From time to time, I think it’s necessary and healthy to take a step back and reflect on what you’re doing and why. I recently did that with regard to my work and website. When I quit my job on Wall Street nearly a decade ago, I had no idea how life would unfold. I […]
The Ethereum Foundation announces the next wave of grant recipients, prediction market platform Helena goes live on Ethereum, and Huobi Global supports the upcoming Constantinople hard fork.
The IOTA research department recently gathered for one week of focused discussion and planning around some of the most critical aspects of the organizational roadmap, including Coordicide and attack analysis. This blog post summarizes the events, and offers some insights into the solutions and progress made during the conference.In total, eighteen members of the research team met in Barcelona, Spain during the second week of February. This was not the first time the research team has spent time together in person, but it was the first time doing so with Director of Research Moody Alam at the helm. As the team has grown and matured, Moody’s oversight of the various teams and projects that comprise the research department has become a critical role. Setting defined goals, with specific project leaders and team members are critical to success. This recent meeting was the perfect opportunity to see how all the different moving parts of the department fit together.Dr. Moody Alam, Director of ResearchIn the following video clip, Moody shares a brief overview of the central mission of the IOTA Research department (please see the bottom of this post for a link to the full Q&A video):https://medium.com/media/3b5e19daf0cdfabd55e89ffb13d4457b/hrefProfessor Vassil Dimitrov, Senior Research ScientistAn overarching theme of ReSum was to understand the importance of the research group’s role in bringing IOTA to its next stage of life.Fueled by lots of espresso, the week began with a presentation by Moody about the overall status of the research department and an overview of the longer term vision. The immediate tasks of understanding the Tangle and developing the path to Coordicide can be understood within the context of the broader crypto-sphere. As many projects work toward the goal of achieving the “next generation” DLT, the IOTA Research Department is positioned as a leader in the field. Our goal, however, is to be the top research group, and we believe that our dedicated team is fully capable of achieving that mantle.Over the past months, we have achieved some very interesting results, which were a major focus of discussion during the week. We look forward to sharing these with the community soon. Director of Research Moody Alam summarizes our approach to research and communication about research progress in the video clip below:https://medium.com/media/bbba742c58e66eaaee432b1f97fcf152/hrefProfessor Serguei Popov, Board of DirectorsSerguei and Professor Robert ShortenSharing knowledge and optimizing collaborative practicesMuch of the team’s time in the first two days was spent going back and forth between individual presentations to the whole department, and working in team groups to help ensure that the overall workflow within the department is optimized. Given the complexity of the technical challenges and the desire to minimize wasted time and duplicated efforts, a top priority for the meeting was to establish research processes by which we can proceed and measure our own progress. Beyond working on a Research Charter as a department, individual teams set quarterly goals for themselves, in alignment with the broader team.Alon Gal, Senior Research EngineerDany Shaanan, Research ScientistHammering out research steps and processesWolfgang Welz, Senior Research Engineer/Coordicide Project LeadBartosz Kusmierz, Research Scientist/Attack Analysis Project LeadOlivia Saa, Research ScientistAndreas Penzkofer, Research ScientistDigging in to the meat of the work, and moving toward an answer to the proverbial, “Wen?”The last days of the summit were set aside primarily for teams to work on all of the tasks that normally are coordinated in a virtual space. It was a wonderful opportunity for project leaders to set forth their specific priorities and for tasks to be delegated to individuals. These days were full of white-boarding and intricate discussion about approaches to specific questions or challenges. The Coordicide and Attack Analysis teams mostly worked separately for these few days, but did come together at the end to present their progress to the whole department. These days afforded an opportunity for the creative process to take over, as clarity about questions, requirements, and next steps, guided the team’s work. The topics of coordicide and reusable addresses were a big focus, and much progress was made. We look forward to sharing more about everything in the future.In these two clips, Wolfgang Welz and Hans Moog discuss some topics of great interest by the community, Coordicide and reusable addresses, respectively:https://medium.com/media/fec422064b6562e3f40f7c30b87fe5a7/hrefhttps://medium.com/media/663cdf4bb3a78ab9039bda72532b0b82/hrefBart presenting an overview of the attack analysis team’s effortsAngelo Capossele, Senior Research Scientist, presenting the parasite chain attackOlivia and Billy Sanders, Research Scientist, presenting on the splitting attackAlon Elmaliah, Staff Research Engineer, presenting the latest research on node discoveryBeautiful BarcelonaNo IOTA summit would be complete without good fun and late eveningsOur work days ended around 6pm, but discussion of IOTA never stopped. From great meals with most of the team in the evenings, to late night rooftop terrace talks, the research summit was a great overall team building event. The camaraderie and personal relationships developed during the summit demonstrate the importance of such “in real life” meetings for what is normally a distributed team. It was wonderful to spend time with others who share a genuine passion about IOTA and a desire for success. It’s always great fun to see how people’s personalities match or differ from your expectations after knowing them only online. As expected, everyone got on great, and had tons of fun. We hope to share more results and good news in Q2 2019!Even the napkins end up covered in little Tangles!Cheers to a great week!Please check out the full Q&A session with members of the research team here (about 40 minutes):https://medium.com/media/bc820813a688e1b413275c3e76649835/hrefIOTA Research Summit 2019 was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Trustnodes: Half a Billion Worth of ETH Vote in Favor of ProgPoW, is Ethereum Really Changing its Algorithm?
Some three million eth are currently voting in favor of a proposed algorithmic change of ethereum’s Proof of Work (PoW) with the aim of removing asics from the network. 2,926,304... The post Half a Billion Worth of ETH Vote in Favor of ProgPoW, is Ethereum Really Changing its Algorithm? appeared first on Trustnodes.
The bearish pressure continues to mount across all crypto markets. This is not entirely surprising, as it has been brewing for quite some time now. The XRP price, for example, is losing a lot of ground fairly quickly. This is primarily because its overall trading volume has receded in the process, which is never a […] The post XRP Price Gets Driven Down yet Community Remains Excited appeared first on NullTX.
The cryptocurrency market has been noting considerable growth over the past few days. Bitcoin [BTC], which has been on a strong bearish market for a record time, has finally caught up with the green market and noted a bullish trend. At press time, BTC was valued at $3,987.76 with a market cap of $69.9 billion. […] The post Bitcoin [BTC] Price Analysis: Bulls look to take over as bearish momentum subsides appeared first on AMBCrypto.
Ripple prices under pressure at 34 cents Instimatch Global partner with R3 Corda Settler Transaction volumes high but could dip in coming days There is consolidation happening in the remittance space, and it is good news that Instimatch Global is partnering with R3 Corda Settler. Yoshitaka’s SBI Holdings is behind Ripple Inc and R3 and... The post Ripple (XRP) Falter, Liquidation at 34 Cents appeared first on NewsBTC.
Decentralize Today: As Interpreted By Donald Trump, The National Emergencies Act Is Unconstitutional
Under Art. I, Sec. 9, the President cannot legally spend any Gov’t money except pursuant to an authorization passed by CongressBy David Grace (www.DavidGraceAuthor.com)The first three articles of the Constitution, respectively, describe the powers of Congress, the President and the Judiciary.Let’s take a look at the powers that the Constitution gives to Congress and to the President.— — — — — — — — — — — — — — — — — — —The Powers of CongressArticle ISection 1. All legislative powers herein granted shall be vested in a Congress of the United States. . .Section 7. All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.Section 8. The Congress shall have powerto lay and collect taxes, duties, imposts and excises,to pay the debts and provide for the common defense and general welfare of the United States;. . .To make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof.Section 9.. . .No money shall be drawn from the treasury, but in consequence of appropriations made by law.The Powers Of The PresidentArticle IISection 1. The executive power shall be vested in a President of the United States of AmericaSection 2. The President shall be commander in chief of the Army and Navy of the United StatesHe shall have power, by and with the advice and consent of the Senate, to make treaties . . . and by and with the advice and consent of the Senate, shall appoint ambassadors, other public ministers and consuls, judges of the Supreme Court, and all other officers of the United States,— — — — — — — — — — — — — — — — — — — — — —That’s all the power the Constitution gives to the President. That’s it.The Constitution Gives Congress, Not The President, Primary PowerUnder the Constitution, the Congress makes all laws, appropriates all money, levies all taxes, and does everything Congress deems necessary for common defense and the general welfare of the United States, and Congress, not the President, possesses all other powers vested by this Constitution in the government of the United States. (Article I, Section 8)The government of the United States may not spend any money except to the extent that the money has first been legally appropriated by Congress. (Article I, Section 9)That means that the President cannot legally spend any government money except pursuant to an authorization passed by Congress.Congress Cannot Change The Constitution With A Simple LawArticle V governs amendments to the Constitution which must be approved by three-fourths of the states.On its own, Congress cannot change the Constitution.Congress Cannot Voluntarily Give Its Power To The PresidentCongress could not pass a valid law giving away any of its constitutionally-granted powers to the President even if it wanted to.That means that Congress cannot pass a valid law saying that the President can make laws, appropriate money, or spend money that had not first been appropriated by Congress.The President Cannot Spend Money Appropriated For One Thing On Another ThingIf Congress passed a law appropriating $1 billion dollars for, say, flood relief, it would be unconstitutional for the President to instead spend that money to buy military equipment, because money can only be spent “in consequence of appropriations made by law” (Article I, Section 9) and the Constitution grants to Congress, not the President, the power “to make all laws which shall be necessary and proper for carrying into execution the foregoing powers.” (Article I, Section 8)Congress Cannot Give The President A Slush FundCongress cannot constitutionally give the President the authority to spend money from a slush fund because “All legislative powers herein granted shall be vested in a Congress” (Article I, Section 1) and “the Congress shall have power . . . to lay and collect taxes, duties, imposts and excises . . . to pay the debts and provide for the common defense and general welfare of the United States” (Article I, Section 8)Any law that said that the President could take money appropriated by Congress for one use and spend it for some other purpose chosen by the President in his/her discretion would be, on its face, unconstitutional as a violation of Article I’s grant of all legislative power solely to Congress.Any law that might seek to appropriate money for a slush fund that could be spent by the President in his/her discretion would similarly be unconstitutional as an attempt to grant powers to the President that Article I of the Constitution vests solely in Congress.If Trump Is Right About What He Is Authorized To Do Under The National Emergencies Act, Then That Law Is UnconstitutionalTo the extent that the National Emergencies Act purports to give the President the power to take money appropriated by Congress for the construction of military bases or take money that the Treasury obtained from drug seizures and spend it on a wall or any other project the President might pick, the Act is unconstitutional because it would purport to give the President the right to violate Article I, Section 9’s requirement that “No money shall be drawn from the treasury, but in consequence of appropriations made by law” and Section 8’s provision that Congress, not the President, shall have the power “to make all laws.”The Difference Between A Dictatorship And A Constitutional GovernmentIn a monarchy or a dictatorship, the King makes the laws and spends the money.Under our constitutional system, Congress, and only Congress, makes the laws, and the Executive branch is only empowered to implement those laws in conformance with how Congress has drafted them.No matter how important some project may be, it cannot be funded or completed except to the extent that the Congress has passed a law authorizing that spending.No matter how important some project may be, if the Congress has refused to fund that project, government money cannot constitutionally be spent on it.The glaring fact that the current occupant of the White House has egregiously failed to understand is that he is a President, not a King.– David Grace (www.DavidGraceAuthor.com)To see a searchable list of all David Grace’s columns in chronological order, CLICK HEREAs Interpreted By Donald Trump, The National Emergencies Act Is Unconstitutional was originally published in Decentralize Today on Medium, where people are continuing the conversation by highlighting and responding to this story.
Dr. Moody Alam is joining IOTA as Director of Research. In this role, Moody will focus on overseeing research at the IOTA Foundation.Dr. Moody Alam is a Chartered Scientist (CSci) with the UK Science Council, and a Fellow of the Royal Statistical Society (RSS) and British Computer Society (BCS). He has been a Visiting Professor in Pakistan and was formerly a Principal Researcher at the University of Oxford. He holds a Ph.D. in Distributed Artificial Intelligence and specializes in designing decentralized protocols for intelligent systems. He has authored over 20 peer-reviewed publications in prestigious conferences and journals. His academic services also include serving on over 15 conference and programme committees and as a journal editor (Advancement in Pattern Recognition, 2018).Moody’s career spans over a decade of research and leading research teams in academia, governments and industry. He is an award-winning scientist who has worked at world-class institutions including Microsoft Research, Cambridge and University of Oxford, and has substantial experience leading technical and cross-functional teams at SMEs and large organizations. His distinguished scientific career is well recognized among the research community and has led to him advising governments and global tech companies on issues ranging from decentralized systems, artificial intelligence, machine learning and smart energy.Moody identifies himself as ‘a scientist with a passion to improve the human condition’. He firmly believes that science can play a much greater and more fundamental role in the future of humanity; well beyond its perceived notion of merely producing technological miracles. He is a strong believer in the power of education and its role in societal reforms and when he is not ‘geeking out’, he spends his time supporting non-profit organizations in this sector.On joining IOTAModern societies require modern mechanisms to enable trust, privacy and cooperation among its constituents. DLTs have great potential to fill this void by providing such mechanisms. This is why I am very delighted to be a part of the IOTA Foundation’s initiative and take on its challenge of developing the next generation DLT. As a scientist, this challenge has everything for me; it is complex, intellectually stimulating and solving it has huge potential and value for our society. However, the most exciting part for me is the not-for-profit nature of IF and it’s inclusive, far-reaching vision of providing the world with the much-needed technology.As Director of Research, my priorities will include bringing transparency, scientific rigour and peer reviews to ongoing research, as well as to substantially strengthen and increase our collaboration with our partners in academia and industry. My immediate goals are to consolidate the existing talents and expertise in our research team and put our department on the path to carry out high-impact and world-class research. I am confident that high-quality research and meaningful collaborations will not only speed up delivering on IF’s mission of developing Next Generation DLT, but also establish us among the best DLT research organisation in the world.”We are very happy to officially announce Moody joining the project. His extensive background in leading research teams at professional organizations, widely recognized contributions to the academic community and his extreme passion will be of great value to the IOTA foundation. Give him a warm welcome!Welcome Dr. Moody Alam to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.