There’s a Blockchain Bonanza at the End of the Rainbow

415
Digital world in tehcnical drawing and sphere around a globe
The digital world is changing rapidly, it is evolving in to a more complex sophisticated matter.

The world is changing with a power and a speed that could easily leave the observant in a state of trembling awe; provided they possessed enough objective capacity to see these changes clearly.

When we think of the dark web, mostly what comes to mind are things like the availability of chemical substances that alter the usual states of body/mind consciousness.

Your TOR usage is being watched

We think of the sheer volume and variety of everything else there is to be had, should you be lucky enough to encounter an honest vendor.

Lately—and we know this from personal observations and what others have told us—there is more and more dishonesty taking place where items are never sent to the users that ordered them, and the offenders are coming up with slick work-arounds that make it look like they have been and are trustworthy, but they are not.

Just like in the real world, the forces of greed and trends of degeneration are brought about by a whirlwind of materialism.

And it is becoming harder to trust people, since more them are becoming untrustworthy.

As the population increases, the pressures of being pressed up against each other also intensifies.

And it becomes routine for people to look for any avenue where they can cut corners.

Users find themselves more and more out of luck than was once the case.

Meanwhile, you come across some genuinely funny offerings like “The Scarface Special,” which is composed of a machine gun and an 8-ball of Cocaine.

Dark as it may seem when viewed from certain perspectives, I still had to laugh out loud when I saw it.

I remember coming across some news that the fellow offering this combo got arrested but I can’t find the link anymore.

Still, the Scarface Meme keeps developing into ever more complex levels of sophistication.

hands with mouse
Dark as it may seem when viewed from certain perspectives.

This brings us to something that’s been hovering around in the atmosphere of the dark web like some kind of holographic drone; one that occasionally makes certain entrepreneurs wealthy or sent to jail.

It’s also been slipping in and out of operation like offshore banks that come and go; hopefully not with your money when (or if) they do go.

We’re talking about the online betting industry, specifically what it is that Blockchain is betting on.

Bitcoin is a Blockchain construct and there are now a lot of people that are using Bitcoin to fund their sports betting, and a virtual revolution is about to take place.

The long-entrenched gambling syndicates are not happy with this new state of affairs, which is literally right around the corner.

As is always the case where substantial amounts of money come into play, there can be pressures of all sorts, spinning dangerously in the ethers above our heads, or…benignly sailing by like a Frisbee, waiting for a lucky few to get their hands on it.

Now, we are talking about something just as revolutionary with the potential for investor profits that are truly astronomical, meaning (grin), “the sky is the limit.”

Rather than walking you down the garden path of this curious new world of possibilities, let me connect you with the opinions of others for whom this is their very field of endeavor.

Let us consider The Racing Post as well as The Betting Business.

What we are talking about is Blockchain technology, and the industry it is growing.

Let’s run a brief exposition of Blockchain:

A Blockchain is an immutable ledger, whose platform can be accessed anonymously from anywhere in the world with an internet connection—even in countries with extreme government firewalls like China and Turkey.

Read >>
Blockchaining the Eschaton

The implications of this are profound and have the potential to organically shift power, money and control away from TPTB.

Blockchain projects (“cryptocurrencies”) will throw gas on the next financial crisis because some re-allocation of investments will go to untraditional crypto-projects that are not controlled by TPTB.

Each Blockchain project has a “core-asset” or “token” that represents the value of the project, much like stock in a company.

This asset is often called “cryptocurrency,” but in reality it is more like stock than currency.

Most Blockchain projects have a poor value proposition and the value is purely speculative, based on a promise of future development and potential.

Most projects start with a group of developers with an idea, then they get funded, and then they get to work building the project.

This process can lead to unfulfilled promises, or the project can simply become technologically obsolete, and a new direction is needed.

Investing in these kinds of projects is dangerous.

hands over a city with rays of light forming a network
A Blockchain is the core back-end technology that records information

Blockchain tech first attracted people who are highly technical and philosophical, but now projects have become more user-friendly, technologically-advanced and applicable to more niche industry sectors.

The next wave of Early Adopters have pumped the industry full of speculative “fear of missing out” investments, which is blowing several bubbles.

The Blockchain industry is currently where the internet was in the late 1990s.

It has an identity, a direction and momentum, but most projects are inflated with speculation and will somehow either phase-out, or the developers will get cannibalized by another project.

The exciting prospect is knowing that some Blockchain projects will grow by 10 to 100-times, or more.

Let’s look into Blockchain vs. DApp:

A Blockchain is the core back-end technology that records information (“blocks”).

Blockchains include Bitcoin, Ethereum, Graphene, and others.

A Decentralized Application (DApp) is a project built on top of a Blockchain. Most Blockchain projects are in reality just DApps, and do not actually launch their own Blockchain.

Now, let’s flashback for a moment to Bitcoin:

BTC was the first Blockchain (and currently the largest market cap), but is essentially a prototype for Blockchain technology.

BTC is revolutionary and genius, but compared to second and third generation Blockchains, it is one-dimensional and slow.

The only thing you can do is send BTC back-and-forth, and it currently takes from 10 minutes to an hour to confirm a transaction.

The larger the user base grows, the slower the network runs. So, this isn’t properly conducive to scalability.

BTC will become the “digital gold” of the “crypto-world” because everyone agrees that it has value, but it is slow to transfer.

And now… other Blockchains:

Ethereum is currently the second largest. ETH is a second-generation chain that is very user-friendly for developers to build DApps on.

ETH, however, has not solved the scalability or speed problems that plague BTC, and is more like a sandbox for developers.

Some even call it a junk drawer. Despite the technological disadvantages of BTC & ETH, both have strong popularity.

Graphene is measurably the most technologically advanced Blockchain based on transactions per second (tens of thousands), block confirmation intervals (under three seconds), governance (shareholders can vote on new initiatives and projects) and overhead (it’s the least expensive network to run).

Projects that use Graphene to launch their own Blockchain include BitShares, Steem and Peerplays.

For sake of comparison, BTC is like the first calculator in the ’50s, Ethereum is the first personal computer in the ’80s, and Graphene is like the newest iPhone.

At this point, it makes sense to look into the Peerplay’s Blockchain Standards Association, also known as the PBSA.

Read >>
Cryptocurrencies Now Available at Over 1,800 Austrian Post Offices

The PBSA is a non-profit organization committed to researching and developing open-source Blockchain technology.

The PBSA does not own or operate the Peerplays Blockchain in any capacity (due to legal reasons).

The Peerplays Blockchain exists independent of the PBSA. Much like the Bitcoin Blockchain exists independent of any organization that has “Bitcoin” in their name.

Let’s take a deeper look into Peerplays:

Peerplays is an open-sourced decentralized Blockchain that uses the Graphene core protocol as a foundation, and is customized for gambling and gaming.

Peerplays is a peer-to-peer network and does not have a “House” to bet against.

It’s also a Decentralized Autonomous Coop (DAC).

Decentralized meaning owned and supported by a global community that is tens of thousands strong, and autonomous meaning core token (PPY) holders can vote on new initiatives and projects.

Coop means members of the community can receive dividends from the project.

The Peerplays Blockchain platform just recently launched and will soon have many DApps: Peer-to-peer sports betting with significantly less fees, lottery that pays out 95 percent of the pot, no-rake poker, peer-to-peer games and tournaments, etc.

Because of Graphene’s speed, gaming can happen on-chain and in real time.

Peerplays is capable of hosting and wagering with any cryptocurrency (not just the core token), and also has a built-in asset-exchange.

Peerplays does NOT host fiat currencies, only cryptocurrencies.

Peerplays is the first crypto-project that pays dividends to holders of the core-asset (PPY).

The Peerplays Blockchain collects fees from the users in the form of whichever “cryptocurrency” was used, and then distributes those fees as a dividend every single day.

For example, if BTC, ETH and PPY were wagered on Peerplays, then fees would be collected and distributed in BTC, ETH and PPY to holders of PPY, thereby creating a bread basket of cryptocurrencies.

Peerplays will also have a referral program that can make the project go viral. It’s a single-tier referral program, NOT multi-tier pyramid scheme.

Moving right along, we come to Bookie. This is the flagship DApp of Peerplays. Bookie will be the first betting exchange fully accessible from anywhere in the world.

It is completely decentralized (not owned by any one party, specifically not the PBSA) and cannot be shut down, just like how the Bitcoin Blockchain cannot be shut down.

There are a few other crypto-gambling projects, such as Auger, Wagerr, FirstBlood, GameCredits, etc.

These are all DApp’s built on the Ethereum Blockchain, and have limited capabilities due to technological restrictions and narrow niche focus.

Now I’d like to point out some of the benefits of Blockchain:

Improve sports integrity: The largest area of sports integrity and betting fraud is called “spot-betting.” This is when bets are placed not on who wins, but on something happening within a game (a player gets a red-card, fouls-out, strikes-out, double-faults, etc.).

This is the easiest way to manipulate and win, and the best way for a low-paid athlete to make extra money.

Blockchain betting helps shine a light on this problem because all bets are transparent.

Although betters are anonymous, the transactions (what they bet on) are completely transparent. Therefore, abnormal betting patterns become more obvious.

Currently, centralized betting companies like Betfair keep betting patterns secret in order to protect their business.

That means exposing fraud is NOT in their best interest, because they do not want to expose suspicion of their clients.

The industry can have Know your Customer (KYC), or transparency, but not both. If there is KYC, then people expect their privacy to be kept.

Read >>
Bitcoin Would Be Nothing If It Weren't for The Dark Web

If there is transparency, then people expect anonymity. Technology is forcing the industry into transparency, and therefore the best has to be made of the situation.

It is best to establish new standards from the beginning, as the transition is being made from the old system to a new one.

Betfair and other betting companies have a history of canceling or heavily taxing professional bettors who win frequently.

Peerplays is not centralized and does not have the ability to restrict or discriminate.

Many problem-gamblers get into trouble by taking out credit with a casino and over-extending themselves.

On Peerplays, you can only bet the cryptocurrencies that exist in your account. Therefore, one cannot bet more than they have.

Peerplays is a provably fair peer-to-peer network. There is no house that tilts the odds.

Provably fair gaming: All games are auditable to prove that no one has a disadvantage—accessible anonymously from anywhere in the world with an internet connection.

In conclusion… so, what’s next?

How does or could any of this involve you?

Now might be the time to take a closer and much more focused look at platforms like Peerplays.

We know that the new is going to explode around the world.

Bitcoin did and it WILL BE followed by more and more new generations of similar potential and possibility.

My job is to tell you some of what’s out there and hope it makes you curious. What you do with anything is up to you. You won’t be able to say you weren’t told.

As for what can be known about Peerplays at this moment, this is what I know:

Peerplays is a new community built on technology that has been in commercial use since 2014.

PPY will be available soon to purchase on crypto-asset exchanges, just like buying BTC. If you hold PPY in your personal digital wallet, then you will receive network dividends after DApps are launched.

You can join Peerplays by getting involved with the community on forums including BTCTalk, Reddit, Telegram, etc.

Peerplays is an idea whose time has come, built with the world’s most advanced Blockchain technology. It is community-driven and is gaining momentum as its community grows.

We are on the edge of the greatest transformations of the technology revolution, and the exponential combustion of virtual 4th of July to end-all 4th of July…

Those who put themselves in the possession of valuable information may soon find themselves in a position to use it to their great advantage.

Les Visible

Les Visible

Let's keep this short; if you've never heard of Les Visible - and let's face it, most people haven't yet (grin) - he's a poet, a musician, an author, and yes, he writes a blog, too. If you're interested in finding out more about Visible the man, go check out the about page.

Website: http://www.lesvisible.com/
Les Visible
Write for us

Disclaimer:

The articles and content found on Dark Web News are for general information purposes only and are not intended to solicit illegal activity or constitute legal advice. Using drugs is harmful to your health and can cause serious problems including death and imprisonment, and any treatment should not be undertaken without medical supervision.

73 COMMENTS

  1. I read Les Visible since cca 2004 (?, is that possible it´s all the year already?) and the quanta of spiritual and other discoveries, hints and ideas I came into since that time by reading his words cannot be conveyed easily. It is simply immesurable and priceless/invaluable. But there is not much need to say much as he is massively known throughout the web and all of his true following readers can swear to that treasure his blogs/words truly are….
    Guldur

  2. Wow!! This is great! Look at all these words of support and encouragement for Les Visible!

    You can count me in as well!

    I would like to contribute a bit because a bit is all I got.
    But a bit can become a byte and a byte can become a lot.
    I am from Planet Terra with trillions of terabytes
    Where the People who care have the goons in their sights (sites)

    Here’s to The People’s Republic of the Internet!
    Where the netizens find ways to get out of their debt
    With gazillions of blockchains and detours around roadblocks
    We will stun all THOSE minions and hang THEM from chain-blocks

    Zooming around the big block walls
    We have no time for the big box malls
    Boneheaded blockheads who never had balls
    Are heading downstream t’wards Niagara Falls

    Yes those evil blockheads are obsessed with blocking the free flow of intelligence and imagination and creativity and truth and honesty and sincerity and consciousness and wisdom and spontaneity and humanity and remnant sentient sanity in a politically insane, terminally corrupt, poetically incorrect, logically impaired, morally depraved, spiritually challenged, biologically doomed dystopian society of helpless descendants of good people who allowed evil to organize itself beyond your wildest imagination. But that is all going to block change!!!

    Ever heard of Deek Jackson…?!
    FAKE NEWS – Planet’s Safe With The Rich – Trump Lies Are Worse – We’re Not Terrorists
    https://www.youtube.com/watch?v=8K_giMpUTGg

    I wish I had some of that cashisch to get started on PPY…oh well…maybe some day.

    ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♫ ♫ ♫ ♫ ♫ ♫ ♫
    I have no cash to bring pa rum pum pum pum
    I have no stash to bring pa rum pum pum pum
    I have no coin to bring pa rum pum pum pum
    I have no gold to bring pa rum pum pum pum
    Rum pum pum pum rum pum pum pum

    ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♫ ♫ ♫ ♫ ♫ ♫
    I will play for you pa rum pum pum pum
    On my drum (and bass guitar)

    Here’s to the Les Visible Man…!!!

    Daniel Major
    O’Kanabec, Land of the Free

    Yes, Daniel Major is my real name.

    P.S.: Have you heard this song by Muse? An oldie but a goldie! (not so old)

    “Another promise, another scene
    Another packaged lie to keep us trapped in greed
    With all the green belts wrapped around our minds
    And endless red tape to keep the truth confined

    Rise up and take the power back
    It’s time the fat cats had a heart attack
    They know that their time’s coming to an end
    We have to unify and watch our flag ascend

    They will not force us
    They will stop degrading us
    They will not control us
    We will be victorious”
    etc…

    Muse – Uprising
    https://www.youtube.com/watch?v=w8KQmps-Sog
    Muse – Uprising (Live from LCCC, Manchester 2010
    https://www.youtube.com/watch?v=ygANMV2I3XE

  3. You’ve already posted one of my comments that belong over

    there, so maybe I can post my other comment here as well?

    You decide.

    Here it is:

    Wow!! This is great! Look at all these words of support

    and encouragement for Les Visible!

    You can count me in as well!

    I would like to contribute a bit because a bit is all I

    got.
    But a bit can become a byte and a byte can become a lot.
    I am from Planet Terra with trillions of terabytes
    Where the People who care have the goons in their sights

    (sites)

    Here’s to The People’s Republic of the Internet!
    Where the netizens find ways to get out of their debt
    With gazillions of blockchains and detours around

    roadblocks
    We will stun all THOSE minions and hang THEM from

    chain-blocks

    Zooming around the big block walls
    We have no time for the big box malls
    Boneheaded blockheads who never had balls
    Are heading downstream t’wards Niagara Falls

    Yes those evil blockheads are obsessed with blocking the

    free flow of intelligence and imagination and creativity

    and truth and honesty and sincerity and consciousness and

    wisdom and spontaneity and humanity and remnant sentient

    sanity in a politically insane, terminally corrupt,

    poetically incorrect, logically impaired, morally

    depraved, spiritually challenged, biologically doomed

    dystopian society of helpless descendants of good people

    who allowed evil to organize itself beyond your wildest

    imagination. But that is all going to block change!!!

    Ever heard of Deek Jackson…?!
    FAKE NEWS – Planet’s Safe With The Rich – Trump Lies Are

    Worse – We’re Not Terrorists
    https://www.youtube.com/watch?v=8K_giMpUTGg

    I wish I had some of that cashisch to get started on

    PPY…oh well…maybe some day.

    ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♫ ♫ ♫ ♫ ♫ ♫ ♫
    I have no cash to bring pa rum pum pum pum
    I have no stash to bring pa rum pum pum pum
    I have no coin to bring pa rum pum pum pum
    I have no gold to bring pa rum pum pum pum
    Rum pum pum pum rum pum pum pum

    ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♫ ♫ ♫ ♫ ♫ ♫
    I will play for you pa rum pum pum pum
    On my drum (and bass guitar)

    Here’s to the Les Visible Man…!!!

    Daniel Major
    O’Kanabec, Land of the Free

    Yes, Daniel Major is my real name.

    P.S.: Have you heard this song by Muse? An oldie but a

    goldie! (not so old)

    “Another promise, another scene
    Another packaged lie to keep us trapped in greed
    With all the green belts wrapped around our minds
    And endless red tape to keep the truth confined

    Rise up and take the power back
    It’s time the fat cats had a heart attack
    They know that their time’s coming to an end
    We have to unify and watch our flag ascend

    They will not force us
    They will stop degrading us
    They will not control us
    We will be victorious”
    etc…

    Muse – Uprising
    https://www.youtube.com/watch?v=w8KQmps-Sog
    Muse – Uprising (Live from LCCC, Manchester 2010
    https://www.youtube.com/watch?v=ygANMV2I3XE

  4. Always enjoy and benefit reading anything from Les Visible. Clear and articulate to the max with an unequaled writing style.

    He also has a penetrating view into the deeper aspects of our reality and always comes up with cogent analyses of the current, multi-front scene . . . and doesn’t pull his punches.

  5. I’ve known Les Visible for more than five years and in all that time I have never known him to mislead, misconstrue or be other than a man of the utmost sincerity and integrity.

    Laura

  6. Les, my Visible Man, where did you learn all this promising new stuff?!

    That was quite the rundown! Nice Overview!

    Who would have thought, you were preparing this new assault on the fortress of monetized bullshit? Could this be the “pièce de résistance”? Check mate in the Grand
    Chessboard…!!??

    The free flow of information is the key to changing Hell into Heaven on Earth!

    It would me a powerful tool in the war on bullshit.

    A proper exchange/currency system should naturally value 3 fundamental things, as I see it:

    1) Quality of Information
    2) Quality of Energy
    3) Quality of Time

    Individuals would give credits to those who provide them with valuable, relevant, and accurate information. A person who provides quality information receives credits and may exchange these credits for anything. Trustworthy, sincere and correct providers of Energy, Information and ways that value other people’s time and give you more free Time will become the new architects of a sane world.

    Instead of the indoctrination centers known as “schools”, children would be nudged into valuing Time, Energy and Information and more specifically Quality thereof. No one need be forced into anything; all the hypnotized doofuses can keep on believing whatever they want. The difference would be: the smart people would not be forced off their lifeboats and back onto the sinking Titanic. Those who value their time on this Earth, clean and abundant energy as well as truth in their information will contribute greatly to a more just society and to a saner planet for all, including the twisted maniacs presently parading on stage.

    In the eternal war on bullshit, THEY are begging to be booed off the stage of life. This can only happen if there is free flow of information i.e. without the road blocks imposed by the archaic systems of the predatory ruling crass.

    —————————————–
    Bring ’em on!!
    Bring ’em’ on board!

    In solutions we are reveling
    The r-evolution is revving
    The playing field is leveling
    Into the saucer pod we go hovering

    Daniel Major
    O’Kanabec, Land of the free

    P.S.: You Want It Darker
    https://www.youtube.com/watch?v=v0nmHymgM7Y

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