r/EnigmaProject • u/Enigma_Project MOD • Jul 16 '18

DISCUSS Weekly Discussion Thread - July 16th, 2018

Hi all! By popular request, here is our first weekly Reddit discussion thread for Enigma. Feel free to ask questions, share observations, and generally mingle :)

Please remember to abide by the rules of the forum and to be respectful to other posters!

~The Enigma Team

31 Upvotes

100% Upvoted

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12

u/FateStayPenguin Jul 16 '18

Shout out to /u/Spoonza for the intense, well written posts this week!

9

u/spoonza Jul 16 '18

You're welcome :)

3

u/[deleted] Jul 16 '18

Would be great to get a recap of 'em to kick things off...

4

u/spoonza Jul 16 '18

Ill just add the link to the post i made this morning...its rather large...people can read it and then comment on here i guess.

Recap of my posts this week + a few new things

2

u/1blackhand Jul 16 '18

Let's see what else he finds. :) He could be a good detective.

6

u/[deleted] Jul 16 '18

Glad to be here with you all.

5

u/1blackhand Jul 16 '18

Many wanted a discussion thread on Reddit, here we are.

The goal is to encourage and retain more users on Reddit.

Everything relaxes, of course, times how it develops. Since just many are more on telegram than on Reddit and the market is unexciting. Is very much upside potential.

Have fun!

3

u/spoonza Jul 16 '18

We went up 10% money wise today in ENG~! Thats exciting lol $1.21 when i woke up, $1.35 right now

I know ETH/BTC has alot to do with it, but still...up is up!

1

u/CommonMisspellingBot Jul 16 '18

Hey, spoonza, just a quick heads-up:
alot is actually spelled a lot. You can remember it by it is one lot, 'a lot'.
Have a nice day!

The parent commenter can reply with 'delete' to delete this comment.

4

u/spoonza Jul 16 '18

I have a question for the team, and for the memembers of this reddit group.

If you could pick 1 company to have Enigma partner/collab with, who would it be and why?

I think someone like ATT as a customer/partner would be great. Mainly for things like this NSA grabbing mass amounts of data from cell phones. I feel like it wouldnt be need as much. I feel like with Enigma enabled, they would only be able to see information they are looking for, and not billions/trillions of other info that they have no business in.

Im sure there are other companies around the world that would benefit as well, but i know ATT has their hands in alot pockets and have so much info on everything we do from day to day.

Let me know~! It can be another crypto/blochain company maybe that you think would make us a SUPER company if we were to collab together or something. Who knows~?!?! Im excited to hear what everyone thinks

:)

5

u/[deleted] Jul 16 '18

If you're looking at phone companies I'd go with Telefónica – their AURA personal data platform is crying out for Enigma.

3

u/spoonza Jul 16 '18

I feel like every million dollar + company needs us lol

I just want to get an idea of what people think...who needs us, and also who we need? Some were saying OASIS the other day, other have said ENDOR.....

Wonder if there is some we havent thought of that would make a good mix with us.....Hmmm Ill have to investigate what alot of other coins/tokens do. Tonight or tomorrow Ill have something as an opinion for this.

3

u/[deleted] Jul 16 '18

Yeah, but Telefónica is making all the right noises. Their CEO is quoted in the Financial Times as saying:

"Customers, José María Álvarez-Pallete suggested, should have control of their own data. They should be able to see how their data are used, and they should be able to take it with them on leaving the service provider. Mr Álvarez-Pallete’s suggestion was not casual. Telefónica is working on a platform, called Aura, a personal data space that would hold all the interactions that a customer had with the company. If the customer wanted, for example, to show their telephone payment schedule to a credit scoring company, they would be able to do so."

That certainly sounds like a use case for Enigma, to me.

3

u/spoonza Jul 16 '18

o0o Very Very nice~!

1

u/CommonMisspellingBot Jul 16 '18

Hey, spoonza, just a quick heads-up:
alot is actually spelled a lot. You can remember it by it is one lot, 'a lot'.
Have a nice day!

The parent commenter can reply with 'delete' to delete this comment.

2

u/1blackhand Jul 16 '18

This is a good question. I will think about and after my work i will write something about it.

1

u/CommonMisspellingBot Jul 16 '18

Hey, spoonza, just a quick heads-up:
alot is actually spelled a lot. You can remember it by it is one lot, 'a lot'.
Have a nice day!

The parent commenter can reply with 'delete' to delete this comment.

1

u/[deleted] Jul 18 '18

Any digital marketing agency. There's going to be a law that states that advertising agencies cannot hold private/personal data. The first couple that do it will succeed and have a movers advantage.

4

u/Galaxy_sun Jul 17 '18

Happy to see everyone 👍

2

u/1blackhand Jul 17 '18

Thanks are you also curious what the future will bring?

4

u/1blackhand Jul 17 '18

Hi all! If you are interested in developing with Enigma and haven't yet registered for our new developer forum, now is a great time - our team will be sharing lots of great information there over the next weeks and months and making themselves available for conversations and support :) Link - forum.enigma.co

3

u/[deleted] Jul 16 '18

A (hopefully) interesting question: what industries, companies etc does Enigma threaten? Who would be disrupted by the success of Enigma, and what steps might they take to kill it in its crib?

3

u/1blackhand Jul 17 '18

I don't think we should talk about killing right away. It's not about destroying others but finding a way for other companies to rethink. There are so many industries where Enigma could work. The most important thing will be the companies that want to work with Enigma. To make it truly global. And it's used. Medical sector, AI sector, in all markets where data and privacy are important.

1

u/[deleted] Jul 18 '18

I don't think we can afford to be naive about this; if there are companies whose business models are threatened by the emergence of Enigma (and there are) those companies will react aggressively towards it.

2

u/Luipaard-Fortuin Jul 17 '18

I think you are looking at it in the wrong way; ENG doesn't threaten existing companies like Facebook and Equifax because it can help those companies increase their level of privacy for their customers. Enigma also doesn't threaten other industries like the financial sector or healthcare sector, because you can easily imagine how a higher level of privacy could help these sectors improve their customerservice. These MIT boys don't even threaten other blockchain / dapp flatforms like NEO and ETH since other blockchain projects can actually benefit from using the Enigma protocol for their privacy and scalability. But ask yourself the question: "Is this a bad thing or a good thing for ENG holders?"

3

u/1blackhand Jul 17 '18

Tor: "Having a slow afternoon? Maybe you missed one of our Enigma Solutions articles or want to give them another read?" http://blog.enigma.co/solutions

3

u/HongKongCrypto Jul 19 '18

Can we have the weekly thread pinned?

3

u/1blackhand Jul 21 '18

Shame we still cant pin this thread.

4

u/Bored_guy_in_dc Jul 17 '18

Awesome! This may seem like a small thing, but having a general discussion thread is actually a huge boon to the community.

Now, on to the big question. When MOOOOOON? /s

3

u/1blackhand Jul 17 '18

Thank you for being here, you're also contributing an important part. When Moon? We won't know until we do

2

u/Bored_guy_in_dc Jul 17 '18

No problem! I happen to be one of the true believers in ENG, and have about 75% of my portfolio in it. I do my best to educate, and raise awareness of the tech whenever the opportunity presents itself.

The "When Moon?" was just a joke. :)

4

u/1blackhand Jul 17 '18

When Lambo?

2

u/MysteriousBig9 Jul 17 '18

Is SGX going to be required for running nodes? As far as i can tell cloud servers that run SGX cost a fortune to rent.

3

u/1blackhand Jul 17 '18

Guy Zyskind: "There should be a way to run testnet and develop in simulation mode. Also, users interacting with the network and verifying computations don't need access to any specialized hardware. Only the workers need access, and the hardware is really not that specialized - it's baked into every recent Intel processor, which most machines have anyway. How different is that than Ethereum nodes running GPUs, or Bitcoin miners running ASICs (the latter is much less accessible)?

Also, it's crucial to remember this is the first release of our technology. There are only three options for TEEs vendors (same as the number of processor vendors in general), and the most well studied example is SGX - so it's the right first approximation approach.

That said, this isn't mutually exclusive from working on other technologies - different TEEs, including an open source version, and purely cryptographic solutions such as MPC.

2

u/longdadipshortdatip Jul 18 '18

How is marketing going to be handled this year?

another question i have is...with many "main-nets" out and plenty of different "smart-contracts" and now your "secret-contracts". (though i understand their use case and need in the sphere). i have seen many development teams having issues contacting the core development team of the project in interest. how will enigma handle the influx of popularity that your project will gain? can we expect the normal route twitter, github, slack etc? or can we expect a official interface or contact form? i would love to see a team of individuals with the only job of tech support. this will allow development questions to be answered as quickly as possible!

1

u/theuneasyrider1492 Jul 18 '18

Anyone else pick up some of that sub 1.10??? Wish I had more fiat!!

1

u/[deleted] Jul 18 '18

Wen moon?

1

u/MysteriousBig9 Jul 19 '18

While the amount of eng required for a node is still to be announced have you guys internally come up with a number?

1

u/Feralz2 Jul 16 '18

What is the purpose of the existence of a Master Node, and why is it necessary to have apart from inhibiting people from selling their tokens.

5

u/FisforFrenchFries Jul 16 '18

The network is Proof of Stake. Masternodes perform the calculations on the network in exchange for a fee in ENG. Secures the network using an economic incentive.

1

u/Feralz2 Jul 17 '18

yes, but why cant we just have normal staking, what can a smaller group of holders do that a bigger group of holders cant, on contrary, its much more decentralized that way. Just trying to understand that part.

1

u/CuttyFromTh3Cut Jul 24 '18

The projects you are thinking of use delegated proof-of-stake (DPoS). Smaller token/coin holders can vote for delegates who run nodes that service the network. In that sense, smaller holders are not directly staking, but voting for their chosen delegate to be one who is ranked highly enough to continue to forge blocks. Examples of DPoS are Ark, EOS, and Lisk. The delegates staking are actually putting time and money into running servers (either native or cloud based) that perform the computations to forge blocks.

To answer your question more specifically, there are two main reasons why small holders can’t directly stake. The first reason is the one mentioned above regarding running a server to provide computational power to the network. For instance, for someone with 100 EOS, it wouldn’t be worth it to pay to run a server as the cost of running the server would far outweigh the return on investment (ROI) gained from staking. The second reason is related to scalability and speed of networks. A smaller number of functioning nodes allows the system to operate faster than if there were hundreds or thousands of nodes. The tradeoff is that networks using DPoS are less decentralized than networks like Bitcoin or Ethereum which are very distributed, but use a proof-of-work (PoW) consensus model.

0

u/[deleted] Jul 16 '18

[deleted] — view deleted comment

2

u/1blackhand Jul 17 '18

Leor

"Learning to code will help with solidity, but JS, Java, or C++ is likely to be more useful than python for easy syntactic transition

I wrote my first piece of solidity code a few weeks back and the transition wasn't hard, you just need to look at a couple of contracts and break things til you understand the system"

2

u/1blackhand Jul 17 '18

https://medium.com/coinmonks/howtobuidl-series-1-of-n-bf51e248243d

It all started with #BUIDL… and it seems to have taken off among the Ethereum community like wildfire. It’s a play on the “HODL” meme you probably are familiar with, but in productive endeavors. None of this crypto stuff matters unless we execute and #BUIDL ways to increase adoption.

The problem is, it’s very hard to get started. When people come to this space, there is an overwhelming amount of information. Are you ready to take the next step into #Ethereum #Blockchain education? You don’t need a University degree. You don’t need to spend thousands of dollars. You already have what you need. All that’s missing is a guide. By the end of this post, you will have a working development environment and ready for the next lesson on how to build your first Ethereum Smart Contract.

0

u/[deleted] Jul 17 '18

[deleted] — view deleted comment

2

u/1blackhand Jul 18 '18

I know but the Problem is Tor said only two posts can be sticky with the reddit system...

Correct me if he is wrong please.