RIF
Rootstock Infrastructure Framework
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$RSK increases network accessibility, streamlining transfers of BTC. How important do you think user-friendly interfaces are in promoting blockchain adoption?
Cronero | The First Auto-Staking & Auto-Compounding Protocol with High Burn
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It's far from over. RIF notices were sent out this morning to several agencies and the impact on Government contractors hasn't been realized yet.
Totally thanks for sharing. I used to listen to CCC years ago despite that I barely have the time to sit through their hour-long episodes. (I wish they had summaries.) I'm also a Fed (waiting for RIF to kick in anytime), so I totally understand what you said halfway through. I get paid shit compared to how much I got paid working for private companies before. It's like community service, and most employees are honest, hardworking people. I listened to a whole episode. I'll probably share the following with the Ethereum community as a summary of the more interesting parts they might want to know. Please let me know if you see any mistakes. ---------------------------------- **A very-revealing interview with a former SEC senior advisor** Ever wonder why the SEC was so damn confusing in the previous administration? Crypto Critics' Corner released a very interesting episode titled "What happened to the SEC?" This episode is an interview with a former Senior Advisor for the SEC under Gary Gensler, Corey Frayer, who is representing himself and not the SEC. Corey is more open to provide insight to the SEC's confusing decision-making now that he's no longer part of their department. This clarifies a lot of misconceptions around their decisions. I'm summarizing what was said during the interview with my neutral commentary. Please take this with a grain of salt since there are some statements that I can't verify. **The SEC's role is to make sure all investment contracts are properly disclosed.** Ultimately, the SEC's role is all about disclosure. For example, the SEC won't go after a Ponzi scheme as long as it **registers as a Ponzi scheme with proper disclosure**. Now other Federal bureaus might go after the Ponzi scheme for running afoul of other laws, but that's not the SEC's role. The SEC's goal is to make sure investors have all the information they need through disclosures. **SEC reached out to CEXs, but CEXs did not play friendly** The SEC reached out to all the CEXs and tried to work with them. They wanted CEXs to register as securities exchanges and were willing to play friendly with them. According to Corey, CEXs most likely didn't want to register because it would have scared away most tokens from wanting to list on them. If a CEX registered, new tokens would go to a competing CEX that didn't require registering with the SEC. The SEC was open to making their decisions public, but the CEXs wanted confidentiality for their meetings. In fact, there were some CEXs that registered, and they were extremely unpopular because cryptocurrency teams avoided them. Corey says that it was totally possible for them to register as proper securities exchanges and keep operating. But it definitely would have scared away more sketchy tokens and made exchanges much smaller. **The SEC is inconsistent between administrations, but they are held accountable to previous administration's mistakes** The SEC is not a monolithic organization, and it changes between administrations. However, they are somewhat beholden to the decisions of previous administrations. Previous administrations suggested that decentralization was important in determining whether something was a security, but Gensler's administration did not feel that way. Gensler's definition was based on the Howey Test. The test was not only supposed to be applied to the digital asset itself, but to every interaction with the digital asset. Basically, is there an expectation of profit from the work of a common enterprise? The SEC is held accountable for things stated during previous administrations even if the current administration doesn't agree with them. The SEC found it difficult to say things that conflicted with previous statements from previous administrations, which explains their ambiguity and dodging questions in courts. Unless Congresses a new law changing things, their hands are tied and they're expected to be consistent. **Ripple was a SEC win** The SEC case established that the Ripple ICO was a securities contract. The other part about secondary sales of cryptocurrencies was partially misinterpreted. It would be pretty ridiculous to say that secondary sales of stocks are no longer securities after their company's IPO. Secondary sales can actually be retried under the Howey Test to determine whether they are securities. **FTX crisis** Corey points out that the fraud and accounting was at FTX International, and the SEC didn't have sufficient insight into international activities. By the time they knew about it, it was too late. **Limited resources to go after small-scale fraud** There are 15000+ cryptoassets and many more being launched annually. The SEC doesn't have enough resources to go after all the small cases by celebrities that make it to mainstream news. They are overwhelmed because it's so easy to launch crypto projects vs traditional stock companies. **CeFi companies like BlockFi** The SEC went after BlockFi first because it was an easy smaller target. Corey considers it a success since there was a lot of risky leverage in the CeFi market through lending products for retail investors. **Newer memecoins might be securities: Dogecoin vs Trump** Older memecoins like Dogecoin are almost certainly not securities because they were launched as a joke without expectation of profit. However, newer memecoins like **Trump** might be considered securities because they are created for profit and that there is an expectation of profit from being associated with Trump and his projects. **Elon Musk, and why didn't the SEC stop him?** CCC interviewers said Musk is dogeshit for trying to shut down the government and asked Corey why the SEC didn't pursue him harder for conflict-of-interest tweets. Elon Musk was breaking securities disclosure laws rules by constantly tweeting. The SEC fined him but didn't go after him repeatedly because they would have to open a new investigation every time he tweeted. They didn't have enough resources to go after the richest man in the world who also has a huge political influence. Also, Corey says personal letters to legislators are read by staff and useful.
So, if you withdraw small amounts yearly after retirement, your taxes will be lower as your income has dropped and you can sort of use it as you would an RRSP or RIF? It's this right?
FET, Mantra, Chainlink, Near, Filcoin, SMT Meme coins - Khai, Ski mask dog, RIF
tldr; A crypto whale has capitalized on the emerging DeSci (Decentralized Science) trend, making $3.4 million in gains from biotech tokens Urothilin-A (URO) and Rifampicin (RIF). DeSci, which combines biotech research with cryptocurrency, has gained attention from figures like Binance's Changpeng Zhao and Ethereum's Vitalik Buterin. Despite its potential for quick profits, DeSci faces challenges with scientific credibility and accountability. The sector's market cap is $613 million, indicating early-stage opportunities but also risks of volatility. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; An anonymous cryptocurrency trader turned $1,100 into $1.62 million in 20 days by investing in meme coins. The trader initially invested in Solana-based Urolithin A (URO), turning $768 into $572,000, a 714-fold return. They also invested in Rifampicin (RIF), turning $300 into $957,000, a 3,503-fold return. These investments were made on Raydium, an automated market maker. The success is attributed to the popularity of Solana-based meme coins and a bullish market sentiment, with meme coins outperforming the market recently. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Sounds like a reddit redesign / official app problem. Signed, RIF & old.reddit master race
Can some body please help me understand why only some coins like RIF are going down and not the rest of the alts? Is there any news on regards to that? Genuinely curious
Good comment. I have some coins that I've had for years. I don't buy the latest thing, I want these projects to succeed, and will only take profit to regain my investment or when I need the cash. Examples: Pundix, RIF, RENDER, LTC. I also had some duff ones like EOS. You can't win em all. 😁
Will $RIF have the opportunity to compete head-to-head with $STX? Apart from these two, who else is in competition?
I'd say 20-30...it's only because I'm bullish on Bitcoin and I think there will be tons of building on it and only a few projects that are so early to that game like STAX and RIF
ditto, between Reddit charging ridiculous API fees and sunsetting Apollo, RIF, and now moons I need to find a new forum.
I lurked a lot as well since the prime days of dogecoin but never really interacted and totally ignored the posts about moons. I was using RIF to use Reddit and to get a vault you need the official app or web app. I started engaging a few months ago and being rewarded totally motivated me to stick around and now I love it lol.
RIF app used to not have it displayed. I miss that app
No problem! I can't stand the official app. old.reddit on desktop and RIF on mobile crew 🤝
I'm still using RIF until it dies for real
Apollo might work still. RIF's guide is here if you're interested https://docs.google.com/document/u/0/d/1wHvqQwCYdJrQg4BKlGIVDLksPN0KpOnJWniT6PbZSrI/mobilebasic?pli=1
I miss RIF, I really really miss it.
There's a workaround, I'm still using RIF
Not exactly but I'm still getting used to it coming from RIF. The thing that shits me is how easy it is to accidentally hide a comment when you go to touch the screen anywhere near it.
Happy cake day! I miss RIF but I like seeing everyone's avatars now
RIF has stopped working and now I have to use the default reddit app. I feel like throwing up, what the f is this?
Feel like pure shit just want RIF back x
Now that RIF has shut down, what is everyone using for reddit on mobile?
RIF is officially dead tmrw :( not sure what I'm gonna do. Every time I use the official it's slow and clunky. And has ads and recommended subreddits everywhere
Ok, a rather important question - which Reddit client (on android) will you be using from 01-July? Are any of the third party ones staying up? I know my favourite RIF is going down 😔
It's not just Apollo. I've used RIF for years, as an android user since day zero.
Build a layer for RIF to work near seamlessly and Im in.
I think this is less about moons than it is about the API changes. I just got the notice that RIF is shutting down this month. I'm not sure I'd want to stay on Reddit longer if I'm forced to use their mobile app. It sucks.
Where are we headed? I pretty much only use RIF
Im still hoping that Reddit change their mind. Ive been using RIF since I started and the official app just feels very clunky imo
Absolutely. I don't know if I'll bother if/when RIF disappears.
Is RIF the best 3rd party app for your phone?
because regular one SUCKS, way too much visual distraction, OLD and RIF are pure information
I Will continue to use RIF for as long as it is functional. If it ceases to be functional, I will be logging off of reddit forever
Desktop reddit is flat out unusable. The app is improved from its inception, but it is still a cluttered mess with wonky nagigation. Despite improvements, its still not as smooth and simple as RIF.
You can, but I'm so used to RIF, the official app just winds me up
Been using RIF for a better part of 7 years now. F these changes
The only thing I use the official app for is the vault for my moons and avatars. Reddit would be unusable for me without RIF.
It's not just RIF. There are many apps better than the official app.
I guess I’m in the minority too. All this talk now makes me want to check out RIF
All of them. Baconreader, Apollo, RIF, etc. they are charging ridiculous amounts for API access, which all of the apps utilize.
Definitely this. I used to use RIF and it started being weird. I switched over to the reddit app and am used to it at this point. The app really isn't something I generally surf on. Since I'm on a computer all day for fiat work, I'm usually in a browser when I'm searching around reddit. They haven't gone public yet, have they? A while back, they were talking about having stock... that's when more ads started, the sub memberships, the coins you can buy... all that. I wonder if they're trying to tighten it up before they hit the market to not lose out on any of that ad revenue.
The official reddit app is fairly young. Alternative apps like RIF have been around way longer
Yeah exactly this. I can't use anything but RIF
No. They are talking about third party apps that people use to browse and post on Reddit. Like RIF and RedReader.
I probably won't hardly be in reddit after that because the Reddit app sucks. RIF ride or die.
Just like my favorite reddit app (RIF) that they are shutting down :(
It’s gonna be bad. Apollo and RIF might shut down becuz of the $2m price tag to use the API.
Do you go outside this sub? If not, go look at other subs. People don't care about reddit avatars. Hell, a significant number of them don't even see them or know about them. Anyone that used RIF which is the most popular reddit app doesn't see them. Here's the official reddit posts introducing these avatars if you don't believe me: https://np.reddit.com/r/reddit/comments/vtkmni/introducing_collectible_avatars The only people that care about them is crypto bros who are trying to make money off the next fool
Do you go outside this sub? If not, go look at other subs. People don't care about reddit avatars. Hell, a significant number of them don't even see them or know about them. Anyone that used RIF which is the most popular reddit app doesn't see them.
>I hate ads, so that alone is invaluable to me anyway. If you're on mobile there are a lot of different apps that interact with Reddit's API. "Reddit is Fun" and most others are ad-free. RIF has that old.reddit look which is a lot cleaner, only I can't see anyone's Moon's. >So either way, a raise or a no raise we crash? The debt ceiling is a (self imposed) budget for debt repayment. The budget deliberations are when *which debts* to take on are considered. The same people who made and signed off on the budget years ago, are the same people who sign off on the debt ceiling increase. The same people acting surprised the US is at the debt ceiling.. It is like if you and your spouse agreed to spend $1000 building a new fence in the yard, on credit. You spend the money and build the fence. A year and change later your spouse acts surprised the fence cost more than $250 and starts demanding things in return - nothing good will come from that. Then they agree they will pay up to $300 and you two will have that talk again later. If Congress were actually against this much spending they would not have signed this budget in, which by law the President has to spend. They would've known the approximate date their own 'repayment budget' would've been hit. Congress raised the ceiling several times during the Trump era without demanding any cuts or preconditions. This is all a big game to them - their intent is not good. Raising the limit would be a good signal in the market. It would be your spouse (*the US government*) agreeing to pay the full $1000 they already agreed to *and spent*. Their creditworthiness is on the line, and the last time they didn't pay on time the [US lost their AAA rating](https://tradingeconomics.com/country-list/rating). MSM is riling people up as if the debt ceiling equals future government spending, and not existing government debt repayments. That is what the rich want us to believe, likely to manufacture a crash and/or division (to buy with literal blood in the streets). >The Fed pivots because they've gone too far, and business as usual... how will this not just continue to make it worse, and to what end can they sustain this magic trick until the real economy collapses? I believed 100% the real economy would collapse post-2008. Instead they tweaked the rules so the money printer's could run in the background (asset inflation) with ~0% interest rates (which should be used in case of emergency only, ie not to pump the stock market). You tell young people to look at profits vs earnings in a company, their dividends, this is what value is. Then you look at the stock market in 2018 and every company was 20-50x overvalued, most with no dividends or one's that ROI after 70-140 years due to their valuation. At its best, it was a sham economy. 5 tech stocks represent more than 25% of all the SP500's growth. But if you'd invested from 2008-2018 you'd have made a killing on tech *speculation* anyway. Markets can stay irrational longer than you would believe... Even with poor credit, if not the US as a global market maker then *who* exactly? No one else is doing any better right now. Business as usual is the best we've got. There's a lot of talk about whether an arbirary 2% inflation rate is sustainable. Maybe the central bank will settle with a 2.5 or 3% target if it means fewer crashes on paper.. We are trending on track to *deflation* if they don't evoke something soon, and with inflation all fresh in our minds any action can very quickly send us over 2% again. Changing the target to 3%+ would enable them to pivot back to low/no interest 'early' before destroying the economy (good or bad), by spending future money today. This would help the US government and banks with their debt and interest payments too. People's biggest hurdle is to not get complacent to <2% inflation which I'd say is already starting to happen (eg, greedflation with no reduction in demand). >Are you implying that with FedCoin there will be no need for banks anymore, everyone will just use some app on their phone to manage their money? Not at first. Banks will use it to communicate with other banks IIRC. It's meant to offer full interoperability across all financial networks, and near instant settlement - more than crypto offers, cheaper. I mean big money will move around this FedCoin network. That means less money in your bank, and your small bank will become less competetive/useful in the financial market. I'm more worried when entities like VISA say they're building on Ethereum because it saves their business money. The stuff they're building is very very cool. If say Reddit post-IPO has the option to use an insured, cheaper, and legal network to build their NFT Marketplace on instead of a 'decentralized ledger' that may be the direction these markets head in. Amazon's NFTs will only exist on Amazon for example, and the public may not care. Up to now crypto has had no direct competition as a composable financial network.. If major banks are allowed access to this network, and 'risky banks' that are involved in crypto are not, it will add that much more friction to on and off boarding. Most exchanges in the US already are not banked and can not offer withdraws after the SVB failure. If all banks undergo an upgrade except for crypto's one or two, then it will take 5 business days to onboard vs 5 seconds to pay for the same thing using FedCoin. This is just another attack vector for them to use ala Chokepoint 2.0. There is a lot of bank outrage over CBDCs. The restrictions placed on any CBDC are to support the banking business, but if it's that easy to automate a bank by removing restrictions then it's a matter of time. The FedCoin is 'not a CBDC' but it is the network for one. Banks (or States) will likely come out with their own CBDCs in due time, but again this is arbirary and pointless just to keep some people working for a bit longer - eventually we probably will just have an app connected to the Fed. >This all makes sense to a point, but even the super rich have to realize that if they keep doing what they are doing, all that money they have will eventually be worthless correct? I mean how could it not be? Well the average age in congress is 58 so.. is it *their* problem that money will be worthless in 25-50 years? Look at what Putin just did to his economy *for ego*. I don't think you can achieve *super rich* without some form of mental illness. By the time you have enough money for 100 lifetimes, what pushes a person to pursue even more wealth *and hoard* it all? It's like the prisoners dillema. If everyone was not greedy fiat would function a lot better, but if even one person is greedy it will not function. So then everyone acts inhumanely greedy under the justification everyone else is. Then we throw 4 year election cycles in there, populous leaders that get voted in for lowering taxes, and nothing ever gets changed. Aside from that the super rich will always be super rich. If money is worthless they still own all the gold, all the factories, all the land, all the bombs, all our social apps, our most private data, etc. They are untouchable. If the US fails they will move their assets to China to be super rich there. If China fails they will manufacture enough division in any other nation to create their own State, rinse and repeat, like they always have. If you simply project the US's 10% growth ahead by 100 years something will break before then, exponential growth is not possible and that is all the US capatalist system is designed for. Taking this into consideration US leaders should be talking about a pivot away from growth and into sustainability *today*, but no one will ever vote for a leader or CEO who promises *slower* growth - sounds too much like socialism. Today no one will admit there's a problem with the road getting shorter and shorter - but there's always another road for them to use, or sea, or air, or spaceship - it's a problem poor voters and the plebs reliant on US fiat will have to deal with. >Oh wow, you are predicting this all to go down as early as this summer? Also, how would doing this not just increase inflation through the roof? The next 30-60 days will be turbulent. If this goes especially bad the Fed will have no choice but to pivot earlier than they wanted to. Inflation comes second to a failing jobs market or systematic bank failures. They're raising rates to reduce our demand in line with supply. A sudden decrease in supply can suddenly increase demand - people FOMO on toilet paper then buy 13 years worth.. so maintaining supply is just as important as reducing demand to keep inflation in check. It's an impossible balancing act considering, and they basically just slammed their fist into the interest-rate-knob before seeing what happens, no one knows if they went too far or what will happen incl the Fed. If inflation increases again I won't be surprised if they change their inflation target from 2%, there's not really anything else they can do at that point because the economy won't be able to take another hit. Like 2008, it's deciding if a sham economy is better or worse than feeling the pain of a real economic washout? - no matter that's the sustainable long term path to take. People are deluded and also get to vote on these things, so sham it is *and sham it always will be*. Nothing inherently wrong with it when you realize all other markets operate in the same way (there is no such thing as a free market today).. >So calls on Bitcoin and Ethereum then? Hell yeah. Been going long for over 7 years. Excited about the next 7. Satoshi wrote the NYT headline in the first BTC block referencing the 08-09 bank failures and bailouts, Bitcoin more or less being invented because of that crash. Who knows what kind of other inventions and novel systems will emerge if times get hard. And when the times are easy again, well we saw what happened to BTC!
I never see people talking about BTC L2s like STX and RIF. Ordinals hype just proved BTC does require L2s.
Hey guys, any idea what's going on with RIF (RSK Infrastructure Framework) ? The price keeps going up and down a few cents since the last week. Not complaining cause I made decent profits with that but just want to understand the reason so that I can keep riding the wave safely haha.
Any experience with RIF coin ?
Glad I use RIF to browse reddit and don't see anyone's avatar. 👍
So I hardly use the reddit app cause well it sucks. I use RIF. I go to check my vault today and it wants me to recover it? Why the fuck is it not active when I've been using the reddit this whole time from pc and RIF as well as the occasional app. Why do I need to recover it. It also says I can use the password or recovery but only allows recovery phrase lol what a joke.
I've been using RIF (reddit is fun) for years on Android, highly recommend it. It's free, so there's a single ad on each front page, but honestly I had to check just now to verify because I don't even notice it. Also for Windows Ublock Origin is available on Chrome, and Brave blocks adds natively.
Really enjoy some dapps built on RSK like RIF Marketplace and LACChain. RIFs decentralized marketplace is secure and cost-effective, LACChain gives access to social and environmental impact projects. Interesting applications to me
With more user-friendly blockchain services like RIF Flyover, we will see an increase in adoption and acceptance of blockchain technology in the mainstream
RIF has an option to not send link clicks back to Reddit as well. Not quite sure how effective that is, but it's still in the app settings.
MOON, STX, RIF, MPL, COMP, BICO, BAT A few more but that's about it when it comes to altcoins for me.
I've claimed all mine on mobile, just make sure you're using the official reddit app and not one of the other reddit apps like RIF.
I browse reddit through old.reddit and the RIF app, so I never see how many moons people have, but I took a glance at this thread in reddit new, and holy shit, people have a lot of moons! (I mentioned this, because I was about to write something dismissive about moons, because after six months in this subreddit I only around 500 iirc, and figured this applied to most people; so why care so much about ~$50, you know? but holy shit).
Ah, that must be why then mate. I’m using the official app which is just terrible. Don’t know what alternative to use but I’ll try RIF.
Use Apollo or RIF Fuck ads
No I haven't done it. I use RIF not the official app
I've used the RIF content filter to block anything with SBF, Sam Bankman-Fried, or FTX in the title. r/cryptocurrency now has approximately 2 posts on it from the past month.
RIF just casually x3 short squeeze 💀
Everyone is talking about moons. Can I set this up even if I use the RIF Reddit is fun app?
Reddit started a new pilot project where they convert people's karma into community points, to be used for governance proposals on the respective subreddit they earned them in. Community points are on-chain tokens and exist on an Ethereum L2, *Arbitrum-Nova*. This subreddit's points are called $moons. You can find them on CoinGecko and Coinmarketcap by searching 'r/cryptocurrency moons'. You need ETH on Nova to pay gas to send/tip $moons, $1 is probably enough for 1000 transactions. You can use a bridge like Orbiter.finance to get around the 7-day optimistic delay to withdraw on L2's like Arbitrum. To participate in distribution you need to install the official Reddit app and open a 'vault' - which is an Ethereum wallet. Write down your seed phrase. You can use RIF or another app after your vault is set up and your $moons will be distributed to your wallet each month automatically, which you can access from MetaMask using your seed phrase. The Fortnite subreddit has $bricks, and there's another one too. Reddit plans to expand it site wide eventually. https://ccmoons.com This is a great user-made resource. On the /ccip (governance) page you can see all past votes that went through that have shaped this subreddit's rules. 1 moon = 1 vote (They have *no* other value according to Reddit TOS). The same amount of moons are given out each distribution so if few people are upvoting you get a better ratio of moons per karma than when lots of people are. The first few distros were over 15 moons per upvote. Lately it's been around 0.8 per upvote. You get a 5% bonus for voting in a governance proposal and an additional 1.5% for each after. Per CCIP30 you get penalized in future distributions for losing more than 25% of the total you've earned. The rest of the past proposals are pretty tame and are geared toward reducing spam.
I use RIF whch is a better platform but doesn't have that fancy stuff
I use RIF and can't even see avatars :/
In mobile, i browse with RIF. The offer appeared in the desktop version, and i claimed it there.
Is it for official Reddit app uses only or has anyone using RIF gotten one? Do you need to be actively commenting on things, or just kinda exist?
I use RIF - its much less ressource hungry :)
I'm a Maximalist because ultimately everything will be built on top of Bitcoin. Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
That's why I use RIF (reddit is fun)
I listed a few reasons. Get RIF.
The only thing I hate about RIF is that I don't see others moon balances..
I remember. That was a truly historical moment, not only for Bitcoin but for humanity. Every newbie should read this, it was an epic battle between evil (centralized powers) and good (we the people). Bitcoin is 'anti-fragile' and only gets stronger every single day. Nobody and nothing can stop it, at most they only can temporarily and locally delay some of it's developments/functionalities. It has many parallels to the Internet: Bitcoin development layers are just like the layer apps on top of its (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/ Regarding its economic factor, this is the best way to put it: Why would I give up my Bitcoin for printed-to-infinity government coupons (IOU's)? > Neo: what are you trying to tell me, that I can trade my bitcoins for millions someday? > > > > [Morpheus: No, Neo. I'm trying to tell you that, when you are ready, you won't have to](https://gyazo.com/10ead3a5c1fd8ed1e9d150ed6cced62d) > > > ***"When measured in fiat, Bitcoin price will rise infinitely"***. > > ***"Bitcoin has no top, because fiat has no bottom"***. > > > I will NEVER sell my Bitcoin for printed-to-infinity government IOU's, the [same as somebody who bought a block in Manhattan on the 1800's](https://www.youtube.com/watch?v=s-kKDR30Fb8) will never sell it no matter how high the price goes when measured in ever-worth-less USD. > > You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either. !lntip 3000
The oy time I used the official Reddit app was to open my vault. The rest of the time I use Apollo or RIF
This is all on top of the Bitcoin Blockchain: > > > It's just like the second layer apps on top of the Internet (TCP/IP) base protocol. > > Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. > > In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. > > So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: > > (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > > > > > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > > > I think they are awesome: > > > > * RSK ---> https://www.rsk.co/ > > > > * RIF ---> https://www.rifos.org/ > > > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > > > * STX ---> https://www.stacks.co/ > > > * RGB ---> https://www.rgbfaq.com/what-is-rgb > > > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > > > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > > > * L-BTC ---> > > https://blockstream.com/liquid/ > > > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > > > * Suredbits ---> https://suredbits.com/ > > > > * Lightning Network---> https://lightning.network/ > > > > * Microsoft ION --->https://identity.foundation/ion/
I love RGB. **This is NOT a shitcoin**. It's just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
I glossed over their White paper, nothing stood out for me, like they are trying to build the same thing that every other coin is trying, so what exactly you saw in RIF?
Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
Just use the RIF "Reddit is fun" app.
I like these projects like Sovryn on top of Bitcoin. Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
Apollo is way better than the official app. It’s super similar to RIF on android. I only used the official app to unlock my vault, then swift deleted after.
Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
Agree. Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
Never had the official app, I see what you mean now. Always used RIF or old.reddit so this was something new to learn. Given the context and moon plus crypto I figured it was some sort of boost to the coin that was being discussed which made no actual sense. Reddit points = crypto money? Anyway that was the thinking, thanks for explaining.
Yes, just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/