cburgdorf
Joined 12 years ago
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196
Submissions
62
Member since
Feb 13
Recent submissions
Comment · 4 years ago
Even more so because realistically you need to set it up somewhere where electricity is cheap which which is a centralizing force in itself. Also you need to have a really efficient mining rig for it to be profitable. With Ethereum PoS you can easily home stake on a Raspberry Pi which means it is much easier for regular people to participate.
Comment · 4 years ago
There are a lot of well proven live projects that use external oracle data and haven't suffered any serious issues. Just throwing DAI and RAI out as examples.
Comment · 4 years ago
There are many smaller scale things happening. Most are financial use cases but I'm trying to stick to non-financial ones here.
There's a platform called royal (https://royal.io/) which lets you fund artists and their albums. You can essentially co-own their song rights and collect a share of the royalties when their music is played. It's getting really interesting once composability comes into play. E.g. you can make indexes of song rights for country, rock, pop, electronic etc. pp. And once you have that you might put other financial derivatives on top and can go 2x long on country music and 2x short on pop music. There interesting aspect is that big music labels always were able to go short on some genre and long on another because they effectively decide which artists to fund. It's just that with these open protocols we the regular people get to do the same directly. And as a fan we get directly rewarded for helping our favorite artist to spread there music.
There are many interesting use cases and platforms emerging in the blockchain world. It just takes time for things to go mainstream.
Comment · 4 years ago
Let's assume rich countries of the world (e.g. G7) set up a climate change fund in a smart contract. They could just lockup some funds there to be claimable after x months/years for any country (except the G7) proportionally to how far they managed to reduce their CO2 emissions. This assumes that we can trustlessly get the CO2 emissions for all countries (Let's just assume satellites can provide that data in a trustless way to the blockchain via some clever oracle mechanism).
Instead of having a handwritten weak contract like the Paris climate act, you'd have actual enforceable code that can not be gamed. I'm obviously oversimplifying things here but this is just to give an idea how blockchain tech can improve coordination games in the future.
Comment · 7 years ago
Christoph, founder of the project here. I recently came across the Estonian meaning and jokingly used it as an explanation for the project name when I gave a presentation. However, the real story is that Lahja is the name of my daughter and I selfishly named this project after her :)