Jabanga

36 ms·

301.
by Jabanga 9y ago
You can build a mutable payment system on top of an immutable blockchain but you can't build an immutable payment system on top of a mutable blockchain. Without immutability, the blockchain will eventually lose all of its differentiati
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by Jabanga 9y ago
Those kinds of remarks are discouraged in all of the main Ethereum forums, with the partial exception of /r/ethtrader, which is like all cryptocurrency trading subreddits.
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by Jabanga 9y ago
>The problem is how to reach consensus. Who decides which intermediaries have the correct view of asset prices? Ultimately, these parties will be the ones who decide the profits and losses of the participants. How is that an improvement
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by Jabanga 9y ago
An Ethereum smart contract can be automatically executed, with no party, including no government, being able to stop that execution. The weaknesses you noted are serious and limiting, but that doesn't mean an automatically executable c
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by Jabanga 9y ago
That depends on whether the market leader benefits from network effects. All other things being equal, the market leader in a naturally monopolistic industry, like say social networks, has a much more compelling product than competitors. Th
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by Jabanga 9y ago
Regardless of how you define anarchy, it isn't how the author of the Crypto Anarchist Manifesto defined it. Taxation of private income is anathema to privacy. You can only eliminate, prohibit or tax income if you eliminate privacy. Tha
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by Jabanga 9y ago
>That's like saying Amazon engineers can go and change the price of items so we should replace Amazon with a blockchain. Not Amazon engineers, but Amazon itself could raise fees if it attains a comfortable de facto monopoly.
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by Jabanga 9y ago
You can run geth --light for much faster synchronization.
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by Jabanga 9y ago
Fantastic article, even if I think it misses some of the potential the projects analyzed have. My biggest disagreement is with the article's look at Melonport. While I wouldn't recommend buying any token right now, including Melon
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by Jabanga 9y ago
A blockchain platform can be designed to not give the developer direct control over things like pricing, or anything at all. I don't know if that is what Brave is planning with its ad platform mind you, but it's certainly possible
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by Jabanga 9y ago
It's you who doesn't know what a Ponzi scheme is. A Ponzi schemes requires new members to pay a fee to join. From Wikipedia: >is a fraudulent investment operation where the operator generates returns for older investors through
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by Jabanga 9y ago
>How is this different than having all ad publishers integrating with Google Token? Presumably you wouldn't want to be locked into a proprietary platform that can raise fees once it has an effective monopoly.
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by Jabanga 9y ago
Whatever the goal, unless they guarantee you a payment and fund that payment with membership fees paid by later entrants, it's not a ponzi scheme.
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by Jabanga 9y ago
You're quoting from the Birch-Kaminska circle, which has been bashing cryptocurrency since 2012. A ponzi scheme is where people pay a fee to join a scheme where members are guaranteed a payment that comes out of the membership fees pai
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by Jabanga 9y ago
None of the token sales I've seen are ponzi schemes. "Ponzi scheme" seems to be the buzzword used to describe any irrational or bubbly investment. It's incorrect usage of the term.
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by Jabanga 9y ago
I don't think any of them are ponzi schemes. Shitty investment based on speculation and hype != illegal or ponzi scheme Bubbly sectors see irrational amounts of money thrown at things that have little underlying value, like Beanie Babi
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by Jabanga 9y ago
Syntax being similar is not the same as being based on it.
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by Jabanga 9y ago
David Birch has been bashing cryptocurrency since around 2012. It seriously goes that far back for some of these ideologues. Edit, just to give people an idea of where he's coming from ideologically, these are some of his comments that
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by Jabanga 9y ago
Ethereum is a platform. The more assets use it, the more they can interoperate, and thus the more useful and valuable the platform becomes.
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by Jabanga 9y ago
Isn't the end-user the party collecting micropayments in this case?
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by Jabanga 9y ago
Even if Ethereum becomes wildly successful and attains the majority of the market share, it could very well result in Bitcoin's absolute value and usage increasing.
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by Jabanga 9y ago
>4. Any profit comes from the efforts of a promoter or third party Some US securities experts have opined that a token where a holder can only earn a profit from holding the token in conjunction with their own efforts in utilizing the ri
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by Jabanga 9y ago
Here's a more detailed write-up on it: https://www.reddit.com/r/Futurology/comments/61lg8g/the_robo... You're right that there are no complete road maps written out. But proponents of this visi
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by Jabanga 9y ago
A security is a standardized and tradeable asset that derives its value from a contractual claim. From my layman's understanding of US securities law, for a token sale to be defined as a securities offering, the token issuers have to m
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by Jabanga 9y ago
A much more comprehensive analysis by experts in US securities law: https://www.coinbase.com/legal/securities-law-framework.pdf
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by Jabanga 9y ago
Is this compatible with the upcoming MemeFactory market from district0x: https://blog.district0x.io/introducing-the-district0x-networ... ?
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by Jabanga 9y ago
I mean people will sit around and collect profits. I don't have any links about this. This is my own view on an ideal future. I haven't come across any objections to it.
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by Jabanga 9y ago
It's possible that a person's perception of reality is warped by their own fears and biases. They may think X is happening to them more than to other people because they have Y distinguishing feature, but in reality, they just not
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by Jabanga 9y ago
Because attributing everything to sexism has harmful societal effects.
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by Jabanga 9y ago
It was hacked from the perspective of ordinary people. I address the sanctity of the protocol in an earlier comment: > The rules of a mature Ethereum protocol should be neutral to the intentions of users, including those that one would r

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