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Prikvačeni tweet
1/ My cofounder and I are releasing an early beta version of http://atstake.net today. Atstake allows you to create two-person agreements where one or both of you stake ETH or ERC20 tokens which are later distributed in any way between you based on any criteria.
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The original essay in case you missed it. It contains probably the most underappreciated yet important idea in crypto: https://medium.com/@ercwl/proof-of-stake-is-less-wasteful-b2854a191766 ….
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Not convinced by
@ercwl's essay arguing that PoS gives more security for less cost than PoW? Read the section "What about capital lockup costs?" here: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ … You'll learn why hardware investments in PoW result in less skin in the game than staking in PoS.Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
3/3 Finally, both the crypto-RMB and Libra (even if not technically cryptocurrencies) may have the positive effect of waking people up to the importance of (true) crypto. We're still in a 2017-hangover where many people see crypto as a fad.
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2/3 Similarly, China creating its own cryptocurrency positions public blockchains like Bitcoin and Ethereum as the philosophical alternative consistent with Western values.
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1/3 This may have a good long term effect on privacy/freedom because: Although bad for China, the Chinese surveillance state makes it easier to push for digital privacy/freedom in the West. Advocating policies similar to China's isn't a good look for Western politicians.https://twitter.com/crainbf/status/1187705363010871301 …
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7/ Follow
@atstakeapp to stay updated on future developments with Atstake.Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
6/ We're very interested in any feedback that will help us make Atstake better. DMs are open. For more details including how we compare to similar projects seehttps://www.reddit.com/r/ethereum/comments/d62xod/looking_for_feedback_on_my_escrow_general/ …
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5/ We're live on Mainnet, but you can try out Atstake without risking any real money by using the Rinkeby test network. Once you log in, our 'Getting Started' section tells you how to enable test mode and get fake ETH / ERC20 tokens from our faucet.
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4/ Atstake has no fees, we don't have our own token, and our contracts (https://github.com/atstake/atstake ) are open source. We're initially putting 60 ETH in one of these contracts to encourage eyeballs on our code.
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3/ Disputes are resolved by an arbitrator who both parties agree to in advance. We provide a platform for any user to be an arbitrator. We'll soon add another arbitration option by integrating with
@Kleros_io.Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
2/ Atstake includes escrow but is more general: because it allows both people to stake money it can be used in many other cases as a lightweight replacement for the legal system.
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I'll be at
#ETHDenver working on a decision markets / futarchy project: Let anyone pay to create common knowledge about which policies will lead to which outcomes, by subsidizing Augur prediction markets. Focusing on political decisions. DM if interested in joining.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
The most boring topic I've ever written about, but kinda interesting as a study of the Bitcoin community in a runaway ingroup signaling loop:https://medium.com/@elliotolds/examining-a-conspiracy-theory-about-satoshis-intent-ce9de66d166d …
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Smart contracts replacing legal contracts is a legit idea enabled by our new ability to write code which controls value outside of existing legal systems. The general idea of people posting a bond when entering into an agreement and forfeiting it if they misbehave is powerful.https://twitter.com/random_walker/status/1079762668477734913 …
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A paper titled "An (Institutional) Investor’s Take on Cryptoassets” has been getting showered with praise lately. This paper misapplies the equation of exchange, undermining many of its conclusions about how to value these assets. Details here:https://medium.com/@elliotolds/thought-provoking-paper-but-it-seems-to-be-using-the-equation-of-exchange-incorrectly-25f3148b85ea …
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To understand the decisions of Bitcoin Core developers, you need to understand "security mindset." Best description I've seen: https://intelligence.org/2017/11/25/security-mindset-ordinary-paranoia/ … Whether BTC remains dominant depends a lot on how worthwhile it is to trade this mindset off for other goals.
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We should be worried about an artificial intelligence explosion. I explain why I'm not convinced by
@fchollet's recent essay: https://medium.com/@elliotolds/why-we-should-be-worried-about-an-artificial-intelligence-explosion-b52bfdeaf7a …https://twitter.com/fchollet/status/935191393760247809 …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Don't understand how a trustless swap of coins on two chains could be set up before a fork? I explain:https://www.reddit.com/r/Bitcoin/comments/73j1nx/how_a_roger_ver_vs_trace_mayer_trustless_25000/ …
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5/ This is like arguing that balancing a vase precariously isn't reckless, if you don't control the *specific* thing that knocks it over
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