5 ms·

I'm happy to answer any follow-up questions here.

by rrecuero 9y ago

stephengillie 9y ago
Are there any plans to incubate coin networks in the way startups are currently incubated?
- rrecuero 9y ago
  Nothing concrete yet...
- discombobulate 9y ago
  I think Science may be an incubator[0]. [0] https://science.tokenhub.com/2017/08/03/startup-incubator-science-could-raise-up-to-100-million-in-planned-token-sale/ https://science.tokenhub.com/2017/08/03/startup-incubator-sc... Edit: stephengillie, can't currently use reply. Think I'm being throttled b/c of my VPN. I guess Bing is your friend here! I've not been keeping an eye out for that particular type of thing (soz).
  - stephengillie 9y ago
    This is an incubator running an ICO to raise funds. Since blockchains appear to be the future of both transactions and applications, I was wondering if any incubators will offer advice, coaching, and support for a Blockchain-as-a-(Platform|Service) startup. Like the Lyft to Etherium's Uber-like presence.
discombobulate 9y ago
Will the crypto system look more biological over time as the loops bias toward certain characteristics & the information processing increases? What do you think will happen wrt token sales & US regulation, in the near term?
- rrecuero 9y ago
  I think Coinlist and SEC approved token sales are the way to go, at least in the near term. Long term, there is the worry that excessive regulation would cripple innovation in these areas. Many companies in the space are already located in Singapore or in the Crypto Valley (Switzerland).
zitterbewegung 9y ago
Are there any concrete uses of a blockchain that have clear advantages than to using a standard database other than cryptocurrencies?
- f00_ 9y ago
  "Factom technology secures data for private and public organizations by publishing encrypted data or a cryptographically unique fingerprint of the data to Factom’s immutable, distributed Blockchain" https://factom.com/ https://factom.com/ the immutability, is unique. "Harmony is a new blockchain base document technology that works with your existing imaging or document management solution to create a secure, transparent, unalterable record for the final loan documents." https://www.factom.com/products/harmony https://www.factom.com/products/harmony This still has a currency, Factoid or something. I don't know that anyone has created a consensus mechanism that doesn't use a coin
- rrecuero 9y ago
  I think one of the clearer use cases is digital identity. uPort, Blockstack and Civic are some of the companies that are trying to address this need.
  - TheDong 9y ago
    Keybase is also addressing that need, but with a traditional database. gpg already solves that as well, again without blockchains. Blockchains do no more for identity gpg. Whether they're more or less usable is debatable.
    - discombobulate 9y ago
      Is Keybase resilient against the country's government in which it resides? How does it achieve this with a traditional database?
      - TheDong 9y ago
        It is resilient to tampering as far as you trust gpg. It achieves this because cryptographic signatures exist fine without blockchains
abtinf 9y ago
What is your view of Hyperledger Fabric vs Ethereum in terms of their approach to smart contracts, networks, and trust?
- CryptoPunk 9y ago
  Hyperledger is not designed to be a public ledger. It's comparable to private instances of Ethereum.
joosters 9y ago
Why do you think tokens make any sense? They seem like the equivalent of gift certificates for specific shops, and just as inconvenient. My money can buy everything, do you think that creating lots of different currencies for specific tasks is really a benefit?
- beambot 9y ago
  Most countries also create their own currencies and monetary policies. It's worth asking, "Why do they do that?" I'm guessing the answer to that question probably has a lot of analogies relevant to cryptocurrencies.
  - nivertech 9y ago
    But some countries also unified their currencies: USD replaced state currencies and EUR replaced most European currencies.
cynusx 9y ago
Do you happen to know a startup working on making it easy to list securities as tokens?
tardo99 9y ago
Let's say a ton of people lose a bunch of money on highly speculative businesses that raise money using ICOs. What is the right response to this? "Tough luck"? Regulation? How is this any different than the wild west days of stock sales prior to the regulations that came about during the great depression in the US?
- rrecuero 9y ago
  ICOs, in general, are really immature. The market is being exuberant and the majority of projects in the space may fail. Many people are taking advantage of the current status. The ecosystem will eventually mature and follow some guidelines learned in the past decades by angels and VCs i.e Doing a small seed round first, proving you are building something people want and then, if you achieve your milestones, you can get to a series A and so on. The ironic thing is that these milestones and progressive rounds are easier to achieve and track with tokens. If the milestone is not met, the smart contract automatically returns the funds to investors.
  - lambdadmitry 9y ago
    >If the milestone is not met, the smart contract automatically returns the funds to investors. That can't work that way. The only way the smart contract can return the funds is if they are locked somehow, but what's the point of raising money then? People raise money to spend them, so they by definition don't have that money and it can't be returned, much less "automatically".

I'm happy to answer any follow-up questions here.

stephengillie 9y ago

Are there any plans to incubate coin networks in the way startups are currently incubated?

rrecuero 9y ago
Nothing concrete yet...
discombobulate 9y ago
I think Science may be an incubator[0]. [0] https://science.tokenhub.com/2017/08/03/startup-incubator-science-could-raise-up-to-100-million-in-planned-token-sale/ https://science.tokenhub.com/2017/08/03/startup-incubator-sc... Edit: stephengillie, can't currently use reply. Think I'm being throttled b/c of my VPN. I guess Bing is your friend here! I've not been keeping an eye out for that particular type of thing (soz).
- stephengillie 9y ago
  This is an incubator running an ICO to raise funds. Since blockchains appear to be the future of both transactions and applications, I was wondering if any incubators will offer advice, coaching, and support for a Blockchain-as-a-(Platform|Service) startup. Like the Lyft to Etherium's Uber-like presence.

discombobulate 9y ago

Will the crypto system look more biological over time as the loops bias toward certain characteristics & the information processing increases? What do you think will happen wrt token sales & US regulation, in the near term?

rrecuero 9y ago
I think Coinlist and SEC approved token sales are the way to go, at least in the near term. Long term, there is the worry that excessive regulation would cripple innovation in these areas. Many companies in the space are already located in Singapore or in the Crypto Valley (Switzerland).

zitterbewegung 9y ago

Are there any concrete uses of a blockchain that have clear advantages than to using a standard database other than cryptocurrencies?

f00_ 9y ago
"Factom technology secures data for private and public organizations by publishing encrypted data or a cryptographically unique fingerprint of the data to Factom’s immutable, distributed Blockchain" https://factom.com/ https://factom.com/ the immutability, is unique. "Harmony is a new blockchain base document technology that works with your existing imaging or document management solution to create a secure, transparent, unalterable record for the final loan documents." https://www.factom.com/products/harmony https://www.factom.com/products/harmony This still has a currency, Factoid or something. I don't know that anyone has created a consensus mechanism that doesn't use a coin
rrecuero 9y ago
I think one of the clearer use cases is digital identity. uPort, Blockstack and Civic are some of the companies that are trying to address this need.
- TheDong 9y ago
  Keybase is also addressing that need, but with a traditional database. gpg already solves that as well, again without blockchains. Blockchains do no more for identity gpg. Whether they're more or less usable is debatable.
  - discombobulate 9y ago
    Is Keybase resilient against the country's government in which it resides? How does it achieve this with a traditional database?
    - TheDong 9y ago
      It is resilient to tampering as far as you trust gpg. It achieves this because cryptographic signatures exist fine without blockchains

abtinf 9y ago

What is your view of Hyperledger Fabric vs Ethereum in terms of their approach to smart contracts, networks, and trust?

CryptoPunk 9y ago
Hyperledger is not designed to be a public ledger. It's comparable to private instances of Ethereum.

joosters 9y ago

Why do you think tokens make any sense? They seem like the equivalent of gift certificates for specific shops, and just as inconvenient. My money can buy everything, do you think that creating lots of different currencies for specific tasks is really a benefit?

beambot 9y ago
Most countries also create their own currencies and monetary policies. It's worth asking, "Why do they do that?" I'm guessing the answer to that question probably has a lot of analogies relevant to cryptocurrencies.
- nivertech 9y ago
  But some countries also unified their currencies: USD replaced state currencies and EUR replaced most European currencies.

cynusx 9y ago

Do you happen to know a startup working on making it easy to list securities as tokens?

tardo99 9y ago

Let's say a ton of people lose a bunch of money on highly speculative businesses that raise money using ICOs. What is the right response to this? "Tough luck"? Regulation? How is this any different than the wild west days of stock sales prior to the regulations that came about during the great depression in the US?

rrecuero 9y ago
ICOs, in general, are really immature. The market is being exuberant and the majority of projects in the space may fail. Many people are taking advantage of the current status. The ecosystem will eventually mature and follow some guidelines learned in the past decades by angels and VCs i.e Doing a small seed round first, proving you are building something people want and then, if you achieve your milestones, you can get to a series A and so on. The ironic thing is that these milestones and progressive rounds are easier to achieve and track with tokens. If the milestone is not met, the smart contract automatically returns the funds to investors.
- lambdadmitry 9y ago
  >If the milestone is not met, the smart contract automatically returns the funds to investors. That can't work that way. The only way the smart contract can return the funds is if they are locked somehow, but what's the point of raising money then? People raise money to spend them, so they by definition don't have that money and it can't be returned, much less "automatically".