my view on cryptotokens is that they are a boring industrial thing that has to exist for economic reasons, like software licenses
#blockchains are a friggin database technology; 5 years down I doubt any users will care what the underlying network token is
-
-
-
Except
#stablecoins ; those are cool :) https://blog.ethereum.org/2014/11/11/search-stable-cryptocurrency/ … also generalized portfolio replication more risky but still FTW - 1 more reply
New conversation -
-
-
@VitalikButerin Blockchain is just an audit log, a difficult-to-censor history. The database (UTXO) is the evaluation (view) of that log. -
@jgarzik I think that whole perspective is an artefact of Bitcoin's imo inferior technical philosophy. State has primacy, not history. -
@VitalikButerin You have no stable state without history -
@jgarzik https://blog.ethereum.org/2014/12/26/secret-sharing-daos-crypto-2-0/ … is a useful counterexample; keeps track of state but history could easily be deleted without anyone seeing
End of conversation
New conversation -
-
-
.
@VitalikButerin Blockchains are an economic problem, not a computer science one. You should learn that before taking another $15MM. -
@junseth blockchains are databases with continued behavior secured by cryptoeconomic means. Don't see the contradiction. -
.
@VitalikButerin#blockchains are bad databases. They are kludgy, heavy, expensive, and you can cryptographically secure an SQL server. -
@junseth well not that expensive once you move beyond PoW :) Also, if you only have 10 tx/day, actually cheaper to use chain than own server - 1 more reply
New conversation -
-
-
@VitalikButerin which token has the most robust documentation? -
@Fredilly why do tokens need documentation? does gold have any? platforms need documentation; platform/token distinction is crucial
End of conversation
New conversation -
-
-
@VitalikButerin Vitalik, are you hiring for programming roles? -
@ankscricholic depends on your skills; send email with cv/whatever else you want to v@ethdev.com and will forward it on
End of conversation
New conversation -
-
-
@VitalikButerin 1/2 Wonder why database part took so long? Decentralization through PoW I understand but the idea of contract -
@VitalikButerin 2/2 executing inside databases (your brainwave) could have come earlier right? Why didn't it? -
@MeherRoy databases and replicated state machines are boring, ending the fed is cool; what do you expect? :D -
@VitalikButerin@MeherRoy The young, disenfranchised & anti-authoritarian demographic makes a great PR army. Not so great an economic one.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.