291–300 of 433 posts
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> if there are no conflicts (double spends). What about when there are, though?
Then let the person that everyone agrees to be an authority (the project owner) decide, not the person who happens to own the most GPUs.
In contrast, the ICO for SingularityNET has actually done quite well and received 5 times the amount of demand expected for their token sale; they postponed the end of their token sale date to properly handle the overwhelming demand. Feels most ICO sites are giving them 4/5 rating on average, but we'll how that goes. I think the reason this one in particular is doing so well is that the purpose of the sale feels usef…
> I think the reason this one in particular is doing so well What makes you think it is doing so well?
Looking at the purpose of the AGI Token which is to create an open AI exchange (if I understand it correctly), where AI developers use their services in exchange for the AGI token, or for other services, then looking back at that anticipation and over-sale of tokens, it appears there are interested and active investors who are looking to make this coin work. To me, that is successful in comparison to simply having a Public Offering where lots of people invest, often to only lose that money later. This seems to have a purpose.
What points to current success, the "doing so well", is the more than decent ratings a large portion of ICO watchdog sites are giving it for now (although many ICO watchers acknowledge the level of hype to date has been high).
Looking at the current numbers, you're probably going to say "meh"; especially considering the ICO hype pushed the price up, then it dwindled down to a low ebb and flow. But that isn't why I see high expectation, still, for this coin, right? It still has intentional use built into it, and according to the website the Platform Beta Release is coming in the next month or so, at which time the coin will begin to do its work.
So, for me, "doing so well" means there was meaning behind the ICO beyond just economics, the interest was there and was overwhelming, the project has code tied to the coin that is going to go live soon and (from what I read) anticipation is still there within the AI community and the investors.
But again, I ask the question here because compared to the statistics in the article above, SingularityNET appears to be... doing well.
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Securities deregulation. On the one hand, investors deserve protections. On the other, has the regulation gone too far by design, locking out the middle class it used to serve so well. Why do companies wait until most of the value is already realized before they IPO these days Crypto could be Uber for securities, ignoring the regulator and using technology to self regulate, or by operating out of countries with light…
This is a fallacy. Generally regulations tend to protect consumers or vulnerable groups from harm. The recent global trend towards deregulation and austerity moves in the opposite direction of social democratic movements in Germany, Scandinavian countries and much of the EU. The end result being more of a wild west free for all that results in something more like the Gilded Age of the 19th century than a well-optimiz…
Technically, Accounts with less than $25k can trade on margin, they just can't make four or more day-trade in a five day period.
You can see the state (volume, # daily users) of some of these promised "dapps" here: https://dappradar.com . It is indeed a barren wasteland. And when a new popular ICO comes along, the Ethereum network struggles and fees skyrocket. It's weird because people compare it to the early days of the Internet... but the early Internet was useful from its beginning: you could at least send messages and files across the netw…
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aris is technically correct. They are not legally allowed to bring a ton of USD into the country (if they're even well enough off to do so). And legally, they have to do so at government-mandated exchange rates (which no one does, because everyone buys/sells on the black market). Surely people are using USD where possible. But likely, they're HODLing their USDs (against the rapidly inflating Bolivares) wherever possi…
> aris is technically correct. No,“can” and “are legally allowed to” don't, technically, mean the same thing.
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The main use case for block chains is quite obviously to skirt government regulation: black markets, unregulated securities and quasi-securities, etc. A secondary and related use case is to avoid the hassle and complexity of old fashioned equity and other fund raising constructs and to make easier international wire transfers. Putting ethical concerns aside: these are very large market segments. Cryptocurrencies may…
Ignoring tax evasion and other white collar crimes, selling drugs alone is a $36 trillion dollar a year industry.
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> It's weird because people compare it to the early days of the Internet... but the early Internet was useful from its beginning That really depends on where you put 'beginning'. But more to the point, blockchains are useful now, just like the internet was. They're just not useful for all the things that are being promised (yet). Also, just like the internet wasn't. > Now, all we see is rampant fraud and a complete d…
1. What if we put "beginning" as in "before it was even called the Internet"? Indeed, ARPANET, which came online in 1969, saw fast growth in the United States in the 70s. Nodes came online to use it , not to make a quick buck. The government subsidized it because its potential use was obvious. Email started being used in 1972, FTP in 1973. To compare these world-changing technologies that were invented and used merel…
> He also said Ethereum's "code is law", until he changed his mind and forked the network due to a hack.
It is ultimately a decision of the miners. They have the power to choose to upgrade or not. As for the decision to fork, it was done via voting. The decision was for the interest of the Ethereum project's success. Being a maximalist and losing sight of the goals is not desirable. But as a miner, you have the choice to not upgrade the Ethereum client you are using. And those who did not now became 'Etherem Classic'. Sure everyone should be a skeptic and hold accountable, but not to the degree of being unreasonable. One should understand why they desired to fork before making conclusions.
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> What if we put "beginning" as in "before it was even called the Internet"? Indeed, ARPANET, which came online in 1969, saw fast growth in the United States in the 70s. Nodes came online to use it, not to make a quick buck. People use cryptocurrency too. For value transfer, and to a more limited extent, for dapps like Augur. You seem to be criticizing the delta between the lofty hopes for it and it's actual usage. T…
> People use cryptocurrency too. For value transfer, and to a more limited extent, for dapps like Augur. Soooo, buying drugs and illegal gambling? Sure, I'll give you that one. My argument rephrased: "Because cryptocurrency investors have repeatedly made claims that don't pan out, we can be reasonably skeptical and concerned about their energy consumption until they actually fix it or at the very least provide peer-r…
https://eips.ethereum.org/EIPS/eip-1011
There you go. Read it then make your arguments against it. If not, then shut-up.
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How common is this use case? How is it competitive to other methods, i.e. mailing a money order?
I have no data on it and it depended on both me and the other person being Bitcoin enthusiasts... It was way more convenient to find the person's btc address than their physical address.
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> But more to the point, blockchains are useful now, just like the internet was. They're just not useful for all the things that are being promised (yet) How long do we have to wait to find a valid use case for blockchains? It's been 10 years now and we're still asking the same question.
The main use case for block chains is quite obviously to skirt government regulation: black markets, unregulated securities and quasi-securities, etc. A secondary and related use case is to avoid the hassle and complexity of old fashioned equity and other fund raising constructs and to make easier international wire transfers. Putting ethical concerns aside: these are very large market segments. Cryptocurrencies may…
And I think the hidden story of the "war against terrorism" has probably been a sustained effort to crack down on informal money transfers, and something like cryptocurrency is an inevitable response to the decline of traditional methods.