0wing
Joined 9 years ago
Joined 9 years ago
Maybe you can explain the solution to the problems highlighted?
The actual math amounts to a best effort guess in a lottery for write access to a database.
The network would function just as fast with 3-10 computers as it does with 3 billion times the amount of "computing" power.
In summary, Proof of Work is designed to waste as much energy and capital input as possible.
Even if you are it sounds like you're in violation of The Investment Advisers Act of 1940, 15 U.S.C. § 80b-1 through 15 U.S.C. § 80b-21.
https://www.forbes.com/sites/feeonlyplanner/2011/05/19/are-y...
Seems like a conflict of interest which I'd imagine your lawyer should have been aware of if you're part these two ICO fintech startups - starmine.ai and vectorspace.ai
interesting story from an investor who got burned from the starmine ICO due to inability for starmine to be listed on exchanges:
https://www.reddit.com/r/icocrypto/comments/73xbo2/starmine/
Will the funds be in blockchain escrow to assure Anthony Daniel who is the CEO of Dream Comet Studios will not misuse the funds, or pull an exit scam?
Someone already tried this, and they predictably setup LLC shell companies with empty office spaces.
https://davidgerard.co.uk/blockchain/2018/01/26/children-of-...
If a smart contract relies on an external data source from a normal server (oracle), then why even take the risk of deploying the smart contract?
If you're using an oracle for a data source you might as well do everything on a normal database.
Why not do everything more efficiently via the "oracle" server?