RexetBlell

13 ms·

91.
by RexetBlell 9y ago
I think it makes a lot of sense to build a DNS system using contacts. Names can be auctioned off and given automatically to the highest bidder. It is also possible to set up a contract where you could trustlessly sell names. "Send $200
92.
by RexetBlell 9y ago
You could do even more interesting things than that trustlessly. For example say, you own a valuable domain. You could borrow money and use the domain as collateral. If you do pay back, or stop making monthly payments the domain is automati
93.
by RexetBlell 9y ago
I think it makes a lot of sense to build a DNS system using contacts. Names can be auctioned off and given automatically to the highest bidder. It is also possible to set up a contract where you could trustlessly sell names. "Send $200
94.
by RexetBlell 9y ago
The advantage that Ethereum adds is other existing DAPPS on Ethereum. For example, a hotel owner could put up a room for sale and buy insurance right away for the case it won't be rented out in the next 24 hours. Or the owner could ask
95.
by RexetBlell 9y ago
The contract (you can think of it as a class in Java) has a list of private keys who are allowed to make modifications to the database. Each key has has a list of associated privileges - what modifications can that user make. Keys with a hi
96.
by RexetBlell 9y ago
There is also Digix which plans to issue Gold backed tokens. https://www.dgx.io/
97.
by RexetBlell 9y ago
Reading any programming language in general is difficult for majority of the people. That does not mean that computers are useless. There were bugs in the early implementations of web browsers, that does not mean that the Internet is useles
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by RexetBlell 9y ago
Not all cryptocurrencies issue new tokens every day. For example, Ripple had a fixed amount from the start and no new ones will ever be issued.
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by RexetBlell 9y ago
Not exactly like DRM (that could be disabled on your device if you hack it). It's more like the TCP protocol where everyone agreed on some protocol (of communication in the case of TCP) and is following it.
100.
by RexetBlell 9y ago
Basically you're saying that what gives the dollar value is that without it the government would imprison you for not paying taxes? In other words, it's a kind of like a freedom (from jail) token according to you.
101.
by RexetBlell 9y ago
10^18 wei = 1 Ether. You need Ether to buy gas.
102.
by RexetBlell 9y ago
Bitcoin can't be mined even with graphic cards any more. You need specialized hardware (ASICs). The current total hash rate of Bitcoin is over 10^18 hashes per second which is insanely high. However, it's still profitable and rela
103.
by RexetBlell 9y ago
It's funny that the examples you mentioned don't fulfill any human needs either. Why is the market cap 70 Billion? Because humans love to speculate. Couldn't that be called a human need? I think one of the really good applica
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Register .ETH Ethereum domain names by participating in a trustless auction(twitter.com)
1 points by RexetBlell 9y ago|0 comments
105.
by RexetBlell 9y ago
The total 24h volume for Bitcoin is over 650 million USD: https://coinmarketcap.com
106.
by RexetBlell 9y ago
I think that more and more people are learning about cryptocurrencies and it hit a critical mass.
107.
by RexetBlell 9y ago
I would invest in the index fund. Maybe it would be better if it was managed this early on where the assets the fund invests in are hand picked and rebalanced every month. Also I would suggest allocating more than 20% to ETH.
108.
by RexetBlell 9y ago
https://coinmarketcap.com/currencies/ethereum/#markets
109.
by RexetBlell 9y ago
It's not mostly Bitcoin gains. Lately people are buying over 100,000,000 USD worth of Ether per day with mostly fiat (and not Bitcoin) in order to invest in these ICOs.
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by RexetBlell 9y ago
Great explanation! I would also add that the code does not necessarily have to be turing complete. There is a new language that complies to EVM bytecode that is decidable (not turing complete) https://github.com/ethereum&#x2
111.
by RexetBlell 9y ago
Turing-complete language is just the base layer. You could build more limited languages (decidable languages) on top, which are more appropriate for smart contracts. There is a new decidable language that compiles to EVM bytecode: https:&#
112.
by RexetBlell 9y ago
I would argue that today ironically the chance of Ethereum forking again due to a poorly written contract is much lower than it was a year ago. Many lessons were learned and the community is much larger. Also many people who supported the D
113.
by RexetBlell 9y ago
I would ask an opposite question, why were so many people bothered? When the fork happened, Ethereum was just a baby (and still is). It was barely out of Alpha (Frontier) stage, in very early Beta stage. Letting the hacker walk away with mi
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by RexetBlell 10y ago
All of those people would get absolutely crushed at heads up no limit by any of the four players. Jamie Gold won the WSOP, but he's a pretty bad player.
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by RexetBlell 10y ago
http://nypost.com/2014/01/05/window-washer-survived-47-story...
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by RexetBlell 10y ago
The number of outcomes in a 50-move chess game does not even come close to the Graham's Number. 10^(number of outcomes in a 50-move chess games) also does not come close.
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by RexetBlell 10y ago
This is a great idea, no legal issues. The important thing is that since the candidate loses 2 hours of his time working on the problem, the employer has to lose something equivalent of that too. I would be much more willing to do the proje
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by RexetBlell 10y ago
The transactions are verified by all full nodes (which are basically all users).
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by RexetBlell 10y ago
The developers were thinking of doing this at the beginning but decided against it. Currently, when you send a transaction, the transaction includes a gas price that you are willing to pay for a unit of gas. The miners then decide if they w
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by RexetBlell 10y ago
There are actually 10+ independent implementations of Ethereum (including one in Haskell): https://www.reddit.com/r/ethereum/comments/3pdskt/how_many_e... This was part of the development philosophy, to

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