349 karma · joined April 15, 2015
One question presented to the founders' AMA was whether this enables under or partially collateralized loans on DeFi. Their response was that it does not enable recourse for unpaid loans.
Working towards combining credit scores and identity solutions like coinpassport.net in order to bring partially collateralized loans will enable fully transparent bank-like institutions on chain.
To the downvote: I'm sure you've heard a drone buzzing above your head and getting nervous. A boat propeller does the same thing.
> To my knowledge, no one has really tried the logical extreme version of this: set all status indicators to zero periodically and reset the network from scratch. Might be an interesting experiment to run!
IMO, this mechanism is one of the reasons why the forkability of cryptocurrencies is such a huge feature: invoking a jubilee is within relatively easy reach for the population, something that has been locked away by the state for some time now. With a belief in a cascade of currencies, constantly allowing many opportunities to be an early adopter, the "revolution" will be priced in.
The species specific scope of the article echos the racism of natural sciences from a hundred years ago when skin color was thought to indicate intelligence.
It seems mostly a problem of communication. The Journey to the Microcosmos YouTube channel made it clear to me that scale does not seem to change consciousness.
There's many places to host content for free without advertising: Github pages, Neocities... You can also upload pages to Ethereum using https://newgeocities.com by paying the transaction fee. If hosting is paid for completely upfront, does the dynamic change?
> “GeoCities was not about self-promotion,” Bohnett told Gizmodo in an interview. “It was about sharing your interest and your knowledge.”
With today's ML algorithms, posting one's knowledge feels increasingly like unpaid labor to these AI models.
Sybil resistance is not easy to solve absolutely, it's all about degrees.
[1] https://ethereum.stackexchange.com/questions/38468/calculate...
As far as a state level attack, it's possible. A complete solution to Sybil resistance is not simple.
The passport verification service is at https://coinpassport.net if you would like more information.
Writing that out though, I realize that the root could be calculated by the client and simply verified on chain.
One token, one vote is an exponent of 1, it should be up to the voters to decide the exponent used based on the issue in order to choose the degree money influences decision making.
The goal isn't for the third party to win outright immediately but to get a seat at the table.
Computer languages are read with the eyes (usually also with color coding) so they don't need those little helpers as much to make them consumable.
As blockchain data storage rates decrease, its available applications will increase.
Blockchains are innovative because they change the pricing model for web hosting from recurring payments for things like server rental to fully upfront costs for storage and distribution of data.
> Writing is not natural: it’s an invention, a technology developed roughly 3000 years ago. This is nothing compared to human history.
From the first paragraph on the wikipedia page for "history":
> Events before the invention of writing systems are considered prehistory.
The linked self-watering soil article [1] makes me wonder if the material could be used to reverse desertification.
[0] https://wahainc.com//smithsonian [1] https://news.utexas.edu/2020/11/02/self-watering-soil-could-...