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Re-Launching The Borderless, Unkillable Crypto-Fiat Gateway, DAIHard. Enter or Exit Crypto via Any Fiat and Any Payment Method, Anywhere in the World, Without KYC. All you need is a little Dai.

Some of you might recall recall our initial facepalm failed launch about 3 months ago (post-mortem here). Well, we're back--this time with an audit and some new features. This version of DAIHard should should die a little harder this time ;)

The Audit

After shopping around a bit in the auditor space, we decided to go with Adam Dossa--the very same Adam Dossa that actually found our launch vulnerability and responsibly disclosed it to us! You can see his report here. By the way, Adam has been a gem: friendly, professional, timely, and flexible. Definitely keep him in mind if you need an audit!

(Re)Introducing DAIHard

Following is an updated version of our original launch post. If you've already read that, you might want to skip to the heading What's New in v0.9.2. Or you can go straight to the app or go to our info site for more info!
Here is a legitimate concern most of us are familiar with:
To enter or exit the crypto economy, we rely on centralized exchanges such as Coinbase, which track their users, impose limits, and are tightly coupled to their jurisdiction and its banking system. And for all we know, any day now regulations could start tightening these controls further (*we've actually seen some of this play out in the two months since our first launch post). In light of this, can we say in any meaningful sense that crypto is anonymous, limtiless, borderless, immune to regulation, and (most importantly) unstoppable?
To really address this concern, we need a completely decentralized gateway between fiat and crypto: something that extends the benefits of crypto to the very act of moving between the old and new economies. But the design of such a platform is far from obvious.
(Localethereum comes close, but as discussed under Unkillable, it doesn't quite cut it. And Bisq is decentralized, but has significant UX hurdles.)
We believe we've found a solution. We are proud to present:

DAIHard v0.9.2 - Almost Definitely Not Broken This Time

If you want to jump right in, we recommend first watching our latest usage demo (7 min), then diving in and giving it a shot with a small amount of Dai. (Try it on Kovan first if mainnet is too scary!)
DAIHard extends many of the promises of crypto (borderless, anonymous, limitless, unstoppable) into the exchange mechanism itself, allowing anyone, anywhere to bypass centralized exchanges and the control they impose.
More concretely, DAIHard is a platform, run on smart contracts, for forming one-off crypto/fiat exchanges with other users, in which:
Again, our latest usage demo (7 min) shows this process in action.

Two drawbacks

You Need either xDai, or both Dai and Ether, to Use The Tool (At Least For Now)

If you want to buy Dai on DAIHard, you must already have Dai--1/3 of the amount you want to purchase--to put up as a burnable deposit. For example, if you only have 10 Dai now, you can only commit to buying 30 Dai, and must complete that trade before using the newly bought Dai to open up a bigger offer (for up to 120 Dai that time).
Most tragically of course, this means that if you don't already have some crypto, you can't use this tool to get crypto--this is why we avoid calling DAIHard an onramp specifically. This comes from the fact that both parties must have "skin in the game" for the game theory to work, and a smart contract can only threaten to burn crypto.
We have some ideas on how to address this drawback in the not-too-distant future, which we'll write about soon. For now it's time to launch this thing and get some users!

Dangerous and Scary To Use

In rare cases, a user may have to burn Dai and face a loss on the entire trade amount. The necessity of this ever-present risk is explained in detail in DAIHard Game Theory.
However, a cautious, rational user can gather information (possibly via our [subreddit](daihard)!) about how people have used the tool, successfully and unsuccessfully. They can then create a buy or sell offer with wisely chosen settings based on what has worked for others. Other cautious, rational users can find this offer and commit to the trade if they dare. We expect the vast majority of committed trades should involve rational, cautious users, and should therefore resolve happily.
Still, inevitably there will be sloppy trades that result in burns. As the tool is used, we'll be keeping a close eye on the frequency of burns and keeping you guys updated (perhaps via a "System Status" utility similar to the one found on MakerDao's explorer). In the end, though, we expect the risk in using DAIHard to be comparable to the risk of using any exchange or DNM: ever-present but low enough for the platform to be useful as whole.
So, while DAIHard will never shut down and can't perform an exit scam, the bad news is it's not risk-free. Users will have to approach DAIhard with the same level of caution they would with any new exchange (albeit for different reasons and with a different approach).
So what's the good news?

The Good News

While these drawbacks are significant, they enable some remarkable features that no other crypto/fiat exchange mechanism can boast.

Unkillable

(Correction: Bisq seems to have a decentralized arbitration system)
We are aware of no other crypto/fiat exchange platform that is truly unkillable. Bisq and localethereum comes close, but both localethereum relies on centralized processes of arbitration. This means their fraud-and-scam-prevention system can be sued, jailed, or otherwise harrassed--and if that part stops working, it doesn't matter how decentralized the rest of the system was.
DAIHard, in contrast, gives the users the power to police and punish each other, via the aforementioned credible threat of burn. This is simple game theory, and the rules of this game are etched permanently into the DAIHard Factory and Trade contract code: impervious to litigation, regulation, and political pressure.
This Factory contract has no owner and no suicide or pause code. It cannot be stopped by us or anyone else.
Like Toastycoin, this thing was immortal the moment it was deployed (even more immortal than RadarRelay, for example, which does rely on an ownership role). Both DAIHard and Toastycoin (and probably whatever we build next) will last for as long as a single Ethereum node continues mining, and it will remain easy to use as long as someone can find the HTML/JS front-end and a web3 wallet.
(The HTML/JS front-end (built in Elm, by the way, with the lovely elm-ethereum!) is currently hosted on Github pages, which is centralized--but even if Github takes down the page and deletes the code, it's a minor step to get the page hosted on IPFS, something that is on our near-term roadmap in any case)

No KYC, No Limits

It's smart contracts all the way down, so DAIHard never asks any nosy questions--if you have Metamask or some other web3 wallet installed and set up, with some ETH and Dai (or just xDai), you can immediately open or commit to a trade. You don't even need a username!
(In fact, we're so inclusive, even machines are allowed--no CAPTCHA here!)
You're limited only by the collateral you put up, so if you have 10,000 Dai you could open up a buy offer for 30,000 Dai (or a sell offer for 10,000 Dai) right now.
We do reccommend trying the tool out first with a small amount of Dai... But we're not your mom! Do what you want!

Borderless

It simply doesn't matter where you are, because DAIHard doesn't need to interface with any particular jurisdiction or payment system to work. DIAHard works by incentivizing people (or robots?) to navigate the particular real-world hurdles of bank transfers, cash drops, or other fiat transfer methods. These incentives work whether you're in America, Zimbabwe, or the Atlantic; they work whether the fiat is USD, EUR, ZAR, seashells, or Rai Stones; and they work whether your counterparty is a human, an organization, a script, or a particularly intelligent dog with Internet access.

Any Fiat Type, and Highly Customizeable

Here are some examples of the types of trades you might create or find on DAIHard.
As the DAIHard community grows, users will doubtless find much more creative ways to use the system, and we will discover together which types of trades are reliable and which are more risky. Because users can set their own prices and phase timeout settings, we expect the risky trades to charge a premium or have longer time windows, while the reliable ones rapidly multiply at close to a 1:1 price ratio, with quick turnaround times.

Extensible (with profit) by Third Parties

Not satisfied with our interface? Do you have some nifty idea for how to display and organize user reputation? Or maybe some idea for how trades could be chained togeher? Maybe you'd like to design a notification system for DAIHard? Maybe you just want a different color scheme!
Well, you won't need our permission to do any of this. Any tool that watches the same Factory contract will share the pool of trades, regardless of which tool actually creates the trade. This means we don't even have to fight over network effects!
And if you look closely at our fee structure, you might notice that only half of the 1% DAIHard fee is "hardcoded" into the Factory contract. The other half is set and charged by our interface. What does this mean for you? If you go out and make a better interface, you can essentially replace half of our 1% fee with your own fee--it's up to you whether it's smaller or larger than the replaced 0.5%.
The reason for this is to explicitly welcome other developers to extend what we've built. For as long as our team is the only one improving the platform, a threat to us is a threat to future upgrades. But if others begin extending the DAIHard platform too, then DAIHard will not only be unstoppable as it is today, but also grow unstoppably.

(For Real This Time) This Is a Big Fucking Deal

DAIHard is a turning point in crypto and a breakthrough in decentralized markets, and is an irreversible augmentation of the Ethereum platform.
What we've built is a gateway to crypto completely devoid of centralized components--rendering entry and exit to crypto unkillable, flexible, borderless, and private. Centralized exchanges, and the control they impose, can now be bypassed by anyone with Dai and a web3 wallet.

What's New in v0.9.2

There have been many changes made since our first failed launch, but there are two rather important ones: xDai support and reputation tools.

xDai support

DAIHard is now operational on xDai, a sidechain whose native token (xDai) is pegged to the Dai (and therefore $1). Add the xDai network to your Metamask (or just install Nifty Wallet), then switch to the xDai network in your wallet, to try it out. xDai has some pretty incredible benefits, compared to vanilla Ethereum:

Reputation tools

We now have a few reputation tools. First, on any open trade, there is a widget showing the number of releases, aborts, and burns the given address has been involved in as that role (buyer or seller). Clicking on this expands the widget to show more detailed information, and also provides a link to a page that lists each trade this user has been or is involved in.

What's next?

We have tons of ideas on how to improve the product--too many, in fact, to commit to any before we get a good chunk of user feedback. Here are some of our favorite ideas:

Near-Term, Smaller Features

  1. Lots of usability improvements.
  2. A "System Status" utility similar to the one found on MakerDao's explorer).
  3. Marketplace / My Trades rework.
  4. A "QuickTrade" page, offering Trade Templates as an alternative to the current Create Offer page.

Big Exciting Features

  1. Bootstrapping people with no DAI via other mechanisms and community outreach.
  2. Partial commits to trades. eg. Place a 10,000 DAI trade and allow it to be picked up in blocks larger than 500 DAI at a time.
  3. More chains, get this thing working on Bitcoin via Rootstock, on Ethereum Classic and Binance Chain.

Stay Informed!

A lot of the above features will be prioritized more clearly as we get user feedback, and we will be posting fairly frequent updates and articles on our info site. If you don't want to miss anything, note the subscribe widget and sign up!
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Weekly Update: Bitcoin Pizza with 2gether, aXpire in India, BOMB stickers, Opacity beta... – 17 May - 23 May'19

Weekly Update: Bitcoin Pizza with 2gether, aXpire in India, BOMB stickers, Opacity beta... – 17 May - 23 May'19
Hiya everyone! Here’s your week at Parachute (17 May – 23 May’19):

This week’s Parena had a super long finale which saw FlareOfFlame beating Ketan 3:0 to take home the spoils from a 100k PAR pot. The Parachute Shop now has a twitter handle. Check it out now! Congratulations to fellow Parachuter Rene for becoming an admin at Wysker. The latest brainstorm session with Uptrennd revolved around how blockchains will affect our way of life in the near future. Well rounded discussion sesh with some pretty cool thoughts thrown in! We also got to see another gem from Gian’s collection of antiquities. Webster’s dictionaries from 1829 and 1851:

These beauts cost 2 bucks each
Bitcoin Pizza Day was this week. And 2gether had an amazing bounty for its community. Buy pizza with crypto using your 2gether card and share pics. Win 75 2GB in the process. Sweet! If you face trouble while using the app or the card or just have a question or a recommendation, this feature in the app allows to shake your phone and submit your doubt/suggestion. 2gether received the Finnovating FinTech Award for being the most innovative FinTech at Uconference Madrid 2019. Another feather in 2gether’s cap that is already teeming with feathers.

Yum!

Remember aXpire’s guerrilla marketing campaign at Consensus 2019 from last update? As promised, here’s some more pics from it. The team gave away some neat merch to attendees. CEO Gary’s article on how blockchain is impacting the Regulation Technology market was published on Datafloq. Rohit and I also wrote an article on crypto regulations in the EU which made it to Hackernoon. The weekly 10k AXPR burn can be tracked here. aXpire top management was in India this week. Here’s a few pics from their visit. Here’s looking at you aXpire crew:

The front desk looks fresh
The Horizon State community maintains an online repository of AMA reverts and FAQs. Click here to have a look. Q&A from May will be added soon. Horizon State was added to the Blockchain Impact Ledger which is a registry of blockchain projects that make positive social impact. The registry is maintained by Blockchain Trust Accelerator. WandX fans, lookout for the latest update which covers technical improvements (staking architecture, updated dex code) and upcoming milestones. 300 BOMB tokens were given out as part of the BOMB sticker contest. The winning entries came from JimPanze. BOMB was also listed on Coinmarketcap this week. Woot!

JimPanze’s winning sticker set
The Hydro team conducted an AMA with some of the team members answering Q’s on their way to the Malta Blockchain Summit. Biz Dev head Mark Anstead presented the project onstage at the event as part of the AI Startup Pitch. The team was also at the EthNewYork conference showcasing the Molecule platform. If you attended, hope you had a chance to say hi. Switch (ESH) was listed on a new exchange (Dobi) and they marked the occasion with an airdrop and trading competition. Switch’s feature docu on John McAfee will be releasing this August. The official trailer was released this week. Plus, a timely word of caution from the team that signing up for random exchanges is risky.

A few decks from Mark’s pitch on HYDRO
Opacity’s OPQ token was listed on Payfair. What’s OPQ’s utility you ask? This explainer video lays out the token’s use-case and benefits. Closed beta testing of the platform started this week. Sneak peak of the beta can be found in this article. Uptrennd founder Jeff was interviewed by Crypto-Current recently. Watch it here. Like Hydro, Birdchain was also in Malta for the blockchain summit. Click here and here to listen in to their CEO and Founder. WednesdayClub is already on imToken. With their latest submission, you will soon be able to see the full WED token profile on imToken as well. The weekly airdrop post, shares a few updates on the dApp. You can now post on WednesdayClub and share across other social media channels. Nice! As already mentioned in the last update, District0x’s Meme Factory went live. A flash sale for the dankest of memes was also conducted. Have a read of the introduction article to know what the Meme Factory is all about. Cryptoslate featured the platform in their news section. For more on District0x, check out the District Weekly.

The most expensive memes in the Meme Factory marketplace right now
Fantom announced a partnership with Fusion this week. As part of the agreement, Fantom will be using Fusion’s interoperability solution to enable cross chain accessibility for Fantom tech. In line with their interoperability push, Fantom also entered into a collaboration with Binance Chain. Ethos announced that its Bedrock platform (which provides enterprises easy access to blockchain) will be used by its partner Voyager to provide custody solutions in tandem with Ledger. Cointelegraph covered this news as well. As part of its ongoing community engagement, Ethos had an AMA in their Telegram channel and opened up a survey for feedback on upcoming product development. Hope you had a chance to take part. Cardrates’ interview of Bounty0x CEO Angelo came out recently. They discuss on a variety of topics including a details on how bounties work and future development. Tons of technical development have been happening on the platform. For example, faster automated tracking of tweet submissions, updated landing page, Bounty0x in Enjin dApp browser etc. Read more in their company update and micro update.

And with that, we close for this week at Parachute + partners. See you again soon with another update. Ciao!
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General info and list of exchanges for DIPNET (DPN)

Project Discription About DIPNET
With those technologies: industrial Ethernet, AI, 3D printing, Product Life-Cycle Management and block-chain, DIPNET creates a digital copy of physical world, and build a new kind of distribute smart product network. In the DIPNET, manufacturers would respond quickly to the fragmented market demand created by the entertainment industry in such scenario where people could purchase commodities while watching TV and movies, with the help of “Digital manufacturing and design”. Under the trend of social production shifting from “brand-driven economies of scale” to “IP-driven economies of scale”, DIPNET helps the consumer internet to better connect with the industrial internet. Besides, DIPNET blends blockchain technology, distributed smart manufacturing and the upgrading of social production and consumption to create value for the upgrading of the real economy.
Problems of the traditional serial mode of production:
The production cycle and the quality is difficult to guarantee In the entire social production chain, each production unit is an isolated island of information. If there appears any problem in any part of it, then all the subsequent parts need to be started all over again. So, this leads to a very long product cycle from maket research to marketing. What’s more, production units are risk-aversed, greatly limiting the innovation capability of them. At the same time, the perfection of social production is collaborated with several units, organizations and individuals. Once quality problems occur at any of them, it is difficult for us to quickly find where the bottlenecks are.
Low manufacturing flexibility Most producers will devote many resources to improving the automation of their production systems, but the higher the automation level of a production line becomes, the less flexible it tends to be. Replacing product in a purely manual production line only needs to re-train the workers, but in an automated production line, it needs to replace the production equipment and software and even rebuild the production line. Generally, traditional manufactured products are to meet strong demand that “speculated” in advance by the market research. On the contrary, in terms of creativity and design, these products are not necessarily welcomed. The customized products cannot be low-cost rapidly applied. It is difficult to make customized production with large-scale production efficiency.
Wasting of significant resources At the stage of design, production and circulation, business negotiations at various levels and signing off-line contracts will waste significant resources. It is hard for the manufacturer to accurately grasp the market. Manufacturer can only choose one from a large number of design works to produce, for the high mold cost, and many excellent design works never achieve their values. However, in the links of production and circulation, there exists the same waste. Before the production, raw materials transported to the factorys through the logistics sector. During the production process, the major methods are mold casting and machining, but the ability of modeling is limited by the tools used. The more complex of the shape of the object, the higher the manufacturing costs. After the products are produced, they need to be transported all over the world and therefore will occupy many resources such as energy, transportation, storage and manpower.
DIPNET’s blockchain-based solutions
Blockchain the collaboration is a nature of human society. The production management mode in the industrial age is no longer adapt to the mode of production and collaboration in the Internet age. By a technical way, the blockchain solves the problem of trust, which is the core of collaboration. Key blockchain technologies:P2P network and consensus algorithm provide decentralized communication and a model of democratic and equal community-based management model. All data is stored on the public database that is open and cannot be modified or deleted. Encouraging people to cooperate honestly.
Distributed Production It starts a new flat and cooperative rather than hierarchical and top-down structured global emerging industrial market. That brings disruptive changes to the traditional social production. DIPNET gathers millions of people to take care of all stages from design to manufacturing, drastically reducing the production cost. Thereby thousands of individuals and small and medium-sized producers are able to challenge large producers who traditionally have the upper hand.
Entertainment + Smart production Entertainment creates new demand. The whole social production is moving from the brand-driven economies of scale to the IP-driven economy of scope. For example, make all the props in a film become sellable goods, more than just deliberately implant one or two products or selling derivatives. By this way, DIPNET makes the idea that people would purchase commodities while watching TV and movies comes to reality. “Production 4.0”adopted parallel mode of production. That is, having getting through the data of development, design, production, manufacturing, marketing and other sectors, the traditional serial production mode turns to be parallel production mode. Only such full-digital manufacturing model can meet the fragmented needs created by the entertainment industry through scenes.
Smart Contract Paradigm Smart contracts will run in highly constrained VMs. In particular, the communication between contracts will be restricted within the designated collection. And we believe this will make the relationship between the contracts clear, simple and predictable. We standardize the smart contracts to contract paradigms and let the community review them in order to ensure security. And give incentives for bug-reporters and outstanding contributors, to improve the quality of the contract paradigms.
DIPNET offers three established smart contract paradigms initially which are available for users of production network including normal production contracts, inquiry production contracts and bidding contracts. These three kinds of contract paradigms can meet the vast majority of economic transfer needs.
operation team Person Kan Lei THE CHAIRMAN OF DIPNET FOUNDATION Graduated from Beihang University; An advocate of industrial blockchain and entrepreneur; Worked for Siemens, 3M; Early investor of digital currency; The first online celebrity of “Industry 4.0”; Person Real Ma THE EXECUTIVE DIRECTOR OF NORTH AMERICAN COMMUNITY Ph.D of Keith University;Vice President of Quantitative Risk Control Department of Goldman Sachs Group;Ma has long been engaged in the design and operation of financial derivatives and has conducted in-depth studies on financial derivatives and market capitalization of digital currencies. Person Lee sungryoung (South Korea) THE DIRECTOR OF DIPNET FOUNDATION network equipment company C.E.O 10 years;network equipment computing system supply;network equipment organizational management;game broadcasting management;Bitmain mining distribution.
Person Zhou QiaoFeng THE EXECUTIVE DIRECTOR OF JAPANESE COMMUNITY Ph.D of Osaka University and hiring researcher of Osaka University;Modeling algorithm expert;He has long focused on the digital cryptocurrency industry and the combination of industry and blockchain.
Person Xing Miao THE DIRECTOR OF DIPNET FOUNDATION Responsible for the Business Development; Former Alibaba senior business expert; Experienced in strategic consulting and community operation; The early Chinese mainland bitcoin investors, especially in the field of in quantitative trading.
Person Wang Hui THE DIRECTOR OF DIPNET FOUNDATION Responsible for entertainment industry cooperation; Deputy General Manager of Investment and Development department of Guoguang Global Media Cooperation Limited; He has long been engaged in the media, film, television, advertising, communications and technology management and investment for many years and has accumulated rich experience in media operations and network resources. He is also good at the investment and management in pan-entertainment, TMT and other areas.
Person Sun ZanMiao THE DIRECTOR OF DIPNET FOUNDATION Responsible for business model design; Senior Researcher of Industrial Blockchain Laboratory; Chief researcher of Blockchain of the ZUC Entrepreneurship and investment Club; Early investors of blockchain; He has in-depth research on business applications of blockchain, digital asset investment and trading.
Person Qian GongZi THE DIRECTOR OF DIPNET FOUNDATION Responsible for community operations; He has extensive experience in blockchain community operations and has successfully organized numerous intimate investment communities of blockchain aimed at traditional manufacturing entrepreneurs. What’s more, he was supported by 160,000 traditional entrepreneurial resources.
Investors and Consultants Person Cao Yin Cao Yin Partner of Energy Blockchain Laboratory; Chief expert of Blockchain of Cinda Securities; Member of E-Residency Advisory Board of Estonia and Principal; Member of Hyperledger Project of China Working Group; Person 張旭 Zhang Xu Founding partner of Block Technologies; Executive director of Block Chain Application Technology Institute; Core member of the development team of blockchain wallet.
Person Xu ShaoShan Xu ShaoShan Senior engineer of China Quality Certification Center; The director of "resource conservation product certification and government procurement Promotion Office"; vice chairman of the Executive Committee of the International Energy Efficiency Partnership (IPEEC);
Person Yang Chao Yang Chao Executive Director of Digital Capital; An early participant in the Energy Blockchain Laboratory; He has worked for the asset management of SASAC.
Person Li Yuan Li Yuan Founder of SelfSell; CEO of Beijing Xinheyun Technology Company, Ltd; Expert of blockchain technology and solution; Continuous entrepreneur Person Li BoZhi Li BoZhi The founder of the XBTING Foundation; Graduated from UBC University; Li was engaged in investment of well-known blockchain projects; Continuous entrepreneurs;
Person Wan XiaoYan Wan XiaoYan CEO of Tongzheng Technology; Lu ever served as Deputy General Manager of Wuliangye Internet Subsidiary; Angel investor of Blockchain; Person Yu XiaoHan Yu XiaoHan Founder of Ziquan Capital; Ten years of financial industry experience; Director of NEO volunteer council;
EXCHANGE LIST
Binance
Huobi
Kucoin
Bibox
Qryptos
Satoexchange
BIGone
Bitrue
Bilaxy
Bit-Z
Linkcoin
SECURE WALLET
Ledgerwallet
Trezor
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