SiGMA Group are delighted to be supporting the newly formed CryptoFireAlliance which aims to raise AUD$50m upwards from the global AI, blockchain, crypto, and DLT communities. Australia is burning and we all need to send funds, help and support to prevent further climate disaster in the region.
Details of the fundraising activity can be found at the Crypto Bushfire Fundraiser webpage, which states: “Australia is in the grips of an ongoing bushfire emergency. We’re challenging the global crypto community to unite and help out, and raise funds quickly to help fight those fires. Cryptocurrency funds raised will be converted into AUD and donated to the NSW Rural Fire Service Association (RFSA).”
You can support the firefighting efforts using a range of digital currencies, including Bitcoin, Ethereum and XRP. Please transfer any funds you wish to donate to the appropriate address below.
HiveEx.com will convert funds raised into Australian dollars and donate them to the RFSA. (As this effort grows, they may look to add additional charities that can be supported for related causes).
As always, please double-check that you have entered the correct address before transferring any funds.
BTC: 3BVTfsVNnugTqhPmxZ5NLifSv5g5DCyA6p
ETH: 0xFf70AC142A9D359BdE8391D10cc017C77E6e397c
USDT (ERC20): 0xFf70AC142A9D359BdE8391D10cc017C77E6e397c
USDC (ERC20): 0xFf70AC142A9D359BdE8391D10cc017C77E6e397c
XRP: rJwEcbDJps4FW51i1NBPg21mKcrJG7f4ez
BCH: qquleg8r4mqfjkln6ffw85jefdnpdtzcwu55k40fs2
LTC: M8yUhFBbJH1yQ7CeNBhs9UkfvMuoGxMvKC (please note: M-address format)
DOGE: DTKX1xsaaqowjFjnNidLUxDNDyGMDAT2GS
More details about the fundraising activity and the companies supporting the initiative can be found at https://www.finder.com.au/crypto-bushfire-fundraiser
There’s also a video below from HiveEx explaining the charitable action:
Our video production team have been a busy crew in 2019, creating 100s of videos to keep you informed about the AI & blockchain sector. As well as having world class speakers giving insights and opinion at our two AIBC Summit events in Malta this year, we’ve also kept in touch with our leading selection of globetrotting AI and blockchain experts on our AIBC Summit Youtube channel. In addition, we’ve been interviewing our world-beating clients from the sector, getting the inside story on where the industry is headed in the next few years, and how they’re changing the world in the process. We’ve even got our very own Eman Pulis giving his unique insights on the world view, all so you can stay informed about the biggest and best stories in the industry. You can watch all the videos on our Youtube channel.
But do people know how they’re converging and the exciting possibilities that lie on the horizon? The biggest “block” to blockchain’s steady march towards widespread application and implementation is still uptake by the wider public. It’s crucial for the two industries to address the knowledge gap that separates the people behind the wheel from those in front of the screen.
As we meet and mingle in these amazing hubs of ideas and networking, we need to focus on making the technology accessible to the people who our business depends on, plus the future generations who will have a crucial role in shaping and developing it. Online casinos that use bitcoin as a payment method are easy to find nowadays.
The crypto revolution has enabled these outlets to incorporate money transfers involving bitcoin and other cryptocurrencies into their user interface. And that’s a definite tick in the box for crypto fans who are enjoying the benefits of banking with crypto coins. However, these bitcoin casinos are using blockchain only for money transfers.
Users might still be thinking that that’s all there is to gambling with cryptocurrency – the convenience of placing a punt with a crypto wallet. But a true “blockchain casino” should fulfil a much broader variety of functions than what we currently have with online casinos that accept cryptocurrencies.
In this scenario, players can verify that the outcome of any casino game is legit in lieu of having to trust the centralized casino to present fair results. Although the process is still slow and cumbersome due to the technology being in its infancy, the concept of “provably fair” gaming is quickly spreading. A Short Comic Strip about “Provably Fair” Gaming.
Imagine you’re in a casino gaming floor with a string of vending machines connected to each other and regular slot machines scattered around. The vending machines are not controlled by the casino. They run independently of the establishment.
Before you start betting, you get a scratch card from the casino reception desk. This card has a secret number created by the casino behind its metallic strip. You can’t see it yet, but it’s there. And nothing and no one can meddle with it now, because it’s in your hands. This is the casino’s signature, key, fingerprint… Call it whatever you like.
Then you go to any one of the vending machines, which gives you another scratch card. But this one’s a bit special. It’s a “build-your-own” one, since you’re the star of the show in this set-up. It comes with a random number penciled on it, but you can erase it and write another number if you want to be extra sure it’s a totally random number.
And if that’s still not enough, you can rub it off again and pencil in a harder number. Repeat for as many times as you like. Once you’re happy with the randomness of it, the vending machine prints a metallic strip on top of your creation. That’s your scratch card with your secret number for the bet.
The machine reads what’s under the metallic strips. Thus, creates a new one combining both these values, plus an additional string of random numbers. By the way, all this activity isn’t just recorded by the vending machine you’re dealing with. It’s registered and stored by all the other vending machines connected to it, so anyone who’s using vending machine B can still see what vending machine A has been up to.
And because all of them are interconnected and there are others in other parts of the world which are also connected to this network, the system can never go down. So you take the super scratchcard and proceed to a slot machine to make your bet. The slot machine is programmed to generate a number for each spin, like a bet ID. This is shown on the slot machine’s screen.
Also, it pulls data from the casino reception desk about the secret number used for the scratch card, which becomes part of the bet ID. Plus data from the vending machine. This includes the number on the scratch card you created. Plus, the random number added to these. This is to form the super scratch card number. It’s finally time to scratch your supercard!
The numbers on the super scratch card and the bet ID on the slot machine screen have to match. What’s crucial is that the bet takes place after the casino hands you the scratch card with the secret number. So if the casino decides to cheat and modify the number given to you on the scratch card in the time it takes you to make a bet, it’ll change the bet ID shown on the slot machine.
You’d only have to look at the super scratch card in your hands to verify that the bet ID is false. This invalidates the bet. Meanwhile, the vending machines have been monitoring all this stuff in the background. With the power of all of them stacking the evidence in your favor (and the power being distributed amongst countless vending machines under no single ownership), you can get your invalid bet refunded from your vending machine straight away.
No need to walk up to the casino reception desk and demand a refund against their will. And here’s the key to the analogy: the vending machines are the blockchain, the casino reception desk is the traditional, centralized form of the casino we’re all used to, and the slot machine is a prototype of provably fair games in their current state. And you, sir or madam… are the iGaming superuser.