131 karma · joined August 19, 2017
Also what are the typical distant constraints in an offline environment
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I work on this
Imagine raising your capital with the stock of another public company, then your proceed to continuously devalue said public company by dumping your shares in order to gain liquid capital to build your product.
Edit: The most interesting thing to come out of the cryptocurrency is that the lines between equity and currency have become very blurred
So you're saying that isn't possible? Very few people in the ICO space are demanding the government do anything.
Also live outside of the US and you'll realize how untrue your statement is. You'll see very quickly that many services that deal with asset trading are region locked (Robin Hood) for example
This is a fundamental shift in how markets have traditionally worked. Accessible by few, siloed by regional boundaries.
This post comes off as another angry bitcoin maximalist, upset that blockchain isn't being used the way they want it to be used
Let’s discuss this every week, and then not take any actual action
https://github.com/CityOfZion/OzoneWalletIOS https://github.com/CityOfZion/neo-swift
lots of resources here, also recommend mentioning the discord here
This is where the primary technical discussion happens, and where all the devs hang out. Our company is here, mobile wallets are our first product :)
Half was paid in cryptocurrency, and half was paid in cash via the traditional banking system.
It took 3+ weeks for the money to make it through the banking system.
It took 15 minutes for the cryptocurrency to arrive. I don't get how anyone can not see the obvious merit to this system
OP_RETURN is the greatest turning point in cryptocurrency history
However most delegated systems are still young. The only reason people believe that 51% attacks are impossible is because it has worked for 10 years. If delegated systems work for the same amount of time, I don't see why they wont get the same reputation.
I think Dan Larimer gives a good argument on the situation.
https://steemit.com/eos/@dan/response-to-vitalik-buterin-on-...
Edit: His Conclusion is something many people should consider, when outright rejecting delegated consensus.
"EOS is designed around far more realistic assumptions and logic and achieves scalability by avoiding the dogmatic fallacies promoted by Bitcoin and Ethereum maximalists."
I think complete trustlessness is a false dichotomy. Im ok with trusting certain parties in maintaining distributed "value databases" as one might call them}
Edit: false dichotomy is bad phrase, idk "chasing the wrong goal?"
Your login credentials exist on many different centralized databases, which a service provider is responsible for managing. This leads to increased possibility that one of the providers messes up (identity breach) and leads to an unnecessary amount of data replication across databases.
Why do I need credentials for every single different service? Instead why don't we store these login credentials in a blockchain so that many providers can access these IF you let them, in a cryptographically secure way.
You PROVE your identity on the blockchain without actually letting them store identity information on their database.
A blockchain is basically a shared resource pool where a user chooses who can access the data that belongs to them whether it be assets, identity, or other important data.
Service providers no longer have to be responsible for it and the user is put back in control.
This is a much saner way of storing important things on the web
I'm not in favor of this argument at all. The internet has incredible benefits, but enables a lot of bad actors. Encryption has incredible benefits but enables a lot of bad actors. Lots of good things also enable bad things, that doesn't mean we shouldn't allow them.
Outside of third world or financially repressive countries, cryptocurrencies are great for "global citizens." I have done contract work while living in a different country, for clients in other countries, both parties have found it much easier to pay each other using cryptocurrencies as opposed to fiat.