General Summary
It’s been about a month since the last GOAT statement (1) so it’s time for another one and we have some exciting things to share and some challenges to mention.
I have not gotten back to all the emails Voat has received so if you haven’t heard back from me please note you are on the list.
.NET Core Port (Cross Platform Voat)
We’ve been pushing very hard on porting Voat to .NET Core, as this will give us the most opportunity to cut costs and get more hands and help from the development community.
Today we have major news:
Voat has been successfully ported to .NET Core! (2)
Today’s commit took care of the last few failing unit tests. What originally was estimated at three months of work was accomplished in less than a month.
What a great day for this milestone to take place as today is my 3 year anniversary since I registered and then shortly afterwards started “working” for Voat. (3)
Anyways, it’s official, the upcoming version of Voat can be run on an entirely open source solution.
Unit Test Runs Using Various Configurations
Voat Core Port - Sql Server on Memory Cache
Voat Core Port - Sql Server on Redis Cache
Voat Core Port - PostgreSql on Memory Cache
Voat Core Port - PostgreSql on Redis Cache
The next step is to get Voat running a preview build so we can start having users test what works and what needs fixed. This should happen this week sometime. Please pay attention to v/voatdev for updates on this.
Finances
Revenue: 2017-05-22 – 2017-06-19
Store Revenue: $2,628.00 USD
Expenses: 5/1/2017 – 5/31/2017
Hosting: $7,005.23 USD
Monthly Misc: $200.00 USD
Yearly Misc: $105.00 USD
Please note that I did not scale down Voat’s hardware as I previously stated because at the time of that announcement reddit’s r/The_Donald was rumbling with discontentment and I couldn’t justify doing it during a potential growth opportunity (4). After this awkward advance and retreat, I still held off because Voat’s primary webserver CPU during peak times is maxed out.
While all my attention has been put into the .NET Core port, I will be spending this week figuring out where to cut costs in the short run.
Processor Shut Down (Why BitCoin Matters)
Voat’s primary credit card processor has decided, for reasons unknown, to discontinue their relationship with Voat. While they did claim that it was due to “risk”, I can only speculate as to the reasons. This means I will have to spend time looking for another processor which brings up all my memories of what PayPal did to Voat. On July 14th 2017 they will stop processing our store orders.
And thus, I am going to make a proclamation that each of you as Goats need to be educated on digital currency such as BitCoin. Decentralized currency such as BitCoin shifts the power structure from large conglomerates to you as an individual. It will increasingly become more and more important as our society moves to an entirely cashless model.
Bitcoin and related technologies provide a financial freedom that we should all embrace and exercise as much as Freedom of Speech.
All merchandising is put back on hold until we regroup from this setback.
Footnotes
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I will get on a regular schedule after this month by posting a GOAT statement on the 1st (or closest business day after) starting next month. First GOAT Statement if you missed it.
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This means all the unit tests are passing which is a close indicator that the majority of the code is correctly running and reliable. There are still functional issues and bugs, mostly with the UI, that need to be tested and fixed.
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Thank you everyone for the well-wishing on this day. I posted a comment about this earlier here: https://voat.co/v/OneTruePutt/1943481/9567603
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I want to apologize for asking you Goats to be nice to the new kids. While I don’t agree with scaring the hell out of new people to Voat, I also see why it’s important to not compromise on the values we hold. So, for those that I upset, I do apologize.
Canary
https://voat.co/v/announcements/1330806
view the rest of the comments →
go1dfish ago
/v/Bitcoin is willing to help anyone who needs an introduction to the wonderful world of cryptocurrency in whatever form.
Bitcoin is kind of expensive to send for typical donations amounts at the moment @puttitout you may want to setup ethereum/litecoin addresses as well to help mitigate this.
Edit:
https://www.youtube.com/watch?v=JceL50sL1fA
https://www.youtube.com/watch?v=zEQ2nPSL5-0
Other related subs:
glugglug ago
I wouldn't trust Ethereum, at all. It's hyper-inflative by design, and was most likely created by big banks as a way to devalue the digital currency market so badly that it scares people away.
InfoTeddy ago
Any sources and/or arguments to back this up?
glugglug ago
As far as why it's hyper-inflative: Bitcoin is designed such that there are a finite number of bitcoins possible to mine, and as more are found the remaining ones become more computationally expensive to find. After that point if it becomes more popular, existing bitcoins need to be subdivided to make smaller transactions rather than decreasing the value of each country.
Ethereum, on the other hand, has an unlimited number of minable ethers, which don't get more computationally expensive as more are found. Since computing power follows Moore's law (doubling every 18 months), that means that even without more people actively trying to find new ethers, or hardware coming out optimized specifically to mine them, it will have a ~60% inflation rate. I know people think Moore's law is dead... They are wrong. Between AMD becoming competitive again and making Intel react, and the promise of memristive memory from HP and Samsung (which the specs of Intel's new 3D Xpoint suggest it might be using), it is back with a vengeance. In fact, if memristors live up to the HP announcements from 2012, we will be greatly exceeding that doubling every 18 months for the next decade or two.
As far as Ethereum being backed by banks: https://www.google.com/amp/amp.timeinc.net/fortune/2017/02/28/ethereum-jpmorgan-microsoft-alliance/%3Fsource%3Ddam
draegspir ago
Ethereum will have a finite cap once they switch from Proof-of-Work (the way Bitcoins are mined) to Proof-of-Stake, capping the number of coins to around 100 million. That is roughly x5 Bitcoin's total cap, but that will be a moot point since it will also end up as a deflationary asset.
Also, Ethereum is not only backed by banks, they are backed by many technology institutions as well such as Intel and Microsoft as seen on their main page. Many businesses running large in-house networks are seeing the upside of a blockchain-based network, and Ethereum seems to be the best model thus far. That's why even institutions such as banks are looking heavily into the technology because it saves them money.
Bitcoin is awesome and paved the road to blockchain technology, but I would also recommend you pay attention to Ethereum, because that may be the platform where the next truly decentralized Voat exists!