#ZIPCOIN: THE RISE OF #NUBANKING? -S1E9 –
THIS WEEK ON ADMP: Another week and yet another ‘Wonder Lady of the Blockchain’ with tech-swag and fighting spirit aplenty, entering the #Blockchain space’ by the ‘right door → Offering a tool to free banking transactions from central banks control, and ultimately ‘Banking the Unbanked’ as some would have it.
#1. ETHICAL SATOSHISTS?
Satoshists are a new breed of 21st century ‘ethical capitalists’;
Here’s what we found on the ‘Deep web‘, regarding the 21st century BLOCKCHAIN MANIFESTO –>
Under the following proviso: The internet should globally be ‘free’ and available to all human beings, regardless of race, creed, income or location!
- Satoshists believe in enhancing the life of the community they serve.
- Satoshists believe in ‘Satoshi Nakamoto team’ cypherpunks ideals
- Satoshists believe in ‘Banking the Unbanked’
- Satoshists believe in some level of decentralization of the currency markets
- Satoshists believe in a ‘level-playing field’ in overall global exchanges
- Satoshists believe in ‘Win-Win’ partnership with anyone sharing their ideals
Electronic counter-punch by Hermann Djoumessi, MA – #HMD
The internet should globally be ‘free’ and available to all human beings, regardless of race, creed, income or location!
- #ADMP1: Hello, could you please introduce yourself and your different tech projects, please?
#CKC: I am Cathrine (Kim) Chivhima the President & CEO of ZipCoin LLC – ICO & Exchange; and ZipCoin Remit LTD– our remittance blockchain technology startup.
ZipCoin is a blockchain based decentralized remittance and payment solution which will enhance businesses and individuals in the $104B-worth remit industry
I have been involved in 2 other tech projects prior to ZIPCOIN providing leadership, strategy, guidance and community engagement for mass adoption of blockchain technology.
Besides, I also own Morgate Consulting Solutions Inc. (“MCS”), premiere boutique in Calgary, Alberta that provide business and consulting services in large Oil and Gas, private and public companies across North America in areas of strategic planning, business analysis, process improvement, organizational change management, project and product management areas.
I also hold a Bachelor of Computer Science, and a Master of Business Administration (MBA).
As an entrepreneur, I do have the ‘squirrel syndrome’, always on the lookout for new dataset, new communities, new product to connect with..” (#CKC)
#2. How does EOS work ??
#ADMP2: I have to be ‘honest’ with you and let you know that we’ve had a lot of complaints within our #ADMP Facebook group, regarding the last two of our previous post.
Haters, Trolls and overall ‘critics’ throughout the internets, have been throwing shades at your project!!
Followers, fans and ADMPers alike, were wary of ‘new cryptos’ (Cryptocurrencies) flooding once again, the market, with ‘cheap’ or ‘non-existent’ technology:
The floor is now yours: How will #EOS work, then??
– KILLING ETHEREUM SOFTLY ?
#CKC: EOS (like many other smart contract blockchains) is often referred to as the “Ethereum Killer”. What this means is that it can do everything that Ethereum can, bt so much better! So, I thought it would be a good idea to compare the two…
Firstly, as we have already established, both Ethereum and EOS are capable of hosting dApps, which are supported by smart contracts.
However, the key difference is the amount that each network can process at any given time.
ZIPCOIN use EOS Proof-of-Stake and Delegated-Proof-of-Stake, which is super scalable. Basically, this creates a more efficient system, allowing cheap, fast and environmentally-friendly transactions. In fact, each transaction only takes 3 seconds to process!
The company behind the EOS software is called Block.One, who are also involved in lots of different blockchain and business projects.
Here is the entire #Zipcoin whitepaper, for the ‘sceptics’ and ‘fans’ alike:
#3. DPOS ??
#ADMP3: Yeah, the ‘internet is still undefeated!’ –> The greatest digital highway of thought and action, the internet, still has to face defeat and its own ‘kryptonite’. Meanwhile, another layer of it, is being built:
Values that would hopefully one day, start with protecting our natural environment.
- WHY? –> Cryptocurrencies like Bitcoin and ‘Classic Ethereum’ use a clever system of ‘Proof of work consensus‘ between the different computers and servers within its network.
In order to verify transactions between peers and establish ‘trustless consensus’ between the different component of their network.
Unfortunately, this process would lead, after calculation to 1 ‘Danemark’ worth of energy-supplies, required for the Bitcoin or Ethereum networks to fully verify all transactions through that process by 2020 !!
- CAREFUL!! –> The claim of 1 Danemark worth of energy needs per year by 2020, could be overblown, especially if you factor in your calculation, the GROWING computer processing power increase year-on-year, coming from China !! (The ‘Space‘: Or the ‘Crypto-community is mostly divided on the issue)
- SATOSHISTS, will oppose to that claim, the 1SANTIAGO which represents the energy needs for one year , in Santiago de Chile, which is entirely powered via solar energy (Renewable energy THERE!) – A model for any country (Or Continent, like Africa?) with high exposure to the SUN’s Light of course!
Satoshists will also claim that no-one ever calculated the entire energy needs of the current banking system which processes 90% of its transaction via computers globally and requires high energy to light buildings, guard and electrify physical vaults, and handle hard cash money transfers;
Add to that, the crippling deforestation to create the notes, and the several stock-market crashes from 1929 to 2008, etc, etc…with real consequences and nuisances on the environnement, employment, etc, etc…that was NEVER CALCULATED !! :((
#ADMP understood the problem; It is a problem faced by many successful startups up and down the #AfroTecH : It is called ‘SCALABILITY !…..STUPID’ !!
SCALABILITY !! ==> ALL tech startups (Like Bitcoin, or Ethereum,…) victims of their own success face the same problem, once they achieve their goals ahead of time:
You have to ditch the ‘old system and make way for a new one, more robust and ready to handle the new workload in big numbers, from Day 1. Your system will have to demonstrate the ability to handle growing number of customers over time, or will have to be replaced !!
Nevertheless, it was a situation hard to sustain in the long run. With ‘Delegated proof of stake consensus’, the ‘proof of work’ becomes a less energy-consuming, ‘proof of stake’ :
It is called scalability,…STUPID !! (#ADMP)
With EOS, to verifiy transactions between peers, ‘proof of stake consensus’ is the choice of the EOS network, instead of ‘energy-consuming‘, ‘Proof-of-work’ for the Bitcoin or current Ethereum networks.
–> Practically, it means that, whoever owns a EOS key, can now become a validator :
#ADMP4 Visionaries are not always understood by their fellow contemporaries, how do you cope with critics?
#CKC: It is a challenge but I understand that Visionary’s passion is our “squirrel syndrome“; always wait for the next squirrel (Dataset) to come along. I do everything passionately. If something is worth my attention, it’s worth my entire time:
“ So, every new initiative, every new idea, new method, new employee are always the best ever.” (#CKC)
#CKC: I also possess the ability to discover how to enhance each other’s synergy and achieve optimal performance is critical for me to cope with critics.
Plus I tend to use artwork to understand my inner self!
- #ADMP: Creative ‘Thinking’ is important in the ‘Space’, we do agree!
- CHATBOT QUESTION: Give us your TOP5 dishes, please?
The Internet is still undefated = The greatest highway of thought and action, still has to face its ‘kryptonite‘. (#ADMP)
#ADMP5: From ‘Rag to riches’ to ‘entrepreneurs’ could be the title of your own biopic, right? But how would you like to be remembered the most?
#CKC: ZIPCOIN’s vision is simply build around our passion, strength, desire and will power of blockchain solutions and technology and how it could change
the world in remittance space for the African and other emerging markets.
Remittance money is critical in every poor men’s or women’s chamber, without this money other people can’t survive or meet the basic needs in life.
ZIPCOIN is set to change that by unlocking each community, village, town, city and country by zipping and closing gaps in blockchain technology and financial inclusion using E-OS blockchain technology.
#ADMP6 (Annoying) CHATBOT QUESTION : Simply give us your TOP5 Beloved actors?
#CKC: No need to!
#ADMP: Say what??
#CKC: No need to, because I have the video to prove it!! :))
#ADMP: Like what? …Are you a #Youtuber, too?
#CKC: Not yet, but please do watch the video below!!
#ADMP: DANG !
#ADMP8: Final words to ADMPers, Afro-preneurs and indeed any entrepreneurs ??
#CKC: Follow your heart and create a business that empowers customers, employees and community in equal measure. Don’t wait for success to come knocking at your door; but fetch for it and be the change and a passionate entrepreneur.
Never be afraid of failing; because some of the greatest successes resulted from the worst failures.
In the interest of transparency, we are publishing below, the entire #Zipcoin whitepaper!
Electronic counter-punch by Hermann Djoumessi, MA – #HMD
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