know the real data of dapps https://dappinsight.com
Looks like I will have to submit HelloSugoi: https://tickets.hellosugoi.com
Dapps
71–80 of 139 posts
Re: Dapps
#72So after browsing through Blockstack's website and a few of these Dapps there's something I don't quite understand. Storing data into the blockchain itself is obviously extremely expensive so I wondered how they did that. Turns out that for most of these apps they either don't tell (as far as I can see) or have this exact same snippet of text in their FAQs: >By default, your data is stored in a dedicated Microsoft Az…
From the FAQ: Can Blockstack apps scale, given that Blockstack uses blockchains which don't scale that well?
Yes. Blockstack only uses the blockchain for name registration. Everything else happens off-chain, so apps work just as fast as they do on the Web.
Re: Dapps
#73Re: Dapps
#74Earlier quoted context omitted.
Why is that good?
In general, it is better if the value of your money that you want to use to buy things does not fluctuate every minute like in the case of Bitcoin. People are working on Dapps for insurance, lending, prediction markets. It is not practical to take out a loan that is denominated in a volatile currency. Also, If you want to bet on the next president in 2020 for example, it is not practical to make the bet using a volat…
What about using the USD? And using insurance/lending/prediction markets that use the USD?
Re: Dapps
#75Earlier quoted context omitted.
Yes, it does to me: 0) Augur, decentralized prediction markets and a very early ICO has reached the bug bounty phase, getting much closer to launch ( https://medium.com/@AugurProject/announcing-the-augur-bug-bo... ) 1) Golem, another early ICO has launched ( https://www.coindesk.com/golem-arrives-one-ethereums-ambitio... ) 2) Distense, a decentralized code-cooperative with be running on the Ethereum mainnet in a few…
So they're close to launching or just launched. Any evidence suggesting they're not going to crash and burn in the short term?
Well, yes, actually.
Augur has undergone multiple security audits.
https://medium.com/@AugurProject/augur-core-security-audit-r...
Re: Dapps
#76Earlier quoted context omitted.
Why is that good?
I assume because it allows you to trade in and out from crypto positions to something that tracks fiat. This of course assumes that this coin can actually hold its value in the event of a market crash. I also assume it’s not backed by real dollars held in a bank but some kind of basket of other cryptoassets right?
It's currently backed by ETH but is moving towards multi-collateral assets. Today, they announced a partnership with Omisego [1], with one goal to allow OMG to be used as a type of collateral. There's also chatter about using DIGIX, which is another stablecoin pegged to the price of gold.
The mechanism by which they maintain stability is quite fascinating. From the whitepaper [2]:
> The Dai Target Price is used to determine the collateral-to-debt ratio of a CDP, and thus the Target Price represents the price at which Dai is backed by collateral in the long term. The Target Price is continuously adjusted according to the current Target Rate. Automatic Target Rate adjustments ensure that the Dai market price remains stabilized around the Target Price in the short term.
> When the market price of Dai is below the Target Price, the Target Rate increases. This causes the Target Price to increase at a higher rate, causing generation of Dai to become more expensive. This leads to CDP users covering their CDPs and leaving the ecosystem, causing the outstanding supply of Dai to decrease. At the same time, the increased Target Rate causes the capital gains from holding Dai to increase, leading to a corresponding increase in Dai demand. This combination of reduced supply and increased demand causes the Dai market price to increase, pushing it up towards the Target Price.
[1] https://medium.com/makerdao/makerdao-and-omisego-announcing-...
[2] https://github.com/makerdao/docs/blob/master/Dai.md#target-p...
Re: Dapps
#77Earlier quoted context omitted.
> So what Dapps does anyone here use apart from decentralized exchanges and crypto kitties? I use patchwork everyday, just like FaceBook or Twitter. Content quality is excellent. https://github.com/ssbc/patchwork That is, if Dapps can be taken to mean distributed apps - instead of just apps on blockchain with consensus.
Anyone else a programmer/tech person that thinks blockchain is awful for storing information? Centralized servers are extremely good at what they do. I feel like most of the time blockchain isnt needed unless things need to be decentrally verified. I was considering doing my own 'cryptocurrency', but I decided a centralized server was better for doing the job at hand.
You might have had misconceptions about the blockchain, but you seem to have come to the correct conclusion. It is awful for storing information, and it's generally not meant for storing information. Obviously you can combine traditional servers and blockchain in a such way that the system is completely decentralized, such as Sia https://sia.tech/.
Re: Dapps
#78Sure Dapps might be an interesting concept but let's not pretend it is free from manipulation. Miners are the gatekeepers to the system. F2Pool is one of the biggest pools in Ethereum. It was alleged that they manipulated the Status ICO: https://themerkle.com/f2pool-allegedly-prevented-users-from-... They controlled 26.6% of the total Ethereum hashing power. So, lets say this twitter clone - Peepeth takes off. And th…
Having a huge mining pool is super lucrative.
Why would you want to mess with your underlying cryptocurrency and threaten your income if you're a mining pool?
Re: Dapps
#79Down. Damn, of all the people, I wouldn’t have expected that this happens to Fred.
Re: Dapps
#80So much of VC funding is just about being in the right place at the right time. A lot of these guys seem like geniuses because of winning bets, but that's because nobody talks about their flops. It's entertaining watching all of the VCs who have made a major bet on crypto, who are now doubling down on what looks more like an overheated casino losing steam. Fred Wilson might end up watching the tide go out on this one…
A VC is willing to take 20 flops to get one breakout bet.
Sure, but when vetting a baseball player you check the batting average; when handicapping a horse you check the races they've lost for conditions they can't handle as well; when comparing Halo player stats you check the kill/death ratio.
Vetting a VC only by wins is missing quite a bit of information, presumably. It can at the very least tell you about potential blind spots and some idea how much actual skill may be involved versus luck or even "a broken clock is right twice a day" scattershot portfolios.