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    Home Unlabelled Ethereum Vitalik Buterin on better ways to fund public goods, the blockchain’s failures so far, and how it could yet change the world [3 hour interview]

    Ethereum Vitalik Buterin on better ways to fund public goods, the blockchain’s failures so far, and how it could yet change the world [3 hour interview]

    September 03, 2019

    Ethereum Vitalik Buterin on better ways to fund public goods, the blockchain’s failures so far, and how it could yet change the world [3 hour interview]

    Vitalik Buterin on better ways to fund public goods, the blockchain’s failures so far, and how it could yet change the world [3 hour interview]

    Posted: 03 Sep 2019 04:12 PM PDT

    Introducing Oracles V2 and DeFi Feeds -- MakerDAO Blog

    Posted: 03 Sep 2019 05:45 PM PDT

    Live now: Devcon5 Final Ticket Appeals

    Posted: 03 Sep 2019 08:07 AM PDT

    What do you think about implementing a staggered issuance reduction on ETH 1.x

    Posted: 03 Sep 2019 11:44 AM PDT

    Golem - Brass Beta 0.20.2 - introducing incremental and important updates for Blender, gWASM and Golem Unlimited, plus a new Linux Installer, smaller and faster CLI, and more!

    Posted: 03 Sep 2019 07:00 AM PDT

    The LAO: A For-Profit, Limited Liability Autonomous Organization

    Posted: 03 Sep 2019 04:36 PM PDT

    Geth v1.9.3 - Tasty Tankard: All Istanbul EIPs in + some other niceties

    Posted: 03 Sep 2019 02:24 AM PDT

    Looking for feedback on my new DeFi tutorial: Automated Asset Management with Set Protocol.

    Posted: 03 Sep 2019 05:48 AM PDT

    Wanted to thank the community for positive initial feedback on DeFi Tutorials. It seems like a lot of people want to 'test drive' new DeFi products through hands on tutorials before playing with their own money. I started making these tutorials to:

    - Highlight new opportunities & risks involved.

    - Build up an independent 'Dapp UI auditing process' which makes sure front-facing applications are transmitting users' intended transactions to smart contracts.

    But this is just the beginning, still a lot of work to do. Please share your feedback so I can make these better for you.

    Thank you!

    Set Protocol tutorial: https://defitutorials.substack.com/p/automated-asset-management-with-set

    Nodar (https://defitutorials.com/#about)

    submitted by /u/nodarj
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    Proposal for custodied ownership for security tokens under the ERC 1400 umbrella

    Posted: 03 Sep 2019 06:56 PM PDT

    As part of the ERC 1400 security token standards a new proposal to differentiate between beneficial and custodied ownership of an asset has been submitted:

    https://github.com/ethereum/EIPs/issues/2258

    ERC 1400 is a library of interoperable security token standards that is being built upon by Polymath (disclosure - where I work), Consensys and several other organisations in the ecosystem.

    Custody is a key issue with regulated securities on Ethereum, and in particular their use in DeFi protocols (e.g. Maker MCD, Compound) - this ERC proposes a new approach towards differentiating between beneficial ownership and custodial ownership which allows the beneficial owner to continue to receive dividends and participate in corporate governance whilst allowing the custody provider to have strong guarantees around changes in beneficial ownership.

    Looking for any technical feedback or commentary on the ERC - the medium article below also has some more explanation:

    https://blog.polymath.network/erc-1400-custodial-ownership-899ec175f96b

    submitted by /u/adamaid_321
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    How Ethereum spearheaded DeFi and what DeFi apps constitutes of

    Posted: 02 Sep 2019 11:35 PM PDT

    The Rise of DeFi

    DeFi products are built on public blockchains such as Bitcoin and Ethereum. The rise of DeFi stems from the creation of Bitcoin, which kickstarted our movement towards a financial system that would be accessible to everyone.

    However, Bitcoin users quickly realized that due to the way Bitcoin was designed, it's use-case was mostly constrained to simple payment transfers. Ethereum was thus born out of the vision for a form of money that could autonomously execute certain actions — today known as "smart contracts".

    While the first form of smart contracts was generally simple (for example, ERC-20 tokens), the Ethereum community quickly developed more complex contracts such as DAOs (decentralized autonomous organizations), and most recently, DeFi applications.

    DeFi applications today fulfill the vision of Bitcoin by allowing complex financial products, such as lending and borrowing platforms like Set Protocol and Dharma (whose creators first coined the term "DeFi"), asset management tools like MelonPort, algorithmic stablecoins such as Dai, and decentralized exchanges (DEXs) such as Switcheo.

    Characteristics of DeFi Apps

    Although each DeFi product may provide different types of financial functions, all DeFi apps possess one or more of the four key characteristics below, and a fully decentralized DeFi app would fulfill all of these goals completely.

    1. Does Not Rely On Trust

    The first and most crucial attribute of a DeFi product is that it doesn't rely on trusted entities.

    In a traditional financial system, we often have to rely on trusted entities. For example, we trust our bank to keep our dollars safe and trust the government to not inflate our currency in an unstable manner. This is normally taken for granted by individuals living in first world countries, but there are multiple instances where this trust has broken down across the world, such as the recent hyperinflation in Venezuela.

    In a DeFi app, the system does not need to rely on trusted entities as the financial value is securely stored (or transferred peer-to-peer) using smart contracts, which cannot be modified after being created on the blockchain. A DeFi smart contract would also be programmed with certain rules using mathematical/economic models, or game theory to achieve a certain financial characteristic or goal (e.g. a stablecoin).

    DeFi smart contracts would also typically be programmed such that each user's assets would only be controllable with the owner's private keys in order to achieve this goal.

    2. Can Be Accessed By Everyone

    The second attribute of a DeFi app is that it is permissionless.

    Gatekeepers in traditional institutions like banks can deny their services to customers, while governments can limit their citizens' access to various financial markets or instruments (e.g. stock market).

    On the other hand, since anyone can use widely available cryptographic software to generate private keys and begin interacting with DeFi apps on the blockchain directly, it is hard for 3rd parties to block access to them.

    For example, with just an Ethereum wallet, anyone can interact with the Uniswap smart contract on the blockchain by invoking it through any public Ethereum node directly — without registration, or giving personal data to a gatekeeper!

    We can see that besides being permissionless, other benefits such as better personal data privacy and quicker onboarding arise.

    3. Can Be Verified and Validated By Anyone

    The third characteristic of DeFi products is that they're open and transparent.

    Centralized institutions are built upon internal services where transactions are private and only viewable by their personnel. DeFi products, on the other hand, run on public blockchains where data and transactions are typically easily viewable or traceable by anyone.

    DeFi products' codebase is also open-source, allowing anyone with the correct expertise to verify that these products are built to perform as advertised and that they do not have security flaws that could compromise users.

    Users of DeFi apps, therefore, benefit from an economic externality, where the "security level" of a DeFi app increases with its age and usage levels because more eyes would have examined it.

    4. Cannot Be Shut Down Easily

    Finally, a DeFi app cannot be shut down easily as it is decentralized and does not have a single point of failure. This typically means that the entire app's infrastructure should be distributed across multiple locations and entities.

    DeFi apps can do this by running its backend directly on public blockchains (e.g. smart contracts on Ethereum), or sidechains with a large number of incentivized nodes, and hosting its frontend on decentralized filesystems like IPFS.

    As long as just a small portion of nodes or actors is able to serve users, the application will still be accessible by users. This makes DeFi apps resistant against shutdown from even powerful actors.

    ---

    The information here does not belong to me and is extracted from this article: https://medium.com/switcheo/switcheo-discovery-what-are-defi-applications-aa79e47ace98.

    If you are new to what DeFi is, its a good read about how DeFi came about and what are "DeFi" apps.

    submitted by /u/blurbarryx
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    Ethereum and The Seven Dwarfs — Placeholder

    Posted: 03 Sep 2019 06:57 AM PDT

    First Crypto Online Multiplayer 3D Game! - Blockchain Games! (Dapps) - FASTECO

    Posted: 03 Sep 2019 02:33 PM PDT

    Jacob Horne on Twitter:Internet (1977) + DeFi (2019)

    Posted: 03 Sep 2019 09:22 AM PDT

    The New and Improved 0x Docs

    Posted: 03 Sep 2019 12:58 PM PDT

    Streamr has launched its Core app and invites you to a webinar introduction and Q&A tomorrow at 13:00 (GMT+1)

    Posted: 03 Sep 2019 01:41 PM PDT

    Me, my strix vega 64, and eth mining

    Posted: 03 Sep 2019 07:22 PM PDT

    Kadena says, “I’m a Classic...Free Private Blockchain”

    Posted: 03 Sep 2019 02:59 PM PDT

    Kadena has issued a scalable permissioned blockchain on Azure for free through the Azure Marketplace. They took similar steps last year with AWS.

    By providing a free solution, the free, permissioned blockchain on Azure is marketed as enabling companies in their inevitable trajectory to becoming comfortable with blockchain technology. Providing a free service hinges on the assumption that enterprises will build a Proof of Concept (PoC) without putting too much skin in the game.

    submitted by /u/blockstasy
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    ConsenSys Academy Developer Program Bootcamp: Scholarship Application Page

    Posted: 03 Sep 2019 09:15 AM PDT

    Top 6 DeFi Apps freeing us from banks

    Posted: 03 Sep 2019 11:42 AM PDT

    Building an Ethereum Dapp With GraphQL

    Posted: 03 Sep 2019 01:17 AM PDT

    BLOCKLORDS is coming to Ethereum after completed launches on two other blockchains and is now introducing NFT Heroes!

    Posted: 03 Sep 2019 05:34 AM PDT

    district0x Dev Update - September 3rd, 2019

    Posted: 03 Sep 2019 08:47 AM PDT

    Tax shelter your crypto in an IRA

    Posted: 03 Sep 2019 04:50 AM PDT

    Drop a configurable micro-transaction wallet into a web2 app quickly via SDK

    Posted: 03 Sep 2019 10:52 AM PDT

    Jesse Walden on different layers in the blochain ecosystem

    Posted: 03 Sep 2019 02:37 PM PDT

    Interesting take from Jesse Walden on the different layers in the blockchain ecosystem. He describes how different protocols can fill different niches like BTC for a store of value, Ethereum for things like DeFi and DAO's. And new blockchains like PolkaDot Eth 2.0 and Dfinity for decentralized cloud like applications. A fresh perspective as opposed to the tribalism that you often find and a winner takes all view.

    submitted by /u/ocluf
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