AroundTheBlock_

6 ms·

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by AroundTheBlock_ 9y ago
It doesn't. His example is nonsensical. The best use cases for smart contracts are gambling apps (i.e., financial markets, exchanges), escrow services (collateral-based trustless loans), and perhaps some identity services
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by AroundTheBlock_ 9y ago
Actually, 51% of miners can't cause a hard fork (which TheDAO was).
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by AroundTheBlock_ 9y ago
I mean the notion of "exactly" is nonsensical in so many ways, especially when it comes to thinly traded exchanges. I can sell $1 to my friend for $1.10 break the US dollar. Lol.
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by AroundTheBlock_ 9y ago
MakerDAO just launched their token based product, and it's an insanely powerful app, and I use it regularly.
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Ethereum Name Service to Relaunch May 4th(medium.com)
2 points by AroundTheBlock_ 9y ago|0 comments
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by AroundTheBlock_ 9y ago
Ok sure, connect to another node. But a light client is its own node.
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by AroundTheBlock_ 9y ago
No true light client exists. SPV is different. See here a Core dev talking about it. https://www.reddit.com/r/Bitcoin/comments/53bfj6/will_there_... Even your own links says "A Bitcoin implementatio
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by AroundTheBlock_ 9y ago
It is very complex, but also very, very early. No one is pretending that any of this is production ready or user friendly. These are just glimpses into what is being worked on for over the next 5-10 years
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by AroundTheBlock_ 9y ago
No, they're not using the Light Client yet for that very reason, but easily could in the future. But in any case, no crypto wallets are light clients. All Bitcoin wallets, for example, use servers because it's impossible to do Bit
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Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether(money.cnn.com)
157 points by AroundTheBlock_ 9y ago|148 comments
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by AroundTheBlock_ 9y ago
Yep, TheDAO fork represents one of the best things about the community, which is a)ability to make rapid, high pressure decisions, yet still offer fair choice to everyone. People forget that the ETC exists and is viable for anyone who wan
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by AroundTheBlock_ 9y ago
Yep we seriously believe it. It's no more crazy than using crypto for actual money.
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by AroundTheBlock_ 9y ago
Except ETC is hard forking in a few months to change their coin issuance for no reason other than to make their own pockets richer.
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by AroundTheBlock_ 9y ago
Because it's not immediately clear, this is a project developed by Coinbase, but under its own brand. The demo, which is available on the Apple Store and Google Play store uses TestNet Ether for now.
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by AroundTheBlock_ 10y ago
>The analogy to the legal system is that mob rule supersedes (digital) contract law and property rights. That's basically true. I don't dispute that. That's basically how Bitcoin works as well. There's currently a cou
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by AroundTheBlock_ 10y ago
My attitude is neutral. I'm not here to endear anyone. I have zero desire to influence you nor anyone else to purchase and/or use Ethereum. My only purpose is to clear up misconceptions and defend the reasoning behind the hard for
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by AroundTheBlock_ 10y ago
"What's to prevent a similar situation in the future and why should anyone believe that to hold?" Ask yourself if this was a centralized hard fork ordered by up high, or as users we chose to opt in to this change. Clearly we
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by AroundTheBlock_ 10y ago
Great, dont use it. Clearly, others don't share your perspective. That's the beauty of decentralized systems. No one is forcing you to use Ethereum or Bitcoin or anything. But your opinion on its usefulness as an outsider is much
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by AroundTheBlock_ 10y ago
I'll get the dumb stuff out of the way. No, the hard fork for TheDAO did not sacrifice our principles. No it wasn't a centralized bailout. Yes, there were SOME shady things that went down, but all very minor. It was a very confusi
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by AroundTheBlock_ 10y ago
People aren't going to magically sell Eth and buy Bitcoin just because you're spamming the Hacker News thread, Chris.
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by AroundTheBlock_ 10y ago
You're wasting your time. He's Bitcoin's biggest troll.
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by AroundTheBlock_ 10y ago
Chris DeRose, you have no power here. https://www.youtube.com/watch?v=fBGWtVOKTkM
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by AroundTheBlock_ 10y ago
TheDAO is an example of a mistake on the path towards building something better/safer. You don't think airbags have ever killed people? Faulty seatbelts? Did Tesla abandon auto-pilot because of a few accidents? Do I need to go on
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by AroundTheBlock_ 10y ago
Why is it so hard to understand that there will be no magic machine that will fly into space and put satellites that will relay our messages to one another...oh wait...
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by AroundTheBlock_ 10y ago
That is incorrect. The Mist browser forces you to select a choice upon startup. There was no default. Mist is the most popular client.