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> Once crypto assets which track USD, Euro, Yen, RMB pop up with turing complete scripting build in... man that's going to be a different world. Do you mean as
by matthewbauer 12y ago
> Once crypto assets which track USD, Euro, Yen, RMB pop up with turing complete scripting build in... man that's going to be a different world.
Do you mean assets that are pegged to real world currencies? Is that possible with a Bitcoin-based currency?
- iambot 12y agoin theory it is: http://blog.ethereum.org/2014/03/28/schellingcoin-a-minimal-trust-universal-data-feed/ http://blog.ethereum.org/2014/03/28/schellingcoin-a-minimal-...
- TaulantRamabaja 12y agoPeople say that it might be possible with a SchellingCoin like approach, I see too many issues with this approach. I personally believe we'll end up with DPOS [1] based DACs, all with bitUSD/EUR/YEN/RMB/etc with cross-chain trading. Each DAC will have core code specialized for one or two specific tasks (e.g. distributed domain name system, distributed naming system, commons based IP/patent system, lotteries, notary systems, share issuing (most likely in a general Ethereum-like chain), distributed supercomputing and file storage, etc. Ethereum's turing completeness will likely become standard in all DACs at some point (commoditized). Open Transactions [2] will facilitate HFT and non=legal but financially binding cross-border contracts. [1] http://bitshares.org/documentation/group__dpos.html http://bitshares.org/documentation/group__dpos.html [2] http://opentransactions.org/wiki/index.php?title=Main_Page http://opentransactions.org/wiki/index.php?title=Main_Page