RexetBlell

11 ms·

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New digital coin with low volatility relative to fiat money (unlike BTC or ETH)(makerdao.com)
1 points by RexetBlell 9y ago|0 comments
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by RexetBlell 9y ago
I used this service a few weeks ago to get a response from a VC that I wanted to contact, and it worked great! The cool thing is that you pay only if you get a response.
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YC Interview: Blockchain Investing with Olaf Carlson-Wee and Aaron Harris(blog.ycombinator.com)
2 points by RexetBlell 9y ago|0 comments
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by RexetBlell 9y ago
This new language for Ethereum by Vitalik is exactly what you said: https://github.com/ethereum/viper
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by RexetBlell 9y ago
Can't you say the same thing about software that uses encryption in general? For example your browser, yet you still trust it. Also, what you said applies to critical software in airplanes, and cars like Tesla, yet you still somehow tr
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by RexetBlell 9y ago
Proof of work (mining) is needed to be able to come to consensus on the next block in the chain. A better and more efficient algorithm is being developed. Ethereum is switching from proof of work to proof of stake in the next year or two, s
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by RexetBlell 9y ago
It's also useful if you want to buy something online and don't want it showing up on your Credit Card statement.
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by RexetBlell 9y ago
Not quite. You could make it a legally punishable offense to provide incorrect information to a weather oracle. The provider would be sent to jail for defrauding the oracle. I'm just saying that it's possible to solve the problem
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by RexetBlell 9y ago
Can we please stop bringing up slock.it and the DAO fork. It was more than a year ago and it's time to move on.
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by RexetBlell 9y ago
This is probably the best relatively quick explanation: https://youtu.be/66SaEDzlmP4
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by RexetBlell 9y ago
Check out https://truebit.io/
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by RexetBlell 9y ago
You could get one of those Ether cards ( https://ether.cards/ ) and put $1M worth on it.
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by RexetBlell 9y ago
Yes, I think splitting up the work is a good idea. The authors already thought about how to incentivize verification runs. It's really cool. Check out this informative podcast with some of the team members: https://youtu.be&
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by RexetBlell 9y ago
The weather feed can provided by several oracles, and the contract can take the median value. You could program whatever logic you want into the insurance. For example, some kind of dispute resolution system that appeals to a higher authori
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by RexetBlell 9y ago
Unfortunately it's simply not something that can be explained easily and clearly. Imagine trying to explain the Internet to someone who has never seen a computer. This is actually a sign that something innovative is happening, because
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by RexetBlell 9y ago
If you want to do more intense computation, https://truebit.io/ has a cool solution. It's exactly what you said, it allows you to pay someone to do the computation for you and publish the result to the contract. After
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by RexetBlell 9y ago
I know that Consensys (who is looking to hire hundreds of engineers https://consensys.net/open-positions/ ) is working on a special smart contract language that would be easy for lawyers to learn. The language compiles
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by RexetBlell 9y ago
I don't think it's very important. There are several other languages that can compile down to EVM bytecode. A cool one is Viper ( https://github.com/ethereum/viper ), which is NOT Turning complete, but decidabl
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by RexetBlell 9y ago
What makes you think that the majority of ETH is controlled by a single company? What company is this? Do you have a source for this?
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by RexetBlell 9y ago
That could work, but cryptocurrencies are more convenient. You could transfer your coins anywhere in the world much easier. For example, you could donate your coins Wikileaks undetected, but it's much harder to do that with cash buried
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by RexetBlell 9y ago
They are as much a Ponzi scheme as gold (which has almost no practical use) and ugly paintings that cost millions http://www.therichest.com/luxury/most-expensive/10-ugly-piec... If expensive ugly paintings are not
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by RexetBlell 9y ago
Totally agree that people on HN have become the incumbents who are scared of change and radically new technologies.
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by RexetBlell 9y ago
Things like Bitcoin might be horrible for remittances right now, but there is a lot of development in this space. For example, Ethereum is working on sharding to make it exponentially more scalable. The goal is that when sharding and proof
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by RexetBlell 9y ago
The dream it's to then be able to share a portion of your information with another party without revealing everything. For example, you can share "my credit rating is above 750 and I'm 32 years old" and nothing else. Thi
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by RexetBlell 9y ago
I think a big problem with these services is that your rating belongs to Uber instead of the user. It would be nice to put your reputation from all the services you use (Uber, Airbnb, reddit karma, eBay, credit rating, etc) in one central p
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by RexetBlell 9y ago
Just for the record, no transactions were rolled back. A special one time transaction was generated that moved all the ether from the Dao contact to a withdrawal contract, from which all investors could get their ether back. Majority of the
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by RexetBlell 9y ago
I am not sure what you're asking when you say "how would this help?". Do you not see any usefulness at all in people being able to sell domain names to each other trustlessly without needing to involve a third party?
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by RexetBlell 9y ago
There are many teams building projects similar to the DAO right now (except much more thought out), for example https://www.reddit.com/r/MakerDAO/ . In the future, we will definitely see more DAOs - read this artic
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by RexetBlell 9y ago
There is a Chrome extension that does this for you for IP addresses (I think). All ethereum wallets are also implementing support. You can make your Ethereum domain name point to anything you want. So instead of sending your transaction to
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by RexetBlell 9y ago
The amazing this about this particular application is that an oracle is not required at all. So it's completely automatic and trustless. The contract (think of it as a class in Java) has a single function which looks something like thi

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