Ethereum The Most Incredible Ethereum Poster |
- The Most Incredible Ethereum Poster
- xDai Chain — Let the Decentralization Begin!
- Learning programming with Solidity
- [PoS Question] Will there be any kind of fee when staking or removing your staked eth?
- ENS is an important part of Ethereum, but the structure for 3-6 character ENS domains is problematic and is being pushed through with no consensus!! It should be paused until the wider community stakeholders reach a consensus.
- Can eth smart contract read other blockchains?
- How long does 1 Gwei take to process a transaction?
- Receiving ERC 20 Token to MEW?
- The Token Taxonomy Act and the Future of Ethereum Tokens
The Most Incredible Ethereum Poster Posted: 23 Dec 2018 10:45 AM PST
| ||
xDai Chain — Let the Decentralization Begin! Posted: 23 Dec 2018 12:01 PM PST
| ||
Learning programming with Solidity Posted: 23 Dec 2018 06:32 PM PST So I have basically no coding experience but I do work in tech support and know my way around a computer obviously. The most I've done is command line stuff and HTML/CSS. Ive never really had a great deal of interest in learning to code but now I have few ideas for dapps that I'd like to experiment with. Based on that, would a beginner be able to get into programming by way of Solidity? Or would most suggest getting the basics down with a simpler language? [link] [comments] | ||
[PoS Question] Will there be any kind of fee when staking or removing your staked eth? Posted: 23 Dec 2018 07:18 AM PST Another question, are the staking pools you make called nodes? [link] [comments] | ||
Posted: 23 Dec 2018 06:53 PM PST ENS is supposed to be a fundamental and integral part of web3 and Ethereum, but according to this post, https://discuss.ens.domains/t/announcing-the-ens-3-6-character-auction/754/2 the ENS team has decided amongst themselves to create the new structure for 3-6 char ENS domains where they keep 100% of the auction proceeds. This is not in line with the fair and balanced structure of the 7+ char domains and uses a very different model. At current prices, and compared to the 7+ char auctions, the ENS team stands to grab several Million ETH which is more funds than the EF itself has. There is no clarity on what legal entity will control the funds (will it be the EF?). There is no plan on where the funds will be spent. There is no serious justification why they want to take 100% of the auction procees as apposed to any other number between 0-99. ENS stands for "Ethereum Name Service" -- indicating that it is something for the whole community,. Currently it sounds like 'private group of unaccountable people' Name Serivce to steal your money. [link] [comments] | ||
Can eth smart contract read other blockchains? Posted: 23 Dec 2018 06:25 PM PST | ||
How long does 1 Gwei take to process a transaction? Posted: 23 Dec 2018 08:06 PM PST I did this as a test to send a bit of ETH. It's been almost 5 hours and the transaction still hasn't completed lol [link] [comments] | ||
Receiving ERC 20 Token to MEW? Posted: 23 Dec 2018 09:57 AM PST So I made a Mytherewallet address to receive erc 20 Tokens. I want to receive Matrix AI Tokens( $MAN) although I haven't received them yet. I don't see any token balance nor value? Am I doing something wrong. Please let me know! [link] [comments] | ||
The Token Taxonomy Act and the Future of Ethereum Tokens Posted: 23 Dec 2018 06:35 AM PST Last week, a bipartisan bill was introduced by Warren Davidson, R-Ohio and Darren Soto, D-Fla. I think it's a positive step to providing some much needed regulatory clarity to crypto tokens and blockchain projects. Disclaimer: Nothing here should be considered legal or investment advice.
The bill itself is a relatively easy read (10 pages or so, double spaced). There's interesting ideas about taxes, banks, and SEC regulation in there, but I'd like to focus on the most interesting thing to me: the token definition. A Clear Definition of a New Asset ClassMany people share the opinion that digital tokens on blockchains represent a new asset class. So far when trying to determine what the definition of this new asset class might be, the community largely relies on what it might not be — namely what tokens are unlikely to be classified as securities by applying the 1946 Howey Test. In contrast, the Token Taxonomy Act contains a clear definition of a Digital Token (which is then excluded from the Definition of a Security). It seems to me that the definition in this bill is based around 4 criteria: How it's created, how the ledger works, how transactions work, and what it represents. Creation
Ledger"A Digital Token has a transaction history that is recorded in a distributed, digital ledger or digital data structure in which consensus is achieved through a mathematically verifiable process; and after consensus is reached, cannot be materially altered by a single person or group of persons under common control." Transactions"A Digital Token is capable of being traded or transferred between persons without an intermediate custodian." Representation"A Digital Token is not a representation of a financial interest in a company, including an ownership or debt interest or revenue share." Examining the CriteriaCreationThe most interesting part to me is the "creation" criteria. It first clearly identifies tokens that are mined (verification or collection of transactions). It gets more interesting from there: The key idea of the the second point is that something can be classified as a Digital Token if the rules of "creation and supply" can't be altered by a central person or team. This calls to mind a couple examples: When Augur released on main net, the team assigned the ownership of the REP smart contract to a null address. At that point the Augur team can no longer simply create new REP… meaning the "rules of creation and supply" have been set and are no longer controlled by them. This is often planned by acentric projects and it's a sign that the network has truly become decentralized in nature. On the other hand, Oyster never did this, leaving control in the hands of the founder (who later unexpectedly issued a big pile of PRL token and wreaked havoc on the project and its supporters). The third point is also really interesting — allowing for an "initial allocation" of tokens. This seems to carve out room for pre-sales. I interpret the language to mean that pre-sold tokens are classified as "Digital Tokens" as long as any tokens other than the initial allocation are created according to rules that can't be changed. In addition, the ledger and transaction criteria must be functioning to meet the definition. The joint press release for the bill further speaks to the vision:
Examining Transaction CriteriaThe ledger and transaction criteria are pretty straightforward and describe most crypto projects. A distributed ledger with decentralized consensus — secured by crypto. Transactions and trades that can take place directly wallet-to-wallet with no middleman or custodian. Oh hey, this bill explicitly calls out DEXs. Interesting :) Examining Token Representation CriteriaThe final criteria appears to me to simply state that the token shouldn't represent a share of stock in a company. Themes of Decentralization and FunctionalitySo a digital token can be mined or issued as long as the rules aren't controlled centrally; It must have a crypto-consensus ledger, and transactions and trades should be possible wallet-to-wallet with no custodian or middleman; finally it can't represent ownership in a central company. One common theme that all the criteria have is Decentralization — the more decentralized a token, the more it fits this proposed definition. Furthermore, even though pre-sales seem to be allowed, the network must be functional — the ledger must be working, and wallet-to-wallet transactions/trades must be operational. I might be biased as part of the Ethex.market team — we're a decentralized exchange that only lists useful (functional) tokens for wallet-to-wallet zero-custody trading — but I applaud this bill. I think it's a good step, and I hope to see it, or something similar re-introduced in 2019 (it can't be acted upon in 2018… shutdown or no shutdown). [link] [comments] |
You are subscribed to email updates from Ethereum. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
No comments:
Post a Comment