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Introducing Token

blog.tokenbrowser.com

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Re: Introducing Token

#21

Post by jerguismi »

AroundTheBlock_ wrote: post #13
fabiosussetto wrote: post #8

Are they using some implementation of the Ethereum light client protocol? Last time I checked it wasn't available yet: https://github.com/ethereum/wiki/wiki/Light-client-protocol If they are using the standard protocol then how do they connect to the Ethereum network? Do they use their servers as proxy to the network? Because if it's so, that would defeat the whole point to me.

No, they're not using the Light Client yet for that very reason, but easily could in the future. But in any case, no crypto wallets are light clients. All Bitcoin wallets, for example, use servers because it's impossible to do Bitcoin light clients (at least, they haven't found a solution yet). This app is more about having WeChat with crypto payments and with app interactions. Light client could come later though.

> All Bitcoin wallets, for example, use servers because it's impossible to do Bitcoin light clients (at least, they haven't found a solution yet).

This is totally false. So called SPV clients have been available since 2011 I think. Where the hell did you get this information? Just curious.

Examples of lite bitcoin clients include (but not limited to) breadwallet, bitcoin wallet for android (Schildbach), multibit, bittiraha-walletd etc.

Re: Introducing Token

#22

Post by wslh »

I think the token economy will growth and growth. We can expect good and really bad news because anyone can participate.

My company is receiving many inquiries oriented to managing funds and trading. Also, In the context of YC Startup School we are building an API for multiple cryptocurrencies, tokens, and smart contracts. We are even disassembling smart contracts to gather more metrics about the blockchain usage. If you are interested on using it instead of building your own infrastructure please contact me via my company page.

Re: Introducing Token

#23

Post by timbowhite »

Freak_NL wrote: post #5
aaron-lebo wrote: post #4

I would find your pitch much more interesting if you didn't go from "look at this very cool technology" to "look how we're changing the world for the better for these poor people in Africa". Be realistic. How many Sub-Saharan Africans are using Token or working on it right now? You're first-world devs working on first-world tech and wrapping it up in humanitarian terms because it makes you more attractive. It's kind…

> It's all about money at the end of the day, isn't it? I'm still having a hard time seeing any cryptocurrency based application as anything but an attempt to facilitate speculation based on that currency's value. There seem to be so many perverse incentives inherent to this technology that I automatically find any idealistic application of it suspect. Perhaps this is overly cynical, but all cryptocurrencies seem to…

> a system that would immensely benefit whoever came up with that particular currency

In Bitcoin's case, Satoshi created the world's first trustless, global digital payment system and distributed it as open source.

Maybe it's just me, but that seems like a pretty big deal. Especially when the software was not patented, and free for anyone to use and build with.

Could Satoshi hold a bunch of BTC worth over a billion USD? Yup, and I hope he/they do. IMHO the creator(s) deserves all that wealth.

> whoever invested early if it ever took off.

Is that not the nature of anything that is capable of being an investment?

Re: Introducing Token

#25

Post by AroundTheBlock_ »

wslh wrote: post #20
AroundTheBlock_ wrote: post #13

Earlier quoted context omitted.

No, they're not using the Light Client yet for that very reason, but easily could in the future. But in any case, no crypto wallets are light clients. All Bitcoin wallets, for example, use servers because it's impossible to do Bitcoin light clients (at least, they haven't found a solution yet). This app is more about having WeChat with crypto payments and with app interactions. Light client could come later though.

> All Bitcoin wallets, for example, use servers because it's impossible to do Bitcoin light clients (at least, they haven't found a solution yet). No, SPV clients exist to avoid running a node: https://bitcoin.stackexchange.com/questions/4649/what-is-an-...

No true light client exists. SPV is different. See here a Core dev talking about it.

https://www.reddit.com/r/Bitcoin/comments/53bfj6/will_there_...

Even your own links says "A Bitcoin implementation that does not verify everything, but instead relies on either connecting to a trusted node"

Re: Introducing Token

#27

Post by aaron-lebo »

terhechte wrote: post #18
_pdp_ wrote: post #3

Maybe I am not getting it but ethereum is way to complex to make it successful - and because it is decentralised it looks deeply fragmented. As I said, I am probably not getting it.

It is indeed looking very complex, but that's because (as others have pointed out) it is still rather young. Ethereum itself is being implemented with a phased roadmap: Frontier, Homestead, Metropolis, Serenity. We're still in the Homestead phase, and Metropolis (the next phase) will, for example include "a relatively full-featured user interface for non-technical users" [1]. But even this is probably still years awa…

Not to be dense, but don't understand your argument.

You just listed how Ethereum is a sizable tech stack and still growing and then suggest that it will eventually get simpler - after it has more users, after there is technical lock-in.

That seems contradictory to many working projects. Perhaps it is complex? It's a reinvention of almost the entire web stack.

Re: Introducing Token

#29

Post by aaron-lebo »

zimzim wrote: post #24

living in Zimbabwe now, there a severe shortage of cash, Im hoping a project like this one will catch one day. good luck

Is Ether not in short supply around there?

Serious question - is it easier or more likely to fix government issues which cause that lack of cash, or is it easier to fix those issues in order to get the technical infrastructure necessary to transplant technology not even widely used in the US?

The notion that a poor villager would be reliant on the Ethereum network for anything is slightly terrifying. Where do they go if they're wronged, there's a bug, or the people running the network decide upon a hard fork?

Is that a reliable money supply?

Re: Introducing Token

#30

Post by mattnewport »

Freak_NL wrote: post #5
aaron-lebo wrote: post #4

I would find your pitch much more interesting if you didn't go from "look at this very cool technology" to "look how we're changing the world for the better for these poor people in Africa". Be realistic. How many Sub-Saharan Africans are using Token or working on it right now? You're first-world devs working on first-world tech and wrapping it up in humanitarian terms because it makes you more attractive. It's kind…

> It's all about money at the end of the day, isn't it? I'm still having a hard time seeing any cryptocurrency based application as anything but an attempt to facilitate speculation based on that currency's value. There seem to be so many perverse incentives inherent to this technology that I automatically find any idealistic application of it suspect. Perhaps this is overly cynical, but all cryptocurrencies seem to…

We already have a financial system structured to immensely benefit those who came up with and control currencies. With traditional currencies this is an ongoing benefit, not just a one time return on investment.

Governments, banks and other financial institutions that are able to create more units of a currency (by literally and figuratively printing money in the case of governments and by virtually creating money through fractional reserve lending in the case of financial institutions) immensely benefit from their monopoly/oligopoly privileges in that regard.

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