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Show HN: Aragon – Everything you need to run your company on Ethereum

aragon.one

21–30 of 123 posts

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#21

When I try to enter my email for the mailing list I am getting the error: invite_limit_reached I'd like to just keep up with the project. Is this intentional or is there another way to join the mailing list?

I'm just aware that we reached the limit. Talking to Slack now to get it waived

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#22
post #14
post #9

I know this is old news, but I still have to say this: So if someone installs malware on your laptop, they get to own your shares forever? Living dangerously, man!

That's why the needed security measures need to be in place. Using a hardware wallet like Ledger rules that scenario out.

Until is gets stolen and you can't prove you own anything, or?

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#23
post #11

Earlier quoted context omitted.

Bad assumption there, Aragon companies will be able to handle tokenized fiat (USD, EUR, etc). Santander is working on a stable coin project to tokenize EUR and USD http://www.coindesk.com/santander-vies-become-first-bank-iss...

What would the stable coin look like? I mean, we already have 700+[1] "coins." we are way passed the ridiculous stage on that front. [1] - https://en.wikipedia.org/wiki/List_of_cryptocurrencies

A stable coin is a crypto asset that is backed by a real value.

If you own 1 EthUSD, there is a warranty that someone will give you 1 USD for that token

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#24
post #14

Earlier quoted context omitted.

That's why the needed security measures need to be in place. Using a hardware wallet like Ledger rules that scenario out.

Until is gets stolen and you can't prove you own anything, or?

Exactly.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#25
post #15

Earlier quoted context omitted.

What language are the contracts written in? Do you have a specification of that language? EDIT: Nevermind, I see in an another comment that you're using Solidity. Thanks for the answer! Now I have a new question. What do you think about the claim that, "Solidity, while being an interesting proof of concept, is dangerously under-contained and very difficult to analyze statically." ( http://www.stephendiehl.com/posts/s…

I think that Solidity is quickly getting ready for prime time and in 2017 we will see tons of very big and high stake projects getting deployed. That being said, there are already projects like http://rouleth.com that has been managing an over $100k bankroll with no issues for 8 months now. To sum up, if the needed security measures are taken, you should be good. And we won't be encouraging anyone to run a company wi…

Please consider trying to get off of Solidity at some point.

It doesn't matter how much auditing is done, if you're building on a shaky foundation mistakes will eventually slip through. Solidity is definitely a shaky foundation.

I really admire projects like yours for their daring, but that needs to be backed up with hard engineering work. I would hate to see smart contracts go down the path of the "Internet of things" -- finally succeeding only to cause more harm than good due to compounding security vulnerabilities.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#26
post #13
post #5

So what happens when someone finds a flaw in the contract and empties you out?

Evidently, you hard fork the chain. Ethereum proved that automated systems that serve human needs will eventually incur human intervention.

"automated systems that serve human needs will eventually incur human intervention" this is just wrong.

The world is moving towards more automated systems, the fact that there was one mistake at a given point in time doesn't mean anything.

By mistake I mean putting so much money on an unproved experiment.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#27
post #17
post #11

Earlier quoted context omitted.

Bad assumption there, Aragon companies will be able to handle tokenized fiat (USD, EUR, etc). Santander is working on a stable coin project to tokenize EUR and USD http://www.coindesk.com/santander-vies-become-first-bank-iss...

Your link talks about a conceptual project that isn't in any way running yet nor has been approved by the National Bank of Spain. How can Aragon companies comply with their INSS obligations today?

Please note the central words on this project's website:

  Unstoppable companies: Create value without borders or intermediaries.
In other words, your concerns are not this project's concerns—not even in the slightest; this project probably considers your world view to be not only obsolete, but in need of distruption that is so extreme as to be radically revolutionary.

Your "Spain" (and, especially, your "Spanish Social Security Institute") are utterly meaningless in this project's vision of the future.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#28
post #17
post #11

Earlier quoted context omitted.

Bad assumption there, Aragon companies will be able to handle tokenized fiat (USD, EUR, etc). Santander is working on a stable coin project to tokenize EUR and USD http://www.coindesk.com/santander-vies-become-first-bank-iss...

Your link talks about a conceptual project that isn't in any way running yet nor has been approved by the National Bank of Spain. How can Aragon companies comply with their INSS obligations today?

It is a responsibility of the individual to follow the laws of her jurisdiction. It is a global project, so we won't be working with every local regulatory body.

Aragon is creating a framework (as an open source project) for running Blockchain companies. We don't provide legal advice nor services, we don't take any responsibility for a hypothetic bad usage of our software.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#29
post #3

This is Jorge, Tech Lead at Aragon, a platform for creating companies on top of the Ethereum blockchain (DACs). Here is our launch post and mission statement: https://medium.com/aragondec/introducing-aragon-unstoppable-... We are still early, but we are now in Alpha stage. We have published a small sneak peek of what we are building on aragon.one so you can try out how managing an Aragon company will be like. Our amb…

What language are the contracts written in? Do you have a specification of that language? EDIT: Nevermind, I see in an another comment that you're using Solidity. Thanks for the answer! Now I have a new question. What do you think about the claim that, "Solidity, while being an interesting proof of concept, is dangerously under-contained and very difficult to analyze statically." ( http://www.stephendiehl.com/posts/s…

Solidity is not an ideal language, but I also think that the ~deep concern~ everyone has about it is overblown. C is a pretty problematic language too, but plenty of reliable software is built in it. Engineering and testing practices are more important than bikeshedding the language itself.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#30
post #7
post #5

So what happens when someone finds a flaw in the contract and empties you out?

That's why initiatives such as https://openzeppelin.org are needed. We build on top of them and all our contracts will be throughly audited before going into production

Regardless of how audited the code is, the DAO fiasco showed that the Ethereum miners will modify the "immutable" blockchain if it reaches an unpopular result, even when the bug is in a contract and not Ethereum itself.
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