Group Details Private
A group filled with blockchain developers. Feel free to PM for blockchain development work.
The wisdom of the crowd predicts that there's roughly a 72% chance of ethereum being above $500 by the end of 2018.
It seems that if you sell shares on this market, you'd effectively be shorting ethereum. If you buy shares, you'd effectively be going long. However, shouldn't a long position cost more of a premium since you're betting in ethereum?
Buy 10 shares at .72 per share = 7.2 ETH @ 460 = $3,312
If you won, you'd receive 10 ETH @ 500 = $5,000 (rather than just 2.8 ETH @ 460 since the price of ETH went up).
Given this, shouldn't more people buy YES shares?
Zombie Battleground is an upcoming video games based on the Loom Network (and developed by the Loom team). Also, they are funding their game on kickstarter.
This project is advertised as the first mainstream blockchain game. It will launch on android and IOS.
What is really interesting about this game is the tech behind it. Loom Network is a sidechain built on Ethereum. The sidechain will operate on DPoS (delegated proof-of-stake) similarly to EOS. This means transactions will have the speed of DPoS and the security of Ethereum.
Thanks to this tech, the game will allow players to have full ownership of their cards. They can sell, buy, trade or even create their own marketplace. The creators of the game cannot do a single thing to stop them.
Personally, I find this initiative very cool. I am excited to see blockchain creeping into the mainstream and witness the new solutions to Ethereum's scalability problems.
@timmarsh I'm still learning about it. But the idea is that you can write mathematical proofs about the possibles states of the program, thus making it making sure 100% that certain unwanted states cannot occur.
How these proofs are made...I don't know yet. It's a really deep subject that I'm just beginning to learn about.
But at least that's the promise. For instance, Rchain specifically mention the DAO hack as being avoidable thanks to their programming language.
As for curation based on tokens, I fear that it would make it so those who don't have tokens will feel like their voice isn't heard, which would turn off new users. For instance, on steemit it takes about 30-40$ worth of steem to increase the value of a post by 0.01$ when upvoting. Any less money in steem than that and the voting power is useless. Most people on steemit have less than 30$ and are therefore without power.
A way to fix this problem might be to offer curation power that is a hybrid between holding tokens and simply being a user. For instance, it might necessitate a huge amount of tokens to delete a post BUT if the community downvotes a post the cost to delete it goes down. If the community downvotes a post to oblivion, only a small amount of tokens is necessary to delete a post.
If a post has positive upvotes, it would be impossible to delete it, no matter how many tokens are held by the user.
There could also be a SPOTLIGHT section where token users can vote which post should be shown there. The decision on who to promote in the SPOTLIGHT section would be determined in the same manner as above, a hybrid between token held and user upvotes i.e. the cost of putting a post in the spotlight decreases if the community likes it.
If an advertiser wants to promote a post that is not upvoted by the community, he better hold a bunch of tokens.
That way those that do not hold tokens will feel like they have an impact on the platform and token holders have power over the system since they own a piece of it. But despite having tokens, they are kept in check by the community.
A registry of ads sounds really interesting.
It's true that the DAO will just vote to supports ads that benefit them, but what if that was the point? The value of the token would come from having the power to determine which ad will be shown during the week or month.
The more popular the platform becomes the more the tokens increase in value.
As for memeeconomy, I don't know much about it. I think it's meant as a joke?