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Ethereum has no "play" here, it isn't a platform made for token sales (aka "icos"), it's a generalistic platform that happens to have projects that do this sort

Ethereum has no "play" here, it isn't a platform made for token sales (aka "icos"), it's a generalistic platform that happens to have projects that do this sort of token sales.

fny 9y ago
The Ethereum founders do: they've managed to turn themselves into a certification/approval stamp of sorts. I've seen them slapped on as advisors for umpteen of these ICOs. If I were them, I'd create a regulatory company and take a cut for "Ethereum-approved ICOs."
- heliumcraft 9y ago
  And a lot of those were actually fake / without any sort of authorization. Some projects also just put ppl as a "advisors" because they answered a question that one time. Btw, Given is the number of Ethereum founders is small, you're probably referring to some of many devs working for the foundation as contractors.
- drcode 9y ago
  Vitalik has conceded this was a mistake and has stated he will no longer have any formal role in outside ethereum businesses. He also stated that he was not paid for any of these advisory positions he held.
  - almostApatriot1 9y ago
    He is 'invested' in a lot of these coins though. Seems to be able to own them before they ico. HMMM
  - petertodd 9y ago
    I've personally seen the price sheets for what he's billed out per hour, and sat through advisory work meetings with him. While it's possibly he wasn't officially paid for those specific ICO advisory positions, he certainly was getting paid for advisory work.
    - drcode 9y ago
      Yes, he meant specifically for ICO advisory positions. Certainly (like almost every other developer) he has been paid for contract work/consulting for some project at some point.
kang 9y ago
>happens to have Sorry but ethereum has no use case, nor is technically ethereum's architecture makes distributed computation possible or even is decentralised. There is not one single dapp that is decentralised and working.
- nicksdjohnson 9y ago
  > There is not one single dapp that is decentralised and working. Sure there is. ENS, for one example. Plenty of gambling apps for another (I don't find them particularly _compelling_, but they are there and they do work)
  - kang 9y ago
    ENS is a great example of a centralised system plus its only about eth based names, no application other than just a method by to collect money by the platform for offering services that are only about the platform and work in the platform.
    - nicksdjohnson 9y ago
      What's centralised about ENS? Also, it can be used to resolve any resource you want - although you're shifting the goalposts, since that wasn't originally a requirement.
      - kang 9y ago
        1. the whole blockchain it is based on 2. root signatures in ENS
        nicksdjohnson 9y ago
        Okay, I'll bite. What's 'centralised' about Ethereuem, without twisting the word beyond all recognition?
    - chejazi 9y ago
      ENS is implemented as a set of smart contracts with some multisig management. Are you arguing that this is centralized? Also, money that is collected by the ENS contracts is only held as a deposit.

Ethereum has no "play" here, it isn't a platform made for token sales (aka "icos"), it's a generalistic platform that happens to have projects that do this sort of token sales.

fny 9y ago

The Ethereum founders do: they've managed to turn themselves into a certification/approval stamp of sorts. I've seen them slapped on as advisors for umpteen of these ICOs. If I were them, I'd create a regulatory company and take a cut for "Ethereum-approved ICOs."

heliumcraft 9y ago
And a lot of those were actually fake / without any sort of authorization. Some projects also just put ppl as a "advisors" because they answered a question that one time. Btw, Given is the number of Ethereum founders is small, you're probably referring to some of many devs working for the foundation as contractors.
drcode 9y ago
Vitalik has conceded this was a mistake and has stated he will no longer have any formal role in outside ethereum businesses. He also stated that he was not paid for any of these advisory positions he held.
- almostApatriot1 9y ago
  He is 'invested' in a lot of these coins though. Seems to be able to own them before they ico. HMMM
- petertodd 9y ago
  I've personally seen the price sheets for what he's billed out per hour, and sat through advisory work meetings with him. While it's possibly he wasn't officially paid for those specific ICO advisory positions, he certainly was getting paid for advisory work.
  - drcode 9y ago
    Yes, he meant specifically for ICO advisory positions. Certainly (like almost every other developer) he has been paid for contract work/consulting for some project at some point.

kang 9y ago

>happens to have Sorry but ethereum has no use case, nor is technically ethereum's architecture makes distributed computation possible or even is decentralised. There is not one single dapp that is decentralised and working.

nicksdjohnson 9y ago
> There is not one single dapp that is decentralised and working. Sure there is. ENS, for one example. Plenty of gambling apps for another (I don't find them particularly _compelling_, but they are there and they do work)
- kang 9y ago
  ENS is a great example of a centralised system plus its only about eth based names, no application other than just a method by to collect money by the platform for offering services that are only about the platform and work in the platform.
  - nicksdjohnson 9y ago
    What's centralised about ENS? Also, it can be used to resolve any resource you want - although you're shifting the goalposts, since that wasn't originally a requirement.
    - kang 9y ago
      1. the whole blockchain it is based on 2. root signatures in ENS
      - nicksdjohnson 9y ago
        Okay, I'll bite. What's 'centralised' about Ethereuem, without twisting the word beyond all recognition?
  - chejazi 9y ago
    ENS is implemented as a set of smart contracts with some multisig management. Are you arguing that this is centralized? Also, money that is collected by the ENS contracts is only held as a deposit.