I am going to tell you the most important decision but like any decision you need to know the facts. You need to know what the ecosystem looks like right now.
WHAT HAS HAPPENED
Like every market correction attention shifts to focus on fundamental value and core technology. The largest by–far crypto exchange on Earth is focusing its entire growth strategy into what its defining as a “decentralized exchange.” They are not alone. Huobi, Bitfinex, and KuCoin have all claimed similarly empty forms of decentralization.
Wait. Does this mean Block Collider is competing against Binance? No, because it’s not a real decentralized exchange. Block Collider is the only decentralized exchange protocol that can’t be stopped, can’t be turned off. There is no list of powerful machines that run or govern Block Collider just raw hash power. Binance’s DEX is built on a protocol called Cosmos (Tendermint) which relies on trusting VALIDATORS. These pools of power are entirely controlled by Binance. And they are not alone. Outside of Block Collider, people don’t have any project to choose without trusting validators.
- Radar Relay
- …and every ‘sharding TPS’ solution.
- Block Collider
No this isn’t a finger pointing game and you really shouldn’t read it that way. Take a step back and ask yourself academically why is Block Collider is the only solution (and we mean only) that enables humans to trade without validators??? Everything else aside, how is that a decision which impacts all trade of all crypto currencies have only two options–ether an exchange technology relying on some kind of validator, or Block Collider…
…it all comes down to money and power. But before we get ahead of ourselves, what is a validator?
WHAT ARE VALIDATORS?
Other decentralized exchanges require you to trust the validators. A validator will tell you if a trade went through or if you are even allowed to trade. It will do so with some form of proof that is not work (like Bitcoin) and it’s almost always “I am the richest so you should trust me”. Like predator fish in the darkest depths of the ocean validator solutions dangle alluring lights like transaction speed or “ease of deployment” and even KYC!
Bitcoin for example has no validators and uses miners only the confirm the network. If someone wants to prove a transaction happened it must be inside of a block WITH proof of work. What is proof of work? (link).
Wait so you’re saying that Block Collider is special warm good-hearted people blah blah…and everyone else is not? No. This is cold calculated strategy applied for the protection of human rights. This is our centurion 100 year strategy but more on that later.
Let me be clear, if we do not help other validator-based interoperability protocols find validator PoW solutions WE–as in the world. WILL. FAIL. in the short term we will fall in subservience of centralized power from Binance, Tron, or Ripple. In the long term state operated validators will leave the world as Bitcoin found it dependent on banks who simply changed their name to “validators”, “relays”, or “fisherman”.
MONEY FOR NOTHING IS WORTH NOTHING.
Let’s get back to the money and power problem. Much of the reason validators exist is to hide hidden bonuses for owning coins of the protocol’s tokens. The allure of “money for nothing” has been used by governments for hundreds of years. Simply “stake” your money with the government in the form of bonds and earn a little extra on top. Sound familiar? Simply stake Cosmos coin in a validator and you will get a little extra on top. Money for nothing leads undisputedly to abuse, if there is no actual work involved you just keep printing money to solve all of your problems. It leads to something like this…
Is that the crypto market in 2018? Ha, no. That’s the purchasing power of USD after it stopped using the gold standard.
The Validators promise of dividends has already played out this way. Even if we ignore the dividends components the negative collusion has already been seen in EOS for example which suffered a [massive collusion scandal](https://www.trustnodes.com/2018/09/29/rampant-collusion-in-eos-exposed-by-huobi-leak less than 6 months into starting up BY THE VALIDATORS.
WHY IS IT ONLY BLOCK COLLIDER?
First, core beliefs.
A high moral standard guides our team. Fortunately speculators like ‘the scheme’ and the ‘pump’. This short term attitude is unhealthy for early stage movements. Unfortunately projects judged us like any other project
- We refused to bribe or ‘donate’ exorbitant fees to get onto exchanges.
- We declined marketing of any kind. Not advertisements, no email lists, no sponsored articles, no youtube review. Zero.
- We don’t buy telegram groups, build memes on reddit or rent out ads in Times Square.
- We turned down tens (hundreds) of millions of dollars. Not because we didn’t want it but because we didn’t need it. If we lead by example, others will do the same.
This longer term philosophy attracted the perfect community and subsequently what people are calling the most influential/intense ambassador program ever created (I do correct them that Evangelists are their own thing–much better than blind ambassadors!).
Second, bird droppings.
Not actual bird droppings but in the same way Cosmic Rays were discovered by scraping pigeon droppings off a radar dish we were working on something else and stumbled on using Proof of Work in a interoperability sense. I’d like to say it was pure genius but alas, it was just luck.
Third, hidden validators are easier.
If you only have a few machines making the important decisions then of course the process of “validating” is easy. In the crypto world specifically public contributors have very high short term demands far beyond even public companies, the easy path is certainly appealing.
Unfortunately in life the easy path often has consequences. We can say this respectfully because we acknowledged earlier we just stumbled on the solution. Visa which has 3000 servers is brought down every other money for minutes or hours because of it’s centralization. Projects which use validators or sharding pools are not just exposed but it’s a known risk factor. Front running, sour milk attacks, and collusion. All a core part of the future of validators. Let only another long reaching arm of the state.
Fourth, staking + money + power.
In the long wrong people who support Block Collider win. Just like Dictatorships are also just bad economic models into addition to human rights, validators lead to slow or stagnate innovation.
Get to the most important question already!
Do machines protect the individual or should they serve the state?
It’s a big question. If they should serve the state than validators should hold all the power. If your computer has no freedom to trade with another peer, blockchain, country, or market without first using a validator. Your computer does not serve you. It serves the state.
We decide if computers are shackles or like Steve Jobs said, a bicycle of mind. If your machine programmed to protect the rights of the individual and their freedom to trade no matter what then we must work with as many projects as we can to stop this wave of validators.
MAKE CRYPTO STRONG.
We need to build a list of all “decentralized exchanges” and an outreach program. Either we have engineers all over the world building tech that forces people to trust validators or we have them working on freedoms through cryptography. We are stronger if the project simply forks Block Collider. Even if they don’t mention it’s BC tech (we will just consume their chain if they are good regardless).
There was a lot of noise and junk out there from projects making big claims in 2018. We unfortunately inherited some of the branding of our peers. If you are not highly technical you likely don’t know why Block Collider is completely different. 2018 is over now, and we are still here; more importantly this unstoppable validator free exchange is happening.
It’s time to be Borderless.