3 ms·

Radically honest assessment: - BTC volatility makes the contract pricing (budget) and proof of funds a moving target. - Its not even a semi-autonomous smart c

by rrggrr 8y ago

Radically honest assessment: - BTC volatility makes the contract pricing (budget) and proof of funds a moving target. - Its not even a semi-autonomous smart contract, so enforcement requires the same legal expense to enforce as a normal contract. - Jury.io is a year ahead, and I've not checked recently but I believe Allegro is as well. There is no innovation here. I wish there was b/c we could use a fully vetted product like this.

tom_mellior 8y ago
> Jury.io is a year ahead The jury.io that redirects to http://yourather.com/ http://yourather.com/, a toy website? Or did you mean https://juro.com/ https://juro.com/? That's a website where "customers can generate, negotiate and sign contracts through one integrated platform and then learn from the rich data that contracts contain". That's great, but it doesn't seem to be at all what Stochastic wants to do, which is to keep money in escrow until the contract is fulfilled. (I guess you could combine those.) > Allegro is as well Have a link? I do find stuff when searching the web for "allegro contracts", but it turns out that the name is much too generic to guess what you mean.
- kossae 8y ago
  I think the jury.io reference should have been to https://jury.online/ https://jury.online/ ... but only guessing here.
  - rrggrr 8y ago
    Yup. My bad. Correct.
  - tom_mellior 8y ago
    Right, but that's just an escrow service for ICOs, not for any other type of contract, no?
r32a_ 8y ago
We are aware of the price volatility issue, this problem is widespread in all of crypto. There are ways around this issue this issue. We are currently only doing fixed price contracts. However, it is possible to create other types of contracts like a Fixed Price + Variable contract. The variable can be the USD/BTC exchange rate and Stochastic can act as an Oracle to the smart contract. I agree escrow and contracting application aren't anything new in Bitcoin but so far no one has been able to make it work. As for Jury.online, I wish them success, but I don't think we are in the same space. I see Stochastic closer to traditional contract management software like Conga and GateKeeper

by rrggrr 8y ago

tom_mellior 8y ago

> Jury.io is a year ahead The jury.io that redirects to http://yourather.com/ http://yourather.com/, a toy website? Or did you mean https://juro.com/ https://juro.com/? That's a website where "customers can generate, negotiate and sign contracts through one integrated platform and then learn from the rich data that contracts contain". That's great, but it doesn't seem to be at all what Stochastic wants to do, which is to keep money in escrow until the contract is fulfilled. (I guess you could combine those.) > Allegro is as well Have a link? I do find stuff when searching the web for "allegro contracts", but it turns out that the name is much too generic to guess what you mean.

kossae 8y ago
I think the jury.io reference should have been to https://jury.online/ https://jury.online/ ... but only guessing here.
- rrggrr 8y ago
  Yup. My bad. Correct.
- tom_mellior 8y ago
  Right, but that's just an escrow service for ICOs, not for any other type of contract, no?

r32a_ 8y ago

We are aware of the price volatility issue, this problem is widespread in all of crypto. There are ways around this issue this issue. We are currently only doing fixed price contracts. However, it is possible to create other types of contracts like a Fixed Price + Variable contract. The variable can be the USD/BTC exchange rate and Stochastic can act as an Oracle to the smart contract. I agree escrow and contracting application aren't anything new in Bitcoin but so far no one has been able to make it work. As for Jury.online, I wish them success, but I don't think we are in the same space. I see Stochastic closer to traditional contract management software like Conga and GateKeeper