25 Matching Annotations
  1. Jun 2019
    1. The association is the only party able to create (mint) and destroy (burn) Libra. Coins are only minted when authorized resellers have purchased those coins from the association with fiat assets to fully back the new coins. Coins are only burned when the authorized resellers sell Libra coin to the association in exchange for the underlying assets. Since authorized resellers will always be able to sell Libra coins to the reserve at a price equal to the value of the basket, the Libra Reserve acts as a “buyer of last resort.”

      Digital native coins like Ethereum are more advantageous due their less-trust-required nature. Libra Assoc.'s biggest challenge will be to earn trust and don't lose it.

    1. most popular smart contract

      Official basic solidity explanation. Notice the warnings about new versions breaking old coding methods. This is very common in solidity as it is still viewed as an in development language. Solidity is expected to remain a blockchain smart contract programming standard for quite sometime while other competing languages such as Rust, Java, C++, etc are expected to gain more ground particularly due to the introduction of the WASM low level language and the toolkit that supports it which is well established and well integrated. Here's a link to some more WASM goodness. https://hackernoon.com/the-three-eggs-in-a-distributed-basket-wasm-blockchain-and-reputation-296892cdd77c

  2. May 2019
  3. Mar 2019
    1. Understanding Monetary Premiums in Programmable Value Networks

      The TLDR is: Zuller proposes that social capital and financial capital form a virtuous circle for cryptonetworks, allowing first movers such as ethereum to gain a decisive advantage against competitors. Ethereum's accumulated social and financial capital make it difficult for a challenger to emerge as a general-purpose decentralised smart contract platform.

      My thought is Zuller's analysis of social capital ignores the long established body of work on on the topic, and this analysis could be better applied in the case of ethereum. I also think bitcoin is an interesting study in the effects of social capital and the viability of a decentral crypto network.

    2. Does physical capital lead to social capital, or does social capital lead to physical capital? Or is the relationship between the two circular?

      There is a large body of work in sociology and critical theory focused on this very question, spanning decades. The French sociologist Pierre Bourdieu analysed the relationship between social elites and their social capital, and concluded that class status is inextricably intertwined with social capital, allowing elites to leverage their "connections" to obtain disproportionately larger amounts of financial capital.

      In other words, well-connected, wealthy individuals are already endowed with large amounts of social capital, which they can then use to continue to obtain more financial capital.

      🔗 Bourdieu's seminal work

      🔗 The Routledge entry on Bourdieu

    3. DFINITY, Near, Polkadot

      These projects are all funded or founded by individuals with significant social and financial capital. They are therefore well positioned to challenge ethereum's dominance.

      By contrast, consider Satoshi Nakamoto's launch of the bitcoin network. As a pseudonymous persona with no history attached to it, Nakamoto had no social capital to speak of. This social capital had to be bootstrapped through a corpus of communications on the cryptography mailing list, and other fora.

      So bitcoin was launched with minimal social capital, by contrast to ethereum.

    4. extremely large social capital base.

      An analysis of ethereum should start with an analysis of the founder's social capital: Vitalik Buterin already occupied a rarefied position in the technology industry because of his Thiel fellowship, obtained as an adolescent.

      He then burnished those credentials by starting a publication, Bitcoin Magazine, which did not attract financial capital, but boosted his social capital through increased visibility and connections to the bitcoin world.

      Having leveraged his social capital in this way, he now made the leap to monetise it by finding collaborators to launch ethereum.

      Individual actors then use their association with the ethereum network to increase their own social capital. This in turn attracts investors of financial capital.

    1. EXCLUSIVE: The inside story of Spankchain

      The TLDR of this is: Spankchain has found a "product-market fit" between people who are shut out of the conventional financial and banking system, and technologies that route around that system.

      What's good about this piece is the amount of detail and colour contained in it about ethereum mogul Joe Lubin—for instance, I've never heard such interesting quotes from Lubin before, who tends to be rather careful and bland in his public statements.

      The piece also gets into some of the usually obscure internal decision-making mechanics at ConsenSys, which is an entity worth following closely in Crypto-Land, because it has recently carried out a number of lay-offs, and is a barometer for the health of the ethereum blockchain and cryptocurrencies in general.

      Lastly there is a nice segue into some of the philosophising behind this venture, which unfortunately for me, leads us to notions of all-powerful artificial intelligences saving the world.

  4. Jan 2019
    1. 以太坊社区及以太坊主要开发团队对以太坊的技术纯净性的追求较高,我们无法用工程化融合的方案来看待以太坊的进度,完美的世界计算机和一个全面的区块链工程化应用解决方案在本质上会有性能的个性差异。但相对于看好以太坊的创业者来说,熊市之中,性能较弱的尴尬涉及到了团队的生存问题,以太坊的信仰和共识可能被环境所打败,开发团队转移其他战场。

      <big>评:</big><br/><br/>

      在求变的过程中,总会有两派行动纲领互为对斥的声音站出来相互抨击。例如当人们谈论「本土」和「外域」时,本土原教旨主义者和全球化开放主义者之间的吵闹声总是尖锐刺耳,但恰恰是在这种极端到偏颇的较量之中产生了张力,推动现世朝着互不偏倚的方向演进,避免了演化成所谓的「分叉」(fork)。 <br/><br/> 有趣的是,即使是处在矛盾两端的反义词也可以互相转化,就像「草食男」也可以被视作「性感」一样,清晰的定义为「模糊另面」赋予了合理性。既然如此,那么像商业应用这么中庸且自制的容器也就更没有理由冒天下之大不韪去自立门户。创业者们不应该用工程化融合的方案看待技术,他们应该用这种视角去审视技术背后的人。

    1. Freedom to organizeAragon lets you freely organize and collaborate without borders or intermediaries. Create global, bureaucracy-free organizations, companies, and communities.
    2. The world’s first digital jurisdictionAragon organizations are not only great because they are decentralized, global and unstoppable. They will also benefit from the Aragon Network, the world’s first digital jurisdiction.

      "digital jurisdiction"

  5. Dec 2018
    1. 雖然許多公鏈開發項目方自稱為「第三代區塊鏈系統」,但本質上只是「更快的以太坊」,內部也沒有任何落地的應用出現,僅僅是個空轉的伺服器群,這背後的隱憂是,一旦以太坊完成 POS 實作,解決了 TPS 的交易處理性能問題,可滿足一定程度的商用場景,這些新公鏈的開發者與使用者將一哄而散,重新回到市占率最高的以太坊進行開發。

      <big>评:</big><br/><br/>应对此类预判的有效回应:为什么我们只能有一个以太坊?为什么不能同时存在多个「快速的类以太坊」?<br/><br/>看看国产手机厂商们基于 Android OS 定制的 UI 在大中华区的市场表现吧!自从 Google 退华后,相关的流言就未曾间断——比市面上这群竞品更强更好、哪怕是阉割版的 Google 将重返中国市场,扭转格局。但明眼人们心里清楚,这个全球最大市场已今非昔比,后来居上的模仿者们甚至成功改写了游戏规则。<br/><br/>总有东西能够超越人类的朴素共识,它可能是商品拜物教、地缘政治、意识形态、文化鸿沟中的任意一项。百舸争流,成王败寇。

  6. Jul 2018
    1. Approachable consumer experience. If you’ve ever tried to make a dApp transaction, you know how painful the process is. You need to set up an account to purchase coins, make the purchase, create a MetaMask account, send the coins to MetaMask, and, finally, verify the transaction. This is too much friction for the mainstream user.

      This is so true. Still looking for an application that can benefit from this concept.

  7. Jun 2017
  8. Jan 2017
    1. Ethereum,

      Ethereum is the way the internet should have been. I absolutely feel they are the forerunners of the future. Would love to see mozilla spearhead ethereum related projects.

  9. Jun 2016
    1. DAO, a venture capital fund based on Ethereum cryptocurrency, was hacked, and ether coins valued at about $55M were fraudulently transferred. This article gives some details of the hack.

      http://www.wsj.com/articles/investment-fund-based-on-digital-currency-to-wind-down-after-alleged-hack-1466175033 The account with the stolen ether coins has been frozen, and they plan to undo the fraudulent transactions. But this itself is disturbing to some, as part of the idea behind cryptocurrency is lack of a central authority.

      The creators of DAO proclaimed that the code is the contract. So if no laws were broken in the course of the hack, one could argue that the transfer is legitimate under those terms. https://medium.com/@Swarm/daos-hacks-and-the-law-eb6a33808e3e

      Apparently there are new attacks already. https://www.reddit.com/r/ethereum/comments/4ot3z8/dao_is_under_attack_again/

    1. The uncanny mind that built Ethereum - Vitalik Buterin invented the world’s hottest new cryptocurrency and inspired a movement — before he’d turned 20.

  10. Jan 2016
    1. http://r3cev.com/s/Watermarked-tokens-and-pseudonymity-on-public-blockchains-Swanson.pdf

      Yet if a network is comprised of known and trusted entities with legal, off-chain obligations to fulfill, then you have a set of different security assumptions to build around. And in the case of financial institutions, a feature such as proof-of-work via mining, which is currently core to public blockchains is an unnecessary and even redundant.

      This paper explores several of the drawbacks and challenges of using public blockchains for securing off-chain titles and concludes that these types of networks are not fit-for-purpose for globally regulated financial institutions.

  11. Aug 2015
    1. Open-source principles are a major point of distinction between DACs and the existing, overwhelmingly proprietary systems used for logistics, management and trading.

      Podría usarse ethereum para hacer más abiertos y transparentes los distintos elementos de la gestión de una ciudad.