TaulantRamabaja

Oh wow. Thank you so much for this realization!

I see that Codius requires a way to find non-colluding nodes to process your contracts. Mining is terribly inefficient and slow (can be fast with the GHOST or DECOR protocol though).

Looks like Codius might fit perfectly with the Bitshares Delegate system. The top 101 delegates could become the trusted list of Codius code processors. All Delegates could check the output hash of the contract of every other delegate and kick out the malfunctioning or bad delegate out of Bitshares altogether, just as they already do for transaction confirmation issues.

On top of that the Codius processors could be paid instantly with Opentransactions tokens which represent Bitshares based bitUSD/EUR/RMB, etc.

I highly doubt Ethereum could do better than this. This setup would be fast, secure, super profitable for delegates, and it would not suffer transactions per second limitations as much.

This is shaping up to be AMAZING.

Yep, coin modification and implementation, crypto consulting, 3rd party services, payment gateway integration, or general product development.

The crazy thing is that nobody really knows what team/technology will win the race. There several blockchain 2.0 projects out there, all with different technological inovations. Bitcoin itself will almost certainly be eclipsed in a few months/years.

I have a hunch that we'll see Bitshares DPOS consensus algorithm partnered with Ethereum's turing completeness combined in one DAC. Open Transactions will most likely become the equivalent of the web browser to TCPIP.

We're still at the veeery early stages of the blockchain development. Our team is extremely excited to have caught the wave so early and to work with such great startups and people.

Our for-contract bitcoin dev team already uses 2 of 3 multisig escrow for all bitcoin payments.

Its better than anything else I've ever used cross border. The weekly price volatility is currently lower than the cut any good professional escrow service would take. Furthermore the transaction goes through in an instant.

Once crypto assets which track USD, Euro, Yen, RMB pop up with turing complete scripting build in... man that's going to be a different world.

incomethax already mentioned that this is essentially supplemental insurance.

Basic Income is needed because while productivity increases the ownership of these productivity increases are centralizing in the hands of a few. Through system-effects these centralization are leading to further rent seeking than could have happened before.

To give an example. It is game theoretically highly likely that there can only be one centralized social network such as Facebook, simply because the cost of centralization is lower than that OF decentralization (think diaspora). However, the cost of switching to another service doesn't make sense to a single user, hence rent seeking becomes possible. Telcos are another good example. To change this paradime the cost of decentralization has to be significantly lower than the cost of centralization, even to each individual user.

So the real problem isn't that all people are not paying into such an insurance contract, rather that the rent seekers are able to seek out rent at increasing scale while contributing ever less to society. Any BI fund would logically need to be funded by taxing the rent seekers rather than normal people who's productivity gains normally don;t lead to rent seeking due to more liquid markets for employees.

Taxing land, monopolies, money (through demurrage rather than inflation) and adding all of those funds to BI would make a lot more sense. Think Norway Sovereign Fund or the Alaska Fund.

This would need an extremely robust real world identity system. If this was left to governments somehow, then the identity system itself would become the single point of failure and the main way to game the system through corruption. This is already the case in developing countries where deaths are purposely not recorded in order for the relatives to collect pensions and other contributions.

Building such an identity system algorithmically on top of a social network also doesn't seem to make sense because this can be cheated too.

One solution that might work would be to prove that you are a conscious person to a system like ethereum through a "Ghost Key" like in Ghost in the Shell. Assuming that there is a way to "fingerprint" each person's ghost, such as creating a hash of something that doesn't change, that could be like e key to such funds. I highly doubt that there is something constant in the human connectome though.