Why I think we should ignore the Ethereum (ETC) investment trust (self.ethereum)submitted by Two main points: 1) ETC is the only major cryptocurrency that wasn't founded on innovation or technological progress.Rather, it was founded on belief systems relating to abstract concepts of immutability and blockchains.The problem for ETC is that the DAO is last year's news, and it's fading quickly from the public conscience.Its mostly now thought of as a mistake that people learned from and from which they have moved on, and ETH IS moving on with amazing speed.What ETC wants more than anything is to bog people down in public disputes on childish topics like "what is the original Ethereum?"and "Vitalik rules ethereum as a dictator" rather than have people focus on technological progress.Any legal dispute over a trade mark would give Barry Silbert exactly the kind of publicity he loves and provide the perfect platform to engage in more boring debates about ETC being the original chain and, more importantly, portray the ethereum community as deeply divided.

Furthermore, it could distract the EF from much more important work on the protocol and DAPP development- it is these development efforts and maintaining a positive community presence, not trademarks, that are the most important assets for long-term success of ETH.bitcoin april graph2) Why is everyone so worried about these so-called investors who are going to be tricked into buying ETC?gems bitcoin socialIf this really happens, let them sue Barry.bitcoin miner gearIn fact, any legitimate investor who is going to invest in this ETC fund probably knows what they are buying.iphone bitcoin paper walletIn fact, the MAIN marketing campaign that Barry will use is related to how upset the ETH community is over this fund- this is not a fund for your average Joe- its basically just for Bitcoiners and a few profiteers who think it will distract the ETH community especially if they see the publicity from a lawsuit.bitcoin miner for chrome

DONT LET IT DISTRACT.Fringe movements need attention to survive.Let the investors worry about themselves.Get on with more important work.π Rendered by PID 14953 on app-223 at 2017-06-24 12:49:05.816169+00:00 running 3522178 country code: SG.bitcoin billionaire app storeIn this episode we catch up with the founder of Ethereum, Vitalik Buterin, and dive into its implications in the world of cryptocurrency.bitcoin authority in indiaEthereum is considered the most exciting innovation using blockchain technology, as its use cases go beyond that of bitcoin and could eventually have more overarching effects on how we run the world.bitcoin joomla extensionHowever, after a recent hack of its Decentralized… Read More Co-opt vs.litecoin iphone

| Trust Disrupted: Bitcoin and the Blockchain S1:E6 Ethereum's Blockchain | Trust Disrupted: Bitcoin and the Blockchain S1:E5 Blockchain on the Rise | Trust Disrupted: Bitcoin and the Blockchain S1:E4Who do you trust?I’m giving away free money.And where…is the Batman?He’s at home, washing his tights.” The Joker, Batman (1989)About 1 year ago, I stumbled on Ethereum.Over the course of a year of trying to build applications of Ethereum in the corporate financial space, I was gradually exposed to the concept of decentralization.The more I learned about decentralization, the more I became convinced that decentralization will lead to a more fair society where monopolies lose their stranglehold over some of our key economic sectors (and possibly even government sectors).I’m also starting to be convinced that centralization is is one of the great societal errors of the information age.When thinking about what’s actually needed to begin change, one key element I saw missing is the ability of people to be able to trust people who they 1) may not know or 2) may not know well.

I have been working with the idea for a few months.With commitments at work, home, etc. it was very difficult to find the time to actually make it.So, I took a week of holiday and went to Tallinn, Estonia.I locked myself in a hotel room for a week and just went at it.The Trust Score App (Beta of course) is what came out of it.Thank you Kobi, Fabian, and Tibor.They helped me on a long, hard 1 year journey that took me from the Intro to Computer Science in Python course with Udacity to building distributed apps (well still a little way to go before building a fully distributed app, but getting there :) Before them, I had no idea what Geth, Meteor, structs, reactive variables were nor did I even know something as simple as being able to hold alt and left arrow to move through terminals / code quicker.The app has a long way to go, but I have come a long way from those first skype sessions.Introducing Trust Score (Beta)www.nantium.techTrust Score is a probabilistic estimate of an agent’s trustworthiness within the Ethereum decentralized economy.

Before taking any risks to an agent, you can insert the other party’s address into Trust Score to see how likely you are to have a good transaction with him or her (relative to other addresses).Ethereum’s ability to function as an escrow works well.However, escrow in isolation has limited application in a fully decentralized economy.Trust Score is designed to give you confidence that the party your are transacting with will act in good faith.If you feel that the other party in your transaction did not act in good faith, you can file a complaint through an Ethereum contract that will ultimately penalize the other party’s score.Even if this is not a strong enough deterrent to resolve your dispute with the other party, it will reduce the willingness of future actors to enter into transactions with the other party.The current price to file a complaint is 0.01 Ether.Example Use CasesPurchasing from Distributed Market Places — You want to buy something from somebody, but you’re concerned the goods may not arrive.

You search the seller’s Trust Score and see the seller has a good score.If for some reason the goods don’t arrive, you file a complaint via the Ethereum contract to penalize the person’s trust score.Making Peer-to-Peer Loans — You want to lend money via Ethereum.You can use Trust Score to make good guesses about who will pay you back and file complaints against people who did not pay you back.Working with Free Lancers — You hire someone to paint your house and pay for it with Ethereum.One week afterwards, you find out that the paint washed off the first time it rains.The freelancer has moved countries and refuses to give you a refund.You file a complaint to hurt his Trust Score to help reduce the change the other people will use him.Filing a ComplaintAsk yourself, “did this person make a reasonable effort to deliver his/her part of the transaction?” If a package arrived 1 day later than expected, this probably doesn’t warrant filing a complaint.From the address you entered into the transaction with, send 0.1 ether along with the transaction hash (the only input required) to:Current Address: 0x0893f3313B445082D18c646A7083b2eE0Ce22873function to execute: file_complaintContract ABI: [{“constant”:true,”inputs”:[],”name”:”creator”,”outputs”:[{“name”:””,”type”:”address”}],”payable”:false,”type”:”function”},{“constant”:false,”inputs”:[],”name”:”withdraw”,”outputs”:[],”payable”:true,”type”:”function”},{“constant”:false,”inputs”:[],”name”:”kill”,”outputs”:[],”payable”:false,”type”:”function”},{“constant”:false,”inputs”:[{“name”:”new_price”,”type”:”uint256"}],”name”:”change_price”,”outputs”:[],”payable”:false,”type”:”function”},{“constant”:false,”inputs”:[{“name”:”transaction”,”type”:”string”}],”name”:”file_complaint”,”outputs”:[],”payable”:true,”type”:”function”},{“inputs”:[{“name”:”price_complaint”,”type”:”uint256"}],”payable”:false,”type”:”constructor”},{“anonymous”:false,”inputs”:[{“indexed”:false,”name”:”sender”,”type”:”address”},{“indexed”:false,”name”:”transaction”,”type”:”string”}],”name”:”complaint_announcement”,”type”:”event”}]BetaThis app is in Beta.

The user interface is a bit rough, the Trust Score algorithm will require further adjustments, and filing complaints is not the most user friendly either.But, this will improve over time.What does the Trust Score tell me?A probabilistic measure of each Ethereum address (that has had at least 1 transaction) is calculated to estimate its trustability.This measure is used to rank each address relative to the others and group into percentiles.So, a Trust Score of 99% is great.A Trust Score of 5% is not so great.How is this different from reputation scores on sites, applications, etc?The main differences are that those systems can be weak indicators of trust due to actors “gaming the system” and they are limited to specific sites, apps., etc. Trust Score stretches across the entire Ethereum network and will (hopefully) outlive the success or failure of individual distributed marketplaces as those reputation systems disappear when the application is discontinued.I change my address after every transaction.

How can this work for me?New addresses will have a low score.If you change addresses often, you will not be able to a reputation with Trust Score.I fully support people who want to do that, but the plan to offer a solution for this is quite distant.Will you be changing this to a full distributed app?YES!That is one of the long term goals as components like IPFS, Swarm, etc. continue to take off.Isn’t this a dangerous path for Ethereum?Possibly.There is some danger that this avenue could be destructive for a decentralized economy if extrapolated well beyond what the Trust Score does today.However, the danger for this specific application is quite minimal and still preserves anonymity.From a privacy aspect, people wishing to maintain a Trust Rating for a specific address are potentially giving up anonymity.In a future release, an option to “forget me” will be included for free that will allow owner’s of the address to have their address removed and if searched, will simply generate the message “unlisted.” Decentralized privacy advocates are right to be concerned but should draw the line of what’s acceptable and not acceptable at a reputation system that requires identification of the agent behind the address.Share