Peeps by @Xelion
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Thanks for the stickers MEW :D
Replying to @BrunchTime (0x6aa005a134be951e1047f19eee46e1d5229c09d5)
BitShares was my biggest laugh
For me it was Komodo #5 and Verge #14
New crypto rating from china's ministry of industry and information technology -> Trash
A very good informal piece on EIP999 : https://medium.com/@pimpindots/eip-999-reframing-the-debate-31309d0b5689
VICE and Ethereum <3 https://www.youtube.com/watch?v=eSPaNVYEWn8
1 Enso
Say the guy who makes profit by selling ASICs miners :)
Replying to @Bevan (0x30755d3e65c0cf46c35b72d11e52d941c5fc3a3e)
Hey @xelion and @alec, good question! It will be verified on Etherscan soon. See peepeth.com/front_end for more.
@Alec @Bevan : It's still not verified :(
The first batch of papers by Massari research has been released today with Aragon, Storj and Bluzelle https://messari.io/research.html
Replying to @CallMeGwei (0x285bc660aa42b8effc6c60357cd4d8ca072be625)
I do not support the idea of (esp. centralized) permissioned blockchains masquerading as substantially more valuable than existing solutions for sharing data.
Yes, i share your opinion on that.
Replying to @Bryce (0xf54ea10ed1aa644a9ef2ce870e6122c35d19f4da)
To expand on that a bit, Ripple doesn't share the fundementals of crypto/blockchain that I am interested in. I'm interested in decentralized solutions.
Ripple use the RPCA (BFT) consensus so it's decentralized but permissioned. So ultimately, Ripple Labs has the full control over the ledger.
To be fair, Bookstack current solution only involve blockchain to timestamp hashes of uploaded data, not execution or storage.
Replying to @CallMeGwei (0x285bc660aa42b8effc6c60357cd4d8ca072be625)
I also need to do more research on Blockstack, but if the dapps control the data - rather than the users themselves - then it's not enough of a shift away from the current system for me.
Yes exactly, plus the fact that they currently use Bitcoin for their virtualchain solution.
Replying to @Bryce (0xf54ea10ed1aa644a9ef2ce870e6122c35d19f4da)
I'll have to take a look at it for myself.
The thing is that in Blockstack's virtualchain design, devs have the full control of their blockchain's dapp. So it's not a trustless system, and you also have a central authority.
Replying to @jdanielricher (0xd408af374b94a80510a93246cd4cd104a5fad132)
Sure but Blockstack has its own protocol. They are building a new internet where users own their data. I don't see an Ethereum equivalent to that, do you? https://blockstack.org/
I've read the Bookstack white paper and i'm not really fan of the permissioned design. In Blockstack, the devs are still in control of the data, not in Peepeth which use ethereum's trustless blockchain.
Number of trades on 0x protocol vs. time 📈 Consistent growth (source: @0xProject)
Very good article from Bitmex Research on the current state of Casper : https://blog.bitmex.com/complete-guide-to-proof-of-stake-ethereums-latest-proposal-vitalik-buterin-interview/
Good read about ASICs : https://tokeneconomy.co/is-the-war-against-asics-worth-fighting-b12c6a714bed
Replying to @Alec (0x23677376bc1b7f48970b83a7ce0d0367395eac9e)
IOTAs current consensus model is a mess. The very first IOTA transaction I made was confirmed on the node my desktop wallet was using, then showed up like a day later as unconfirmed when that node eventually went down. Not to mention you have to rebroadcasts TXs manually often.
It's not about the consensus model here but about the nature of IOTA's tangle which often requires multiple rebroadcasts to get a transaction confirmed. That's why i consider blockchain to be more reliable than IOTA's tangle.
Replying to @jm9k (0xa7bd09daab3eb5ec96f04914d94c47681489d604)
The coordinator is never going to be turned off until they radically change their entire consensus model. I did a write up on some of the issues with IOTA last year, and this topic is mentioned: http://bit.ly/2qqx1tt
According to a friend working with IOTA, they are working on a new consensus model similar to what Swirlds hashgraph has achieved. But it's complicated to make an implementation without breaching Swirlds's patent.
Replying to @Bevan (0x30755d3e65c0cf46c35b72d11e52d941c5fc3a3e)
Hey @xelion and @alec, good question! It will be verified on Etherscan soon. See peepeth.com/front_end for more.
Good news 👍
@Bevan Why is the Peepeth smart contract closed source?
Replying to @catallacticised (0x35293f45d559487d9e8a26aa8bd06f84a38f3929)
I believe that the next wave of awesome dApps will have integrations front and centre. Just imagine if Peepeth had: - Tips in stablecoins like DAI, rather than in volatile ETH - One-click ETH-DAI trades via an 0x-based DEX - Identity management and quick onboarding via uPort
I hope that will happen soon ^^
Replying to @Xelion (0x7f4d762fa48d170a643337b49a50bc744c75bee0)
Yes, but to interact with someone using state channels, you need to have a platform which is often a trusted third party. And the problem with disputes is that it's not users friendly and that can take a long time to resolve. (1/2)
Overall, I think that state channels are useful in some use cases like micro-payments or a game between two users. But with all the other scaling solutions like sidechains which are more secure and reliable, i don't think state channels need to be used for a lot of use cases.
Replying to @spengrah (0x26521ede6e1796c6faee57cbc68a178e78d8e23e)
Thanks! My understanding of state channels, though, is that they *do* offer the security of the main chain because they always maintain the option to adjudicate the state on the blockchain if there's a dispute.
Yes, but to interact with someone using state channels, you need to have a platform which is often a trusted third party. And the problem with disputes is that it's not users friendly and that can take a long time to resolve. (1/2)
Replying to @Xelion (0x7f4d762fa48d170a643337b49a50bc744c75bee0)
You can't create decentralized exchange using only state channels for example. State channels are a useful off-chain scaling solution but like all off-chain scaling solutions they lack the security of a blockchain. (1/2)
There are a lot of sidechains solutions with their own way to achieve consensus with the mainchain. Most of them use a set of validators that have to post all block headers of the sidechain on the mainchain. Known solutions are: PoA Network, Cosmos, DAppChains and Plasma. (2/2)
Replying to @spengrah (0x26521ede6e1796c6faee57cbc68a178e78d8e23e)
I'm curious - what can you do with a PoA sidechain that you can't do with state channels? Also, in what fashion is the sidechain connected to the main chain? I haven't learned much about sidechains yet!
You can't create decentralized exchange using only state channels for example. State channels are a useful off-chain scaling solution but like all off-chain scaling solutions they lack the security of a blockchain. (1/2)
Replying to @spengrah (0x26521ede6e1796c6faee57cbc68a178e78d8e23e)
I'm also interested in hearing responses. How is proof of authority different than a trusted third party? State channels feel like a better alternative - what am I missing?
PoA sidechains offer fast and scalable chains with some per missioned trade-offs. Unlike state channels, it's a full blockchain with it's own validator set and it's own EVM. State channels respond to some very specific use cases while PoA sidechains can be used for any dapps.
Replying to @Alec (0x23677376bc1b7f48970b83a7ce0d0367395eac9e)
Yes, I know. It was shut off, then turned back on, in order to test the decentralized capability of the network.
But at least, they're working on decentralizing that process.
Replying to @Alec (0x23677376bc1b7f48970b83a7ce0d0367395eac9e)
My source: https://www.google.com/amp/s/amp.reddit.com/r/Iota/comments/7ngn7k/coordinator_is_currently_turned_off_tangle/
Look at the first comment ;)
Are we "Surfing on the blockchain" 🤔 ?
Replying to @CallMeGwei (0x285bc660aa42b8effc6c60357cd4d8ca072be625)
Yes. "Vulnerability" ...
"Vulnerability" or "Backdoor" ;) https://medium.com/@alexsherbuck/dissecting-an-ethereum-honey-pot-7102d7def5e0
Replying to @Alec (0x23677376bc1b7f48970b83a7ce0d0367395eac9e)
From my understanding, the IOTA devs temporarily disabled the coordinator and took a screenshot of the networker one point, and things had been looking pretty good. Hopefully the Coordinator will be removed relatively soon.
According to a friend that have worked with IOTA, that's not true. Simply because without the coordinator, it would be very easy to attack the network with 1/3 of the nodes.
Replying to @Alec (0x23677376bc1b7f48970b83a7ce0d0367395eac9e)
Hey, at least they're honest.
We just to wait for a new vulnerability to be found like in all the other pyramids ^^
Replying to @CallMeGwei (0x285bc660aa42b8effc6c60357cd4d8ca072be625)
Hmmm... thanks for sharing this... put it on the top of my list to read more about.
I forgot about IOTA that currently use a coordinator to validate which part of the Tangle is valid. But at least, they plan to move to a decentralized solution.
Replying to @balresch (0xd6d48727d8835b73f8dc511a5baaf3445a6f65c9)
From what I can tell, it is not a 'ponzi scheme' - it is a kind of game which is completely upfront about its pyramidic character, proving a point about speculative (crypto-)trading in general. I think the community might need this 'project' to learn. @hankcooper @ alec
The smart contract clearly say "pyramid" though :)
https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code
Replying to @CallMeGwei (0x285bc660aa42b8effc6c60357cd4d8ca072be625)
Not funny. The space has massive funding for development, but very little funding for educational efforts. I'm constantly telling people: keep reading, keep learning... use what you already know to... KEEP TEACHING!
I think CoinMarketCap should clearly separate permissionless and permissioned blockchain, that would be a first step.
Replying to @MadGustave (0xbb3d7f98988ddb72bdfd00490046f9450f8920bc)
Can you tell more about it? How and in what way it's controlled by single entity?
Ripple, Stellar and NEO now use and intend to keep using consensus algorithms that are permissioned (the permission to validate blocks are given by the devs) : dBFT, RPCA, FBA. Cardano is temporary using PoA waiting for their Ouroboros (dPoS) consensus algorithm.
Replying to @Alec (0x23677376bc1b7f48970b83a7ce0d0367395eac9e)
You'd think people would be smarter after BitConnect.
It seems that some peoples are so interested in profit, they're ready to invest in stupid ponzi schemes :(
Replying to @hankcooper (0x2ef58e7ae0e78d903138f5f606c00f36407f8b94)
I invested in Proof of Weak Hands or POWH3D and I wouldn't trust the clones coming out now. It doesn't look like someone can take all the money and run. Check it out and see for yourself what you think. https://powh.io/?masternode=0x2ef58e7ae0e78d903138f5f606c00f36407f8b94
You think it's a good idea to invest in a ponzi scheme?
It's funny to see that 4 of 10 cryptos in the top 10 are permissioned blockchains (controlled by a single entity) : Ripple, Stellar, Cardano and NEO.
The Palmer Principle: no matter the consensus mechanism, in practice, 51% of stake/mining power will be owned by at most 3 entities. (from @nic__carter)
Good read about the LN : https://blog.bitmex.com/the-lightning-network/
Great article about ideas on dapps UX. https://medium.com/@lyricalpolymath/web3-design-principles-f21db2f240c1
On the subject of illegal content on the blockchain : https://www.wired.com/story/why-porn-on-the-blockchain-wont-doom-bitcoin/
Cool video from Aragon! https://youtu.be/AqjIWmiAidw
The first #Wasm contract on Kovan has been deployed! https://kovan.etherscan.io/tx/0x5adeea1aeebb8911ed989a692de65b59083d517c566c9d41b3b18825830ae0cc
And with Cipher, I can use Peepeth on the go!
Replying to @Bevan (0x30755d3e65c0cf46c35b72d11e52d941c5fc3a3e)
Welcome, and thanks for verifying your Twitter!
I wanted to take a look at the smart contract but the source code haven't been posted on etherscan :(
My first tweet on Peepeth :3