But you can't avoid trading with a ERC20 token, because they are designed to be tradable. Any exchange can add the token to the supported list, and the users can immediately send the tokens to the exchange and buy and sell them. Unless these are not really tokens and the "user/owner" can send the tokens without a centralized permission.
Yes, the creator could go trade them on an exchange if they wanted to. But we don’t help people do an ICO or encourage it. I do think tokens made on Hexel could gain value, but that would come from making them useful, not starting off with a scammy ICO.
Altruistic attitude shall not save you from the idiocy of greed surrounding coins/tokens.
Does that happen to your databases a lot? That's just bad engineering.
That's not the troubling case. The troubling case is the company hosting the DB shutting down, and therefore the entire system becoming worthless. This is what prevents you as the customer from trusting such a system.
but this is what exports are for. I would be fine if gmail etc. shut down tomorrow. there's no reason to add a massive overhead to everything just to solve an already-solved problem.
Hi, just a general question for tokens that you might be able to answer: let's say I create a token and I want to programmatically give those tokens to people as a reward. Think of it something like "kudos" so let's say I'm at work and I want to give my coworker a thank you and for that, as a token of my gratitude, I want to send them one of my tokens. Is this do-able at all or am I just thinking of this the wrong wa…
Right now you would need to send these tokens to your co-workers using an Ethereum wallet, and you would need to pay gas. However, we're working on a way for you to programmatically send tokens.
I think this project is well done, and I love how easy you've made it to just do up a concept, and get a group of people moving into tokenizing their value stream. I am working on a token for storing genomic data in UPort or Civic wallet, and will integrate with Ocean Protocol and Openmined and other data marketplaces. In looking at the compliance of issuing the tokens, I've found that it is essential to actually embed restrictions in the token (like the rtoken protocol is doing) to make sure it can't be traded by unaccredited investors or outside terms of a reg d lockup. It doesn't seem to matter what your intent is, if you provide the tools by which someone can begin trading an unregistered security, this seems problematic. Have you considered technical measures to prevent this?
All the use cases you mention could be more easily implemented on top of a more mature distributed ledger such as Datomic. 1. What's to stop a competitor from copying your app feature for feature and implementing their own features faster than you can keep up because they're using established distributed ledger technologies instead of blockchain? 2. Are there any features you have planned that make use of the one thi…
To your first point, someone could implement something like Hexel using a distributed ledger, but it would not have the trustless components of tokens that exist on the blockchain.
The first immediate feature of using a blockchain is that token holders do not need to worry about a private distributed ledger shutting down its service. A future feature we have planned is a developer program where anyone can submit smart contracts that do interesting things with tokens. For this to work with a distributed ledger you would need to implement your own public API for interacting with your ledger.
That's not the troubling case. The troubling case is the company hosting the DB shutting down, and therefore the entire system becoming worthless. This is what prevents you as the customer from trusting such a system.
but this is what exports are for. I would be fine if gmail etc. shut down tomorrow. there's no reason to add a massive overhead to everything just to solve an already-solved problem.
What if it’s not a massive overhead? What if the tooling is as simple as setting up a database nowadays, and the performance is a known/acceptable trade off?
Surely you can see there are some advantages of blockchain based tech then?
Browsing to that page I notice my browser is pinging mainnet.infura.io over and over. Is infura.io the same company as hexel, do you have a formal partnership with them, or are you just piggy-backing their API without proxying it?
Infura is a service that allows you to make calls to the Ethereum blockchain. We use it to get the current state of your token contract.
That already exists and is named complementary currency. https://en.wikipedia.org/wiki/Complementary_currency There's no need for a blockchain, or distributed stuff, etc. The only thing you need is to convince people to accept it. You might as well make an app that transfers balance between rows on a database. And the reason why you never heard of complementary currency before, is that it's something done "just becau…
But isn't there still a cost advantage? Rather than securing a centralized database you simply create a coin secured by the Blockchain?
I don't know. How much does it cost to run things on the blockchain. Someone must be paying. How much does it cost you to spin up on MySQL instance, replicated in all AWS datacenters?
Hi i'm founder of https://bitbank.nz a cryptocurrency forecasting platform, pre ICO.
I think more things supporting ICO's would be great e.g. like how waves has a decentralized exchange so that when you create a token on waves you can immediately monetize it.
I suppose theres a decentralised exchange for ERC20 tokens somewhere, but something that smoothes the entire end to end ICO process would be amazing.