube account that I would like to share with the community
https://www.youtube.com/watch?v=eh9pA8UCUrI
Can you tell me what we see in this video?
-(Colin) This is a video of how fast our transactions send and receive. You can see it takes less than 1 second to finish which means you can use it as a currency.
- (Zach) The wallet was made by developers in our amazing community, it is called Natrium. It really shows how fast Nano is and how it is easy-to-use!
-(Colin) You can also see how simple it is to use. You just scan, enter an amount, and send. There are no complicated setting which is great for new users and great for adoption.
- (Zach) And the best part is, there were no fees at all for that transaction. In fact there have never been any transaction fees on the Nano network ever!
-(Admin) Great! That's why I wanted to share it with everyone, yesterday I could try the wallet and it is really spectacular to use, thank you very much for that excellent explanation, please stay with us, now comes the part in which our users participate
Segment 3, community questions
Q -First congratulations on your project, it is amazing. Now, does nano BlockChain have another use besides making transactions?
A - (Zach) Thank you! Nano has always been focused on transfer of value and will continue to maintain that focus. The overall design is aimed at doing only this so it can remain fast, efficient and fee-less.
Q -Good evening! I understand that thanks to its architecture called "Block-lattice", each individual provides the computing power necessary to verify their own transaction, thanks to this they do not use miners to confirm transactions and they do not apply commissions of any kind. My question is: How did this occur and how difficult was it?
A - (Colin) It’s simila, transactions are validated by votes from the representatives, not by the PoW. The PoW is a way to slow down how fast people can create transactions so they can’t spam the network.
Q - Do you have any short or long term projects so that transactions using $NANO were anonymous?
A - (Colin) Long term we want to see what privacy options exist and are fast. Most privacy schemes make the transactions very big or slow to process and it’s important for things to remain quick and efficient so we can have fast transactions.
Q - We are living in Venezuela many changes in the cryptocurrency sector, the integration of crypto for service payment and product purchases is already a reality. What agreements has NANO made with service stores to integrate it as a means of payment? I want to pay my movie ticket with NANOS
A - (Zach) Thanks for your interest in Nano. We are always looking for ways to allow everyone to use Nano in as many places as possible. Although separate from our organization, we are aware of the efforts of the Nano Venezuela organization and try to support them when possible in bringing Nano to as many people and stores in Venezuela as possible.
Q - (7 questions made from one persone at once)
  1. How do you manage to make your transactions virtually instantaneous?
  2. How do they create part of the company's livelihood if no fees are charged for transactions?
  3. Why does $ NANO consume so little electricity?
  4. Requirements for a medium-sized company to adopt nano correctly as a means of payment?
  5. Since 100% of the $ NANOS are distributed, I have seen something in Medium that talked about `` Nano PoW '', could you tell me a little more about how it works? What profit will the person / institution get that puts hardware for their PoW? Will more $ NANO be created apart from those already in circulation?
  6. What do the representatives earn for putting their vote and validating blocks if 100% of the $ NANOS are already created / issued?
7- Since your policy / slogan / commandment is to be a cryptocurrency without fees, shouldn't you force exchanges in which $ NANO is present that they don't charge withdrawal fees?
A - (Colin)
  1. Transactions are fast because they’re validated by voting. The votes get transmitted around the world in milliseconds and all people have to do is count votes to confirm the transaction.
  2. We use the Dev fund to pay for developing the Nano protocol. The Nano protocol is a free tool that other people can build businesses on. We have ideas for businesses that can use fast, free money in order to help people send money to their family in other countries or pay microtransactions. It’s similar to Linux, it’s free but big companies use it because it saves them money.
  3. Nano uses little electricity because we use voting for validating transactions. Voting is just sending data over the internet which is power efficient.
  4. You can run a nano node with 40-60$/mo using cloud virtual machines
  5. Nano pow is just a more efficient way to slow people down from sending transactions to the network
  6. The most important thing is: why does a company want to use cryptocurrency? They want to use it because it saves them money on bank fees, etc. Since 40-60$/mo running a node is less expensive than their bank fees, they want to participate in the network to keep it going and save them money.
Q - Knowing all this about Nano, could you say that Nano is one of the most energy-efficient, Ecological friendly currencies in existence?
A -(Zach) Absolutely. We care about making a positive change in the world and so pride ourselves on leaving as little energy trace possible in the world. It may just be the fastest, most efficient transfer of value available.
Q - If the nano protocol had not passed the Red4Sec signature security test, would it have any vulnerability today?
A - (Colin) The Red4Sec audit didn’t find any critiral vulnerabilities in Nano. In fact they did the audit twice because they couldn’t find anything wrong and that never happened before.
It’s important for us to keep the code high quality and we will do audits again in the future because it’s important to make sure everything is secure.
Q - I'd like to see more development of Nano by using SMS on our phones to avoid the problem of no Internet connection at the moment
A -(Zach) As much as we like the idea of SMS, unfortunately it is not a secure network so managing Nano transactions over it brings some unique requirements. However we are always innovating and trying to make Nano as easy and accessible as possible so hope advances can help over time make it more accessible in this area.
Q - What plans do you have to close this 2019 to increase adoption in Latin America?
A -(Colin) We are very excited about the passion we see in the south american community. We would love to make it down to VE however in the mean time follow nanoVE for updates and meetups - there may be one near you soon!
Q - How will you make the adoption and use of $ NANO continue to increase especially in markets where other cryptocurrencies are gaining more ground?
A - (Colin) Our focus is to build tools people need to accept cryptocurrency. Right now it’s still difficulty and expensive. One thing we’re making is the device Appia which can accept cryptocurrency similar to a credit card. We made this device very inexpensive and can connect over wireless so it can be used in markets or resturaunts or other places cryptocurrency is not yet available.
- (Admin) Thank you very much for your answers! You are the first guests that answer all the questions of our users, you are amazing guys!
@AndyNano It was amazing to meet you, I learned a lot from you
@FundacionNanoVE Thanks for making this happen! excellent work
@nano_isam Thanks for everything buddy!
-(Zach) Can we ask a question to the channel?
What are the top things Nano can do to help you in your daily lives?
-(Colin) My question: How do you store cryptocurrency safely? Where do you back up your seed so it isn’t lost or stolen?
A - In Venezuela we currently have a problem with conventional payment processors, they are very slow, it would be great to be able to see people using NANO to make their purchases at any store in Venezuela, 0 commissions and instant transactions, is what we need
A - Fast transactions are what can help society the most, and except that, the best thing is that it is very cheap ... from there it is addition, those are the main characteristics that we look for the most
A - encrypted file in a pendrive
A - Nano is a direct competition to the vast majority of Cryptos, in transaction speed and that it is literally free to send or receive, nothing to wait for 5 hours or the next day when you pay for items or services with Crypto, let's increase the adoption of nano!
-(Colin) Question: Are there barriers to using Nano in your country right now?
A - No barriers in Venezuela
A - No barrier what is lacking is greater diffusion in means to give greater projection and that the adoption arrives. Here I am to support NANO!
A - There should be no barriers to the payments we wish to make, freedom above all
-(Colin) Fantastic!
- (Zach) Thanks everyone, I have to go but I appreciate all the awesome questions and answers!
submitted by AlejandroZD58 to u/AlejandroZD58 [link] [comments]

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