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Found 7 results
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  1. Hey there smart people, I'm really excited about Codius and the other products Ripple is bringing to the market, I think there is a lot of potential time and money to be saved if companies successfully implement these solutions. But with blockchain still being so young I do wonder what we can realistically work on right now and what we can expect in the near future. And I'm currently tasked (as an intern) with just that, implementing blockchain solutions for this company. And I'm so glad to be given this opportunity but it sure ain't easy with blockchain still at it's infancy. The company I work for does a lot of intermediary stuff for local governments, insurance parties and people of low income or welfare. For instance, they have a centralized solution that withholds part of the welfare cheque for the insurance premium to prevent welfare beneficiaries from getting into depth by not paying their premiums (which happens a lot). As you can imagine this involves a lot of work with auditing and correcting invoices because these payments don't happen in real-time because there are different organisations involved. I feel like DAO's (decentralized autonomous organisations) could be an excellent solution to this problem. Blockchain/Interledger would provide a closed ecosystem where there cannot be any double-spend while also providing liquidity and speed. Codius could provide a platform for deploying smartcontracts and DAO's where the consensus mechanisms can be tailored to the use cases at hand. It's my understanding that the combination of Codius and Interledger could result in a platform where these parties are an entity in this ecosystem that can share crypto and fiat wallets and have access to these 'smart'-invoices where they can track all the bills in real time and see what happens with the funds, where disputes can be resolved almost instantly and all that goodness that saves organisations time and money. The things I really like about ILP and Codius are: Private smartcontracts (Whereas ethereum is a public blockchain) Level of entry (Javascript or any other language) Easy control over fiat/crypto wallets Scalability But I also have a few doubts, I'd like to hear your thoughts on this: Codius is still very young, there are a lot more developers working on Ethereum and dAPPS that might provide a plug-and-play solution for the use cases at hand. Maybe there are other platforms out there that are completely flying under my radar that provide solutions to my use cases? I'd really, really like to hear your guys thoughts and opinions on this and I have some questions too that I can't quite work out yet: What are your expectations when the Codius platform will come into fruition when it comes to adoption and functionality? Will I have to program these solutions from scratch myself or will Codius eventually have plug-and-play (d)apps too like Ethereum? What programming language should I pick up if I want to test the waters myself?
  2. The following video basically shows the DAO hack contract which was written in Solidity being applied to both the Ethereum and the Cardano virtual machines, the latter being in testnet phase known as IELE. I'm not a coder - I just find this stuff interesting:
  3. And you thought Bitcoin hard Forks were bad: https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/ Just shows the increasing importance of and need for coins that focus on responsible governance and have such mechanisms built into their crypto networks to avoid the fracturing of projects.
  4. https://blog.golemproject.net/how-to-find-10m-by-just-reading-blockchain-6ae9d39fcd95
  5. After another very good week for every Ripple, the crypto community had also an interesting Friday. We mourn DAO/ETH holders’ losses, hopefully personal finances will heal soon. I am trying to find out what’s in it for Ripple. Here are a few lines, please feel free to add your thoughts. Not easy outcome for Ethereum The damage is done and there is no way to bail out everyone. There are people who found their DAO investment down at 50% (unrealized), ETH holders at about 30% down, people who sold on exchanges with similar losses (already realized), those who were hard on margin are probably at zero, finished. When Ethereum try to prefer one group of investors, the other one is not happy and will be questioning the legitimacy of the decisions. And besides of money, there is a whole bunch of questions about how solid is the sole concept of the Ethereum network. Will they be forking after every hack? And what if there is more than just one dApp running on the network? Precedents have serious consequences. Rushing to market, focus on PR and publicity is not good approach. New crypto celebrities spending most of their time on meetups and conferences, posting tweets on how they feel every 15 minutes, simply cannot focus enough on what’s their main job – and it’s developing, coding, debugging, testing, simulating, over and over again. Splitting his time 50:50 between publicity and coding inevitably results in poor quality of code. More realistic, humbler approach is what is winning both in outer, real life as well as in software development and crypto. You may trick media and people to believe your promises about creating a whole new crypto-world where everyone has his bright future, when the moment of truth arrives and your code is just so-so, or weak, you are done. It’s not bitcoin in its experimental phases in 2011-12. Today it’s 2016 and many thousands people heavily invested in. Not the time for experiments and not time for promises. If you like experiments, then better close yourself in a lab and trade roulette tokens, not real people’s money. Crypto will continue to march While the situation might be looking quite desperate today, the crypto will continue to march further. We know about bitcoin’s 1MB block limit, energy consumption and relative inefficiency, slow confirmation processing and that it renders itself not very practical for everyday life. But we also know how it’s a very good alternative to traditional instruments as storage of value, it’s true digital asset, Millennials’ gold. Bitcoin seems unstoppable and most likely will continue its rise further and this will continue to push financial industry to innovate (after some 30-40 years of sweet sleepy times). ETH is effectively out of the fintech business. Can you imagine anyone from banking business introducing Ethereum to money business? Because I don’t. Nobody will take them seriously for the next couple of years, more probably never ever again. R3CEV, Hyperledger, Blythe Masters, IBM, SWIFT? You may forget about it. They are not going to risk their reputation by introducing Ethereum to the world of finance. This period is over. Period. We may not feel very comfortable after Black Friday events, but there is an opportunity out there. The crypto world is not going to decease; it is waiting for high-quality innovations. Fortunately, there are technologies available today that deliver better. Ripple is taking a harder path that already seems to be a much better choice. Golden Ripple.
  6. https://daohub.org/ This could be big for Ethereum and IoT in general, especially if they manage to raise a lot of capital (some estimates are around 30M USD worth of ETH) and invest this capital in successful Ethereum and IoT related projects. There is currently one proposal for "Ethereum computer" from Slock.it: http://download.slock.it/public/DAO/Proposal1.pdf This project plans to apply for the funds in the near future: https://mobotiq.com/ EDIT: around 140k ETH (more than 1M USD at current prices) raised so far: https://etherscan.io/address/0xbb9bc244d798123fde783fcc1c72d3bb8c189413
  7. ""For those unfamiliar with the concept of DAOs, Decentralized Autonomous Organizations are blockchain-based entities driven by immutable computer code as opposed to fragile, complex by-laws. Because DAOs consist of computer code, they interact with the physical world through Contractors. These Contractors are hired based on the terms of irrefutable Proposals describing that relationship in detail including operating parameters, payment terms, milestone and deliverables. "" https://blog.slock.it/announcing-dao-link-the-bridge-between-blockchain-and-brick-and-mortar-companies-9510ba04d236#.z2z6dxbfo
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