China’s Uber-Killer Didi Suffers $1.6 Billion Loss, Begins Complete Overhaul With 2,000 Layoffs

Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $ 1.6 billion loss in 2018. Cheng Wei, Didi’s Chief Executive Officer, told management that the layoffs are necessary if the company is to remain profitable and ward off competition from some new entrants in the Chinese ride-hailing industry. Wei also reportedly confirmed that following the layoffs, Didi would ensure the improvement of its core mobility service, while ceasing operations in units that are considered to be “non-essential” to its

The post China’s Uber-Killer Didi Suffers $ 1.6 Billion Loss, Begins Complete Overhaul With 2,000 Layoffs appeared first on CCN

News – CCN

Seriously all crypto exchanges: You all goddamn live and breathe on the back of blockchain technology, so why the ever living jesus fuck do I have to send a complete stranger on your support chats, all my ID details. Why can’t you use some other blockchain-based privacy method that’s less shit

Seriously all crypto exchanges: You all goddamn live and breathe on the back of blockchain technology, so why the ever living jesus fuck do I have to send a complete stranger on your support chats, all my ID details. Why can't you use some other blockchain-based privacy method that's less shit submitted by /u/funkidredd
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Bitcoin – The Currency of the Internet

Summary of the May 18 MIT L2 Summit, discussing layer two scaling, complete with description and links to presentation videos (+ my top 3 favorites)

List also available on Twitter: twitter.com/SomsenRuben/status/1018052262759821312

  1. Introduction (Neha Narula, Director MIT DCI). Presenting an argument why L2 scaling matters (on-chain doesn't scale). youtu.be/jzoS0tPUAiQ?t=262

  2. The Near Future of Lightning (Connor Fromknecht, Lightning Labs). An overview of lightning, discussing amps, splicing, watchtowers (encrypted blobs). youtu.be/jzoS0tPUAiQ?t=918

  3. Non-Custodial Crypto-to-Crypto Trading (Sharon Goldberg, Commonwealh Crypto Inc.), discussing ideas for decentralized exchanges. youtu.be/jzoS0tPUAiQ?t=2488

  4. Discreet Log Contracts (Tadge Dryja, MIT). An overview of the tech, similar to talks at previous events, and a demo. youtu.be/jzoS0tPUAiQ?t=4321

  5. Using Truebit for verifying offchain computations (Sami Makela, Truebit). Taking computation off-chain and only using the blockchain for disputes. Low on technical details. youtu.be/jzoS0tPUAiQ?t=5944

  6. Panel on State Channels (five participants). Talking about different state channel solutions and how they operate. youtu.be/jzoS0tPUAiQ?t=7849

  7. Interledger, L2, L3, and Beyond (Evan Schwartz, Ripple engineer). A layer between L2 solutions (seems excessive to me). youtu.be/jzoS0tPUAiQ?t=11315

  8. Scriptless Scripts (Andrew Poelstra, Blockstream). Basic overview, plus blind atomic swaps, zero knowledge contingency payments, Lightning payment hops. youtu.be/jzoS0tPUAiQ?t=12965

  9. Building yalls.org with Lightning (Alex Bosworth, Lightning App Dev). Discussing real problems from implementing Lightning micropayments, and possible mitigations. youtu.be/jzoS0tPUAiQ?t=14570

  10. Fireside Chat (Elizabeth Stark, Lightning Labs). Her experience working on Lightning. youtu.be/jzoS0tPUAiQ?t=15969

My three favorite talks (chronological):

  1. The Near Future of Lightning youtu.be/jzoS0tPUAiQ?t=918

  2. Scriptless Scripts youtu.be/jzoS0tPUAiQ?t=12965

  3. Building yalls.org with Lightning youtu.be/jzoS0tPUAiQ?t=14570

submitted by /u/RubenSomsen
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Bitcoin – The Currency of the Internet