legolassexyman
Joined 9 years ago
Joined 9 years ago
Bitcoin does enable some interesting monetary ideas like demurrage, or constant recycling of the money supply. It also runs "open loop". This is implemented in some super small cryptocoins like Freicoin.
It runs pretrained NN, which is the cheap part. So this is a chip optimized to preform floating point multiplication and that's it.
This is sure to save me money on my power bill after marathon sessions of "Not Hotdog."
Please see this article to get an idea of the personalities involved:
http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-bu...
Now why hasn't there been as much publicity about this? Is it because Vitalik Buterin is a wunderkind genius who simply beat them to market? Nope, the Bitcoiners are simply being more responsible and making sure they get the formula right before rushing to market.
This philosophy permeates the community of Etherum development.
Bitcoin disabled most of the smart contracts op codes for a very good reason.
I wouldn't recommend putting anything of value into an Etherum smart contract and find a project with more responsible developers who take a more "wait and see" approach.
Have you ever purchased a bond? Ever wanted to sell one on the secondary market? Ever heard of the Securities Transfer Agents Medallion Program? You will if you try to trade bonds in the conventional way, which is a huge pain in the ass.
There is a lot of room for improvement by implementing the blockchain.
Also the lead developer is some kid who believes very much in moving fast and breaking things. This philosophy may work for a social network site but not for other people's money.
How many terrible bugs have been discovered in Ethereums short history? Too many. Additionally the size of its blockchain has already passed Bitcoin. It's file size is growing so fast and will pose a serious technical problem.
Between this news and the DTCC using blockchain for CDS it seems to me that Bitcoin is going to get left behind by the old world companies it sought to replace. Blockstream seems too happy to sit on their hands while the speculative value of Bitcoin increases, not realizing that the chance to actually matter in the world of finance is slipping through their fingers.
Bad news for Bitcoin: http://m.nasdaq.com/article/dtcc-to-launch-blockchain-credit...
It doesn't have to be this way. There are standards for high performance HMI design where nothing is colored in unless it is an alarm condition.
I usually have to end up designing things the "bad way" because of customer expectation/demand. Some guy designed a screen back in 1989 and that became what they expect.