Author Topic: Truthcoin: The Second of Two Blockchains?  (Read 16848 times)

koeppelmann

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Re: Truthcoin: The Second of Two Blockchains?
« Reply #30 on: November 29, 2014, 10:04:25 pm »
I agree that most ethereum contract wich people have thought of so far are basically moving money based on certain conditions.

I guess that can all be done with a prediction market - even if I don't know if for some usecases manual verification of facts is to expensive. And forks with purely/mainly automated verification and low volumes are probably not reliable...

However, I think ethereum contracts can go beyond that.
I made a proposal for a "unconditional basic income" coin that is build up one a reputation system/ group verification system. I don't see how this can be implemented with truthcoin:
https://forum.ethereum.org/discussion/1598/basic-income-circles-reputation-market-based-approach-to-solve-the-identity-problem-sybil-attacs

psztorc

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Re: Truthcoin: The Second of Two Blockchains?
« Reply #31 on: August 03, 2015, 08:29:26 pm »
Article on Ethereum's applications: all entirely oracle (or gambling) based, just as I predicted: http://aakilfernandes.github.io/impossible-things-now-possible-with-ethereum/
Nullius In Verba

Bitcoinfan

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Re: Truthcoin: The Second of Two Blockchains?
« Reply #32 on: August 12, 2015, 07:52:26 pm »
FYI

https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-237-the-stars-that-shine

Latest Let's Talk Bitcoin discusses Andreas A., Adam B Levine, and Stephanie Murphy's opinion of Bitcoin will be the only cryptocurrency to survive. 

Summary: ABL believes there will be many different cryptos.  He in past has likened alt-coins to being different on-ramps to the highway which is bitcoin. 
                 AA believes that in the foreseeable future Bitcoin is the winner, but it will not be a winner take all scenario.  He has stated before that there will be 5 or 6 major crypto currencies and bitcoin will be the largest by magnitudes.  As oppose to seeing it as a competition between the 5 or 6, he sees them all working synergically. These other alt-coins will help fill needs are aren't appropriate for Bitcoin.  However, he does think it is possible, yet highly unlike that alt-coin will overtake bitcoin, unless it offers something drastically different.  Ethereum is one that potentially could, but they still have to much to prove and iterate.  Conclusion he is not quite a Bitcoin Maximalism but believes the Satoshi Consensus Method (longest chain) is the greatest innovation and irreplaceable feature of Bitcoin 
« Last Edit: August 12, 2015, 08:05:27 pm by Bitcoinfan »