Ethereum will scale. Ethereum Classic will remain immutable: What do you want for your dApp? – Medium. Ethereum is sometimes misunderstood by both Ethereum enthusiasts and its detractors.
The unproductive debates that are currently happening are most likely a consequence of these insufficient understandings. The easiest way to describe and sell the vision shared by the Ethereum community has been to present the applications that would eventually be built on top of the platform: high scale decentralized applications, used by your own grand-mother. These applications’ backends would consist of immutable smart contracts that link users together without the need of a third party: decentralized Uber, Facebook etc. One problem is that some people who share this vision do not understand that Ethereum is not the only way to achieve this vision, even if it may seem to be the preferred way. The proper and unique value that Ethereum will bring to its dApps is the ability to easily create interoperability between them, leading to a rich network effect.
The History of the DAO and Lessons Learned — Slock.it Blog. Blockchain Company's Smart Contracts Were Dumb - Bloomberg View. There's a fairly incredible trial going on in London right now.
The Libyan Investment Authority is suing Goldman Sachs over some trades that they did together. To oversimplify slightly, the LIA handed Goldman a pile of money and signed some complicated contracts describing the circumstances in which Goldman would have to give LIA money back, and how much. And then everyone closed their eyes and counted to 10, and when they opened their eyes, poof, the money was gone.
It was $1.2 billion. Lessons for “the DAO” from the proto-DAO world. Lessons for “the DAO” from the proto-DAO world As some know, Swarm was inspired by the Ethereum whitepaper but ultimately implemented on the Bitcoin metacoin Counterparty.
It included crowdfunding, decentralized voting, crowdsourced applications, and a fund that would take positions in individual projects. Is The DAO going to be DOA? — Steemit. The DAO is the latest Decentralized, Autonomous Organization to make major waves as they raised over $100 million worth of ETH tokens (12% of all ETH).
The question remains, is it a good idea to invest in The DAO and have they learned anything from those who have gone before? In this article I will talk about the experience gained from BitShares, not to promote BitShares as superior, but to highlight the hard lessons that can be learned from BitShares’ failures and how they might apply to The DAO. A $50M Hack Tests the Values of Communities Run by Code. June 17, 2016 was an important day for the small but dedicated community that has formed around the nascent decentralized technology known as Ethereum, and for the blockchain community more generally.
It was the day in which it became apparent (although not to everyone) that social organizations cannot be ruled only and exclusively by code. The story begins on April 30, 2016 with the launch of TheDAO. TheDAO, which stands for Decentralized Autonomous Organization, is a leaderless collective of investors who vote on what to fund. TheDAO runs on the Ethereum blockchain, a distributed ledger inspired by the Bitcoin blockchain. The Truth about the Fork. Many foundation developers (including me) have come forward about their dao holdings.
Most (including our Executive director, Ming Chan) have none, some have very small amounts. Many have openly criticized the DAO. How to Create Money out of the Ether. Maybe money really is a shared hallucination.
Last Wednesday, a group of people huffed some paint thinner and imagined a new currency into existence — Ethereum: Bailout Edition. There was already a currency called Ethereum, but that has been renamed EthereumClassic.