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    Home Unlabelled Ethereum Wyoming energy company to tokenize Oil assets on the Ethereum blockchain

    Ethereum Wyoming energy company to tokenize Oil assets on the Ethereum blockchain

    June 12, 2019

    Ethereum Wyoming energy company to tokenize Oil assets on the Ethereum blockchain

    Wyoming energy company to tokenize Oil assets on the Ethereum blockchain

    Posted: 12 Jun 2019 11:31 AM PDT

    I'm buidling an RPG filled with ETH

    Posted: 12 Jun 2019 02:05 PM PDT

    It's very early stage still. But I'm running a play test tomorrow (Thursday), and I wanted to ask if anyone wanted to come help! I'm hoping to get 25+ people connected at one time to put my server under a bit more load(previously I've had 3 people). It's multiplayer, realtime, text-based hack n' slash, that runs in a browser.

    There is currently a total of 2 Ether Dimes (0.1ETH) hidden within the game. And I'm giving away a third one in pieces as bug bounties for people finding bugs and/or breaking the server.

    ​

    This is an account I made specifically for this post, I don't wish to use my personal account for this. There is no catch, no funny business. I'm not using anyone's computers for mining. Absolutely nothing non-consensual. No spamming or other bullshit. Just building the game of my dreams, and I want some help testing it! I've been working on it nonstop for six months, it's far from done, but I'm hoping by involving a few other people that it will help keep me energized towards the goal!

    ​

    It's pretty niche, there are no images. It's like the combination of a MUD and a Roguelike, currently probably more similar to a MUD.

    If you'd like to help test it, you can sign up below

    http://enceladusgame.io

    ​

    note: the goal is to build a REALLY fun co-operative RPG that revolves around Ether in a very fun and exciting way, so I figure this is a pretty okay place to ask for a bit of help. Thank you all in advance! Please feel free to ask questions! Although I'm not going to disclose exactly how I'm integrating Ethereum, only that it will be pretty cool =)

    Other note: I'm about to get on a plane, so I might be not be around to answer questions for a few hours

    submitted by /u/itchykittehs
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    Synthetix is a disaster waiting to happen - devs have full control of all balances (not a dapp) and the peg backing mechanism is extremely weak

    Posted: 12 Jun 2019 03:48 PM PDT

    Mutability - everything you "own" on synthetix is fully controlled by the devs.
    They admit to it in the whitepaper (page 13 (16 in pdf))":

    "It would be a simple matter to implement a democratic remedy, weighted by havven balance, by which havven holders can freeze or confiscate the balance of any contract that wraps assets.
    Those havven holders are incentivised not to abuse this system for the same reason that bitcoin mining pools do not form cartels to double-spend: because abuse of this power would undermine the value of the system, and thus devalue their own holdings. The credible threat of such a system existing is enough to discourage token wrappers from being used, even if they are written, since any user who does so risks losing their entire wrapped balance."

    The names changed: havven is now SNX and nomins now mean any "synth". SNX holders gain fees from synth movement, but those fees can be escaped by wrapping synths in a contract (like WETH). Their solution? Threaten confiscation of wrapped synths.
    Is it a credible threat on the contract side? Yes: sUSD contract. It's a contract proxy.
    The target contract is set by: 

    function setTarget(Proxyable _target) external onlyOwner { target = _target; emit TargetUpdated(_target); }

    the owner, at the moment, is 0xb0A23F40De7F776A4f20153e8995eD3E7D7c8487 - a normal ethereum address.
    The owner of that address can do literally everything - lock, confiscate, arbitrarily change balances, or just kill the system by changing the target contract address.

    This alone should be enough to stay away.

    Problems with the peg mechanism.
    I started writing an analysis, but found a good one already existing here.
    In short, the backing system only works as long as fees grow. The moment the growth stops, it collapses. It's not backed by ETH (like DAI currently), not even SNX, but only by a future discounted value of paid fees.
    Why does the system sort-of work currently? Because of manual (ie. effectively bank account-backed) peg, admitted in the whitepaper as an early stage: "Given that it's necessary to encourage liquidity, but not all the mechanisms outlined in this paper will be operating yet, issuance will be by the foundation itself, and potentially other white-listed addresses it trusts. In this way, the stability of the token is maintained by direct market intervention by the foundation." (p24/27)
    As long as they continue to do that, the synths are probably going to work, but in a fully centralized manner.

    The centralization and full control over funds creates a legal issue. Synthetix is de facto a centralized CFD platform with no kyc/aml at all. It's virtually certain they are breaking securities and money transmitter laws in most countries in the world, especially as they plan to introduce stock CFDs. Very similar to 1Broker which was raided in 2018.

    submitted by /u/nootropicat
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    Timeline for 3–6 Character .Eth Name Reservation, Auction, and Instant Registrations

    Posted: 12 Jun 2019 12:28 PM PDT

    ConsenSys Ireland developers answering questions on Ethereum Stack Exchange

    Posted: 12 Jun 2019 08:48 AM PDT

    Into the Ether - Talking Ethereum with Ameen Soleimani

    Posted: 12 Jun 2019 05:48 AM PDT

    ERC-1155: A new standard for for representing virtual items on the Ethereum blockchain that allows the creation of multiple types of tokens in the same contract

    Posted: 12 Jun 2019 02:31 PM PDT

    Introducing Ethereum Grid

    Posted: 12 Jun 2019 01:14 PM PDT

    3Box Threads: A Chat System for Decentralized Apps

    Posted: 12 Jun 2019 06:06 AM PDT

    Synthetix has been climbing the DeFiPulse Charts and is now having their first Community Governance meeting. Anyone interested in DeFi should attend.

    Posted: 12 Jun 2019 12:03 AM PDT

    Is there a comprehensive, updated list of Layer 2 solutions being worked on for Ethereum?

    Posted: 12 Jun 2019 12:51 PM PDT

    In the past year I've taken an interest in OmiseGo's plasma solution, as well as the Plasma Group in general, and I was curious if there were others with notable progress with active 2nd layer networks running in some form today.

    ​

    I know Layer 1 scaling has been popular lately, but I was curious if there was a good resource for Layer 2 scaling and what progress, if any, has been notable or commended by the community.

    submitted by /u/jdero
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    First Austria “Crypto Stamp” on Ethereum blockchain ���� ��

    Posted: 12 Jun 2019 03:57 AM PDT

    ENS domain: Who can I make sure I get my name?

    Posted: 12 Jun 2019 07:54 AM PDT

    Hello, the ens domain system work as an auction system where everyone can see the domains on auction.

    ​

    1] Where are all those domain in auction? I've look at https://enslisting.com/live and there is nothing at the moment. It's odd isn't it? Am i on the good website?

    ​

    2] How can I make sure I win for my own firstNameLastName.eth ? I'm scared there are bot with lot of ETH bidding on every auction automatically. Am i paranoid or is it happening in real?

    ​

    3] I don't quite understand the renew system. What's happen after 1 year, the domain is put back in the auction? or you can renew it for a small amount (like DNS name)?

    ​

    Thanks for your answers

    submitted by /u/Laura54069
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    Gaming giant Ubisoft plans to nurture 'player commitment' by building on Ethereum's blockchain

    Posted: 11 Jun 2019 11:29 PM PDT

    ETH/Burner Issues

    Posted: 12 Jun 2019 11:17 AM PDT

    Sorry to repost the following but does anyone else have any ideas?

    I exchanged DAI to ETH within my xDai/Burner thing, and it's all gone. It went out successfully but didn't ever come back in as far as the Burner's concerned.

    My Etherscan still currently shows the $25 of ETH that I expected to have:

    https://etherscan.io/address/0x8c05d6dd4b3dd1b35d4b6916bca9a4884c74b128

    However I can't see or exchange a thing within my Burner - the Burner wallet is definitely the same as listed above. The developer of Burner mentioned a possible problem with "my connection to Infura" and asked if I was using MetaMask but I literally don't have a clue what these things are unfortunately :(

    https://imgur.com/a/2ao4gKp

    submitted by /u/tylersands1
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    Augur Weekly Report — June 12th

    Posted: 12 Jun 2019 07:14 PM PDT

    Overcoming economic stagnation with Ethereum tokens

    Posted: 12 Jun 2019 09:55 AM PDT

    Hello all,

    ​

    I recently wrote a paper titled "Overcoming economic stagnation in low-income communities with programmable money" which suggests the use of an Ethereum-based token to improve upon the concept of local currencies and help drive economic development. It's a very new research space a the Ethereum implementation shown still needs some testing/upgrading so I'd be glad to get some feedback and possibly contributions.

    ​

    Let me know what you think!

    ​

    (Longer) Abstract: https://drive.google.com/file/d/1XfSbxNhHTavPnjKLy7BfQBl4HDAtFWXA/view?usp=sharing

    ​

    Paper (30 pages):

    https://drive.google.com/file/d/1ZZOs0QvcJb72_UOseG7Qh_Brdi7-ogtu/view?usp=sharing

    submitted by /u/brodagaita
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    Ethereum Explorer

    Posted: 12 Jun 2019 09:03 AM PDT

    We at DLT Labs have been developing an Ethereum Explorer https://dlethexplorer.dltlabs.com/ let me know any reviews and comments for this explorer.

    submitted by /u/ayushyachitransh
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    Let's Talk ETC! #85 - Donald McIntyre - ETC Coordination, Standards Wars, Proof Of Work & More

    Posted: 12 Jun 2019 05:42 PM PDT

    What is the going to be the first contract to cost $1000 to execute and be totally worth it?

    Posted: 12 Jun 2019 05:06 PM PDT

    Which contracts are going to be the most expensive in the future and what do they do? The ones costing hundreds or maybe thousands to execute and still be a bargain? Because the alternative would be worse.

    submitted by /u/N0tMyRealAcct
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    ERC20 on-chain token activity in 2019 - tokenanalyst.io

    Posted: 12 Jun 2019 09:15 AM PDT

    REQ API is out!

    Posted: 12 Jun 2019 08:07 AM PDT

    #2 A History of Decentralization

    Posted: 12 Jun 2019 04:42 AM PDT
    Read more
    at

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