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[WSG32] Daily Study Group: Blockchain: Exploring Blockchain Functionality

POSTED BY: Steph Macurdy
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Dave and Steph, Thank you for getting this information to me. Best regards
POSTED BY: Christopher Athaide
Dave Middleton
Dave Middleton
Posted 2 years ago
POSTED BY: Dave Middleton

Thanks for sharing the info with Christopher, Dave. I will get a link to conveniently share the notebooks from last study group, if it's possible.

Again, here is the link to the previous blockchain study group, registration/login required to see the videos. https://www.bigmarker.com/series/daily-study-group-blockchain/series_details
POSTED BY: Steph Macurdy

In the first talk, it was mentioned that there was a tutorial on Cryptography. Can you provide me with a link? Also do we have access to the webinar from the previous blockchain study group that was mentioned? Or at least a copy of the notebooks.

Thank you.
POSTED BY: Christopher Athaide
Dave Middleton
Dave Middleton
Posted 2 years ago

Thank you Leanne. I agree with you that Web3 technologies are relevant, but I am not optimistic about its decentralized future. The big question then becomes: are there any benefits of a centrally-governed blockchain model if it comes to that?
POSTED BY: Dave Middleton

I think there are many benefits for governments to utilize blockchains, along with businesses, and civil society.
POSTED BY: Leanne Ussher

David, thank you for this stark outlook. I totally agree with you. I do think the aspirations of Web3 and the likelihood that we are entering a decentralized democratic economy or social order do seem fragile. But I don't think that this means that Web3 technologies and tools are irrelevant. There have always been reformers and rebels in existence and I don't think they will be pushed completely to the side. Rather, I think there will be a rich ecosystem of debate and experimentation. Maybe not dominating the debate or the outcomes, but still there nonetheless.
POSTED BY: Leanne Ussher

https://www.bloomberg.com/news/videos/2022-11-10/this-bitcoin-downturn-is-different-video
POSTED BY: Charles Maplethorpe

I think these kinds of reports by the media show how confused or intentionally misleading they are.

The FTX situation has n-o-t-h-i-n-g to do with crypto and everything to do with fraud at a centralized exchange.

Conflating the two, rather than highlighting reality, is imo standard operating procedure for the media over the last few decades.
POSTED BY: Steve Lockhart
Dave Middleton
Dave Middleton
Posted 2 years ago

Steph and I would love to hear everyone's position on blockchain and Web3. Where are we going?

Even though I am a strong proponent of the idea of decentralization, blockchain technologies, and token-based economics, I am not optimistic about the future of Web3. I think the concept will be short-lived. Long enough to get us into blockchain technology, but short enough to never deliver true decentralization.

The internet's open communication infrastructure, connecting our own personal devices, is being transformed into walled Big-Tech gardens of subscription-based centrally-controlled cloud-services we call Web2. Web3 will be what web1 one was: a transition to Web4: a centrally AI-controlled iteration of the internet with blockchain technologies and token-based economics.

This is why I am not optimistic: in an age of internet fraud, crypto laundering, data leaks, disinformation, state-sponsored data exfiltration and surveillance, there is a strong push for more centralized control, internet borders (splinter-net) and regulation. I don't expect the current financial institutions to relinquish their control over global finance, just because of a cypherpunk technology. Of course, more and more financial institutions are supportive of a digital currency, but they will use the confusion and ignorance of the public about a decentralized blockchain-based currency to their advantage i.e., to introduce a financial institution-controlled version of it. Democracies are struggling and even the global internet is under threat
POSTED BY: Dave Middleton
Dave Middleton
Dave Middleton
Posted 2 years ago
POSTED BY: Dave Middleton
Dave Middleton
Dave Middleton
Posted 2 years ago

As asked in today's Q&A session, what Bitcoin data source does TransactionData connect to?

It seems that e.g. the number of transactions in the Bitcoin TransactionData is not the same as the number reported in e.g. Bitcoin Explorer.

If you look at this Binance wallet address: 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s , you will find in TransactionData there are: 1198624 transactions:

BlockchainAddressData[
 "Bitcoin" -> 
  "1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s", "TotalTransactions"]

However, Bitcoin Explorer reports: 1,191,631 transactions.

Which transactions source is correct?
POSTED BY: Dave Middleton

Hi David, we are looking into this. I see the same as you.
POSTED BY: Leanne Ussher
Updating Name
Updating Name
Posted 2 years ago

Hi Dave, our technician is continuing to check this, it's probably likely something wasn't updated on our end. Bitcoin Explorer is the correct answer.

POSTED BY: Updating Name
Dave Middleton
Dave Middleton
Posted 2 years ago

At the moment, I use the BTC.com API to get more data from bitcoin. The number of transactions per BlockChainData Dataset in the Wolfram Language is capped and the process to get more is either slow or more complex than using the BTC API.

If Wolfram Research is using the same API, the total number of transactions can be retrieved with the "total_count". If the total number of transactions is off, then so is the total balance.

Bitcoin stores transaction date-times as UnixTime in UTC (GMT-0). Some times in the current BlockchainTransactionData seems off by one hour (as of writing, Nov 2022).

The date conversion in BlockchainTransactonData uses the user's current timezone, not the prevailing timezone offset that corresponds to the historic date.

When I use the BTC API, I convert them with this function I found with the help of this Community:

DateConvert[ux_Integer] := 
 FromUnixTime[ux, 
  TimeZone -> 
   TimeZoneOffset["America/Chicago", "GMT", FromUnixTime[ux]]]

Now all date-times are the same as reported by BTC Explorer.
POSTED BY: Dave Middleton

Looking forward to this new Daily Study Group from Wolfram Blockchain Labs! Participants are invited to bring a media story to discuss on Day 5 (Friday.) See details here.
POSTED BY: Jamie Peterson
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