[svlug-announce] SVLUG April 1st meeting: Arthur J. Williams, Jr. on Bytecoin - Linux inside a cryptocoin

WHEN:

Sunday, April 1st, 2018  (note special meeting date!)
7 - 8:30pm



MAIN PRESENTATION

TOPIC: Bytecoin - Linux inside a cryptocoin.

PRESENTED BY: Arthur J. Williams Jr.,
CTO, Bytecoin Enterprises


TOPIC SUMMARY:

Have you been frustrated that you can’t have cryptocurrencies in your
front pocket?  Fret no more, because Bytecoins were designed to overcome
the deficiencies of Bitcoin, such as their not being physical.
Bytecoins are physical coins that you can flip (randomness of heads or
tails is even programmable), and you can use then in vending machines
(coming soon). 

Bytecoins' value are determined by being pegged to the price of Bitcoins
- a Bytecoin is fixed at being 11 Bitcoins.  Investors realize that 11
is better than 8, or even 10.

The security of Bytecoins is enforced in the new, second-generation,
cryptographic signing scheme called the “LintString”.  People didn’t
want the weight of a chain, or the cumbersomeness of blocks, in their
pockets, so they are using lint and lightweight string instead.  Many
folks, especially young boys, often have lint and string in their
pockets anyway.

Bytecoins are fabricated with two embedded processors.  One an ARM
processor that runs Linux and a second, new, Light Execution Generation
processor for the cryptography.  The Chief Architect of Bytecoin
specified that the greatest costs in the Bill of Materials for Bytecoin
are an ARM and a LEG. Bytecoins are durable and encased in Ytterbium.
Why it'll be using Ytterbium will be discussed.

Its noted that the Ytterbium is Free-Trade, Conflict-Free, involves no
child labor, and is minted at a special mine near Abuja, the home of the
CTO, Arthur J. Williams, Jr, our speaker.

Bytecoins are revolutionary in that they are self-minting!  The action
of walking around with a Bytecoin in your pocket produces the power
required for the Bytecoin to cryptographically mint more Bytecoins!
Developers have also tested holding a Bytecoin in your hand and waving
it around madly.  This does generate Bytecoins at a faster rate.
Testing is being done with volunteers in San Francisco where they are
directed to flail their arm around wildly.  "Those too frail to flail
will fail", they are told. 

To support the secure communication required of the Bytecoins, a new
communication scheme was also developed, in conjunction with the NSA,
around the coin and its Byte Media Entropy.  The resulting communication
mechanism is currently being used throughout the US Federal government,
even in the White House, for the most sensitive conversations.  For
example, when President Trump was recently asked to talk with Bob
Mueller, he was reported to have said "Tell Mueller he can Byte ME". The
President is also reported to be using the flipping of Bytecoins for
important decisions. 



ABOUT THE PRESENTER:

Arthur J. Williams Jr. is the CTO of Bytecoin Enterprises. Before
founding Bytecoin, Arthur worked in the Federal prison system 
with the great Dr. Lirpa Loof, and got his start in currencies at the
age of 16 in Chicago. 


LOCATION:

 Cavium cafeteria
 2315 N 1st St. (corner of Charcut Ave.)
 north San Jose

 Directions on how to get there are listed at:
 http://www.svlug.org/directions/cavium.php    <--- maps here!

We've tried our very best for these directions to be accurate.
If you have any improvements to make, please let SVLUG's volunteers
know!  [email protected]


POST-MEETING GATHERING (if you want):

La Victoria Taqueria, 1415 N 4th St. near Gish Road, San Jose.
Go south 0.7 miles on N. 1st St. under US-101, then turn half-left
onto Matrix Blvd., in 0.3 miles a slight right onto N. 4th Street,
0.5 miles to La Victoria on your right just before Gish Road.


We look forward to seeing you there!



_______________________________________________
svlug-announce mailing list
[email protected]
http://lists.svlug.org/lists/listinfo/svlug-announce
_______________________________________________
svlug mailing list
[email protected]
http://lists.svlug.org/lists/listinfo/svlug