Posts tagged Ethereum
Vinay Gupta has not raised $257 million in an ICO. He is not yet a Bitcoin billionaire. He is not a Thiel Fellow, nor a Thiel Lad (to translate to his native Scottish vernacular). With Bitcoin reaching new highs monthly, the dominating headlines often miss the point of cryptocurrency because it was never about the money or the brand. It’s about interesting people doing interesting things, and Gupta has quietly impacted the world in his own way, doing a lot of thinking over the years (136,000 tweets worth). Gupta helped coordinate Ethereum’s 2015 release, working as a project manager on strategy and communications. He worked as the strategic architect of Consensys, the leading crypto venture studio, and as the designer of Dubai’s National Blockchain strategy. In addition to being the Blockchain Fellow for Digital Catapult, a UK government-funded initiative to increase the amount of innovation in the country, he has two current projects.
via https://www.forbes.com/sites/rahulsingireddy/2017/10/18/vinay-gupta-on-why-ethereum-is-the-future/#1251ba8b56f2
Beyond just another trading instrument, ether is a means to run many services on the Ethereum blockchain, like fuel for energy. Smart contracts when deployed can provide many different use cases. Even as we write, we are already seeing many decentralized applications making use of smart contracts to provide a myriad of services on Ethereum. Below is just a small non exhaustive list of examples.
via https://medium.com/@codetractio/synergy-in-ethereum–52eb8fd6fa2e
Following the attack on the DAO that occurred on June 17, 2016, a pseudo-anonymous group calling themselves the Robin Hood Group (RHG) launched on June 21, a white hat attack on the DAO to secure the remaining 7.2M ether that remained in the DAO.
via https://medium.com/@jackfru1t/the-robin-hood-group-and-etc-bdc6a0c111c3
The [Ethereum] hard fork has provided an example of social consensus overriding machine consensus. This effectively places machine consensus, and therefore immutability (in it’s technical sense) as subordinate to social consensus. Whilst this has been cited by some as an about-turn from all that blockchain stands for, I see it as the opposite, an evolution beyond fundamental ideals toward a more pragmatic understanding of reality in which we recognise and leverage all the value blockchain architecture can offer, but retain (as do all blockchain communities) a measure of power over the underlying ‘hard rules’.
via https://www.linkedin.com/pulse/ethereum-fork-emergence-social-framework-consensus-tyler-welmans