141–150 of 157 posts
living in Zimbabwe now, there a severe shortage of cash, Im hoping a project like this one will catch one day. good luck
How about something like wechat[1]? It's pretty popular afaik in China etc. 1. http://www.wechat.com/en/
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.
I can tell you that I'm building a proof-of-concept medical provider registry on ethereum right now for a US state in my free time and the entire registry with a rather deep security model and tons of functionality is a total of 230 lines of smart contract code (this represents the "server side" of the registry) It'll probably be around 500 lines if it reaches production. I bet you the next smallest state-level medic…
Aside from the app, and what it can facilitate, I find chat UIs to be a zone for invention. Here Token partially formalized the UI [1] for menus and the like. As it is with Telegram for example, you provide a "keyboard" of a grid of buttons to press, similar to SOFA each button has a value. However Telegram does not have menus, so general purpose bots need a lot of back and forth to refine what the user's intention i…
I don't understand what you say. You think it is something amazing that they invented a message format? The UX continues to be more-or-less the same, doesn't it?
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they are common, people value communication. most of the phones are older models or very cheap Chinese brands.
Then I think Ethereum could help, down the road a bit. You don't even have to use ether, necessarily; a contract could implement a local time-based currency and do away with your money shortage entirely. Lending circles might help with short-term needs. For now you'd need a little ether to pay transaction fees, which are getting more significant, and it might be hard to obtain. And scalability could be an issue. But…
PoS?
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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…
they stated their aim is to help 2B people in develop countries. it is very hard to fix the government. there are networks here, poor villagers how use money have a phone, I think its better to by-pass the government. relying on private company is terrifying as relying on third world government. decentralized solution would be the best. also E-money is used here already, trough the cellular company but they have a mo…
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Well that depends in what's truly different for you. A quick example, because I'm on my phone, is [1], which is enabling donating to specific people around the world with total transparency through smart contracts [1] http://www.giveth.io/
This is a perfect example of what I was talking about. It is a nice idea. However there are no problems charities face that existing FIAT currencies or bitcoin or standard real-world contracts don't already solve. Unless there is a case to be made that censorship or centralization is a problem for contracts in the charity space, this app is a solution looking for a problem, in my opinion. It is unclear how blockchain…
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Then I think Ethereum could help, down the road a bit. You don't even have to use ether, necessarily; a contract could implement a local time-based currency and do away with your money shortage entirely. Lending circles might help with short-term needs. For now you'd need a little ether to pay transaction fees, which are getting more significant, and it might be hard to obtain. And scalability could be an issue. But…
> for a complicated reason I can explain if anyone's interested PoS?
In proof of work, the miners race each other to make blocks. Any time they spend actually validating transactions slows them down; they might find a block and not get their reward if another miner was a bit faster. The transaction fees have to be high enough to compensate for this risk. Since the reward goes up as the coin price goes up, the fees go up proportionally too.
In proof of stake, this race goes away. Blocks are released on a fixed time schedule. The fee no longer has to compensate for risk due to lost time, and instead just has to pay for actual computational cost of the transactions.
I'll bite. Why do I need this?
You know how twitter killed off all those nice third-party twitter clients a while ago? With this tool, even the creators of the app can't stop people from creating alternate UIs for chat/payments/etc. You know how AWS went down a while ago and github (and a zillion other sites) stopped working? With this tool, you could log into a repo manager (several are in the works) and there is no single point of failure that c…
The only reason Twitter can stop that now is because the force of law stands behind their admonitions. How would Ethereum stop Twitter from suing a big alternate app vendor? The barriers that exist to prevent this are already non-technical.
>You know how AWS went down a while ago and github (and a zillion other sites) stopped working? With this tool, you could log into a repo manager (several are in the works) and there is no single point of failure that can take it offline.
Ethereum is an append-only system such that data inserted cannot be revoked? I know how btc works but have only glanced at Ethereum. I know programs are registered as parts of the blockchain, but all data and assets? If not, how do you ensure there is no point of failure for an interface like GitHub, or do you just mean the code to run it will always be available since it will be in the chain?
>You know how you wanted to send money from Taiwan to the US and the bank wire was declined despite repeated attempts and without any clear explanation and your money was trapped in a bank account in Taiwan?
Again, this is not a technical limitation. The banking system has every ability to move those numbers around. They are declining to do so without disclosing the reason. In this case, Ethereum/Bitcoin are not functionally different than using any other non-seized liquid asset. Someone could refuse to honor your ETH/BTC transfer just as easily as they could refuse to accept your USD transfer.
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> 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 U…
There's nothing wrong with that, but it's a little excessive to assign such heady altruistic qualities to Satoshi as if he/she/they knew ahead of time what bitcoin would become. The infamous "$15k pizza" clearly demonstrates that bitcoin began as a toy and people got a kick out of it when people started treating it as real currency.
I really respect bitcoin's implementation as a thought experiment/"let's try this crazy thing" project. I think its use as a permanent basis for a real-world currency and/or a storage/execution platform for programs is misguided.
It'd be a shame if we elevated the experimentation of one intelligent person to be elevated into religion and never their mistakes, instead of respecting their intent and leadership and developing improvements that reference the work without memorializing it.
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This is a perfect example of what I was talking about. It is a nice idea. However there are no problems charities face that existing FIAT currencies or bitcoin or standard real-world contracts don't already solve. Unless there is a case to be made that censorship or centralization is a problem for contracts in the charity space, this app is a solution looking for a problem, in my opinion. It is unclear how blockchain…
There are a number of Islamic charities that have been prosecuted under suspicion of funding terrorism. Of course, as soon the government thinks Ethereum is being used to send money to ISIS, anyone associated with the project will be swiftly conveyed to Guantanamo Bay.