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i like the idea! will test it now

Great collection of essays that, I think, people here will be interested in. Available as a free PDF under the CC BY-NC-ND license.

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: stephanlivera

MEDIOCRE

you could actually do a decent rule one just on that single sentence. It's not actually economics, but psych studies have shown that humans often take an action first and then come up with the justification for why they did a few seconds later. AKA, not all actions are purposeful. Some are instinctual and many 'purposes' are created post-hoc.

Snapshots:

1. This Post - 1, 2, 3

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IMHO, having arbitration at the base level for trivial things such as private key phishing and or disputes between two parties, hampers the network's security and value and should be removed.

IMHO, such problems could be resolved with insurance or arbitration dapps parties subscribe to.

That would be the free market solution.

I can see a case for arbitration at the base layer when major bugs or problems threaten the network/ecosystem, and a solution needs to be chosen between different alternatives.

But in that case, I'd prefer if the solution was adopted by stakeholder voting, not some untransparent entity.

Forced arbitration is being written into more and more terms of agreement and contracts, including those used for employment, insurance, home-building, car loans and leases, credit cards, retirement accounts, investment accounts, and nursing facilities, to name a few.

I think in EOS system, we don't have giants such as big corporations, more disputes will be token holders to BP, or on constitution, the token holders are not in disadvantaged position as consumers to car dealers. Also in EOS, though you need to pay some cost to initiate the arbitration process, the amount shall be affordable.

DPoS is a technocracy.

"Arbitration" is what BPs do and cannot stop doing.

BPs have power and they have humans in them.

Therefore, BPs cannot pretend they don't have power to correct whatever wrongs they can perceive as wrongs.

BPs can delegate their actual power to other humans, e.g. "ECAF", to "decide" what the BPs should do.

There is no such thing as "Opt-In Arbitration." The "Arbitration" is the presence of human administrators who can and will always be able to intervene in the system.

Those humans are there. THEY are the "base layer" and they cannot be removed. And due to human ethics, they cannot just say "I'm going to exempt myself from acting when it can be shown that I could have intervened and helped another person."

Thus you cannot by definition "turn off arbitration in the base layer."

It's there. You can pretend it's not there, but that's a different thing.

If you want to pretend sysadmin human power is not present and available in EOS, you can merely run a referendum asking BPs to turn off ECAF, and ask them to not ever in any circumstance freeze accounts or revert transactions or reset keys "unless someone opts in" or whatever.

And then you have the additional problem of BPs who will be ethically forced to disregard such "decisions" anyway, because they cannot cease to be human.

+1

Makes a convincing case.

+1000 for opt-in arbitration

This plan has Bakkt fired.

Whelp, looks like its saltines and ketchup for dinner for a few more weeks.

I see the future. Laser-etching the blockchain on the surface of the moon. It would be visible to everyone with a telescope.

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On the plus side, at least this should mean 2019 will be a better year than 2018 for crypto investors...

Bakkt in 18 months ^(TM)

Probably got liquidated.

Jesus. Baakt going to be launching dem $100 bitcoins in January

Bakkt up eh

I'll be honest, I'd be surprised if it even went live in January 2019. They have a bunch of really tough problems to solve between now and then. Bureaucratic red tape and insurance compliance is no joke -- yet, Bakkt is going to need to comply with all of it. But once it goes live, I expect a stampede into crypto. (Note, however, that I've been expecting the stampede since $1,200/eth. So, yeah.)

The dumping on this news already happened i’m afraid.

Ultra rekt.

Rekkt

The reason: https://www.cryptoglobe.com/latest/2018/11/bakkt-ceo-why-launch-of-our-bitcoin-futures-contract-has-been-postponed-to-24-january-2019/

Or never if the manipulation keeps being this strong.

It’s probably a ploy to push the price down more for their clients.

Sellllll..../s

How can something be cancelled and postponed?

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Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: B5SF

Let the dump begin! As expected!

Well that sucks

Subscribing to MIT's technology newsletter is a good idea if you haven't. There's some decent tidbits in there. Oddly, Chainlink wasn't directly mentioned in issue #104 that just came out, but the article they just wrote is in their "Loose Change" section as:

•A startup says it has tackled a long-standing problem that has kept smart contracts from responding to events in the outside world. (TR)

https://www.technologyreview.com/newsletters/chain-letter/

Subscribing to MIT's technology newsletter is a good idea if you haven't. There's some decent tidbits in there. Oddly, Chainlink wasn't directly mentioned in issue #104 that just came out, but the article they just wrote is in their "Loose Change" section as:

•A startup says it has tackled a long-standing problem that has kept smart contracts from responding to events in the outside world. (TR)

https://www.technologyreview.com/newsletters/chain-letter/

This is huge! :)

Stay positive? Couldn't be more positive at this point...

That is the wrong approach I guess, since it still relies on the Oracle to provide accurate data

IMO, the Oracle must also be a blockchain that no one can fake. Take that flight delay for example, there must be multiple users giving feedback that the flight is cancelled, just like we see in multiple friends' twitter messages, so that we get good confirmation about the reality. That kind of authenticity is much stronger than the information from the airline company, which typically is either delayed or incorrect

"ChainLink mentioned"

The entire article is about ChainLink lmao

Chainlink is not a startup and Sergey is not its CEO. Chainlink is an open source project. People don't do their research before writing the post.

This could get some good exposure for Link

They just tweeted it to their 850k followers: https://twitter.com/techreview/status/1064608279547052032

https://twitter.com/techreview/status/1064608279547052032

Don't worry I am already dead (for the time being only on the inside)

Got here before the brigading. Nice.

MMOMMY NOOOOOOOOO AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Ctrl + F “Chainlink”

8 results

HOLY SHIT THIS IS IT CHIEF

Emergent govenance = how to make everyone feel involved with no responsibility to achieve anything.

There's a research paper which uses empirical evidence from the financial cryptography conference in 2018. They use data from GitHub to see which chains are really "decentralised" and governed. Egalitarian Society or Benevolent Dictatorship? The State of Cryptocurrency Governance

Sarah Azouvi, Mary Maller, and Sarah Meiklejohn

The Fifth Workshop on Bitcoin and Blockchain Research

3 Reasons for the crypto collapse @JohnMTB/3-reasons-for-the-crypto-collapse-d96391d03628">https://medium.com/@JohnMTB/3-reasons-for-the-crypto-collapse-d96391d03628

Don’t read this. It’s nonsense.

For a more complete idea of shit-storm in the market today-

US markets have closed lower amid renewed trade war fears and a fall in Apple shares.

The tech heavy Nasdaq ended down 3%, or 219.40 points lower at 7,028.48.

The Dow ended down 1.56%, or 395.54 points, at 25,017.68 while the S&P 500 closed 1.8% down at 2,686.19.

Apple slipped more than 3.96% after a report in the Wall Street Journal claimed the tech giant had slashed production orders for its iPhones.

Investors also remained nervous about US-China relations after a messy conclusion to the weekend's Asia-Pacific Economic cooperation summit, where both countries attacked each other in speeches.

Saucy-source

I'm a bit concerned how this is effecting Disney considering it's newly merging with Fox which China had approved.

I would definitely agree MacDonalds and Walmart are affected by US-China tarrifs seeing as they have franchises all over China mainland.

And we already know about Caterpilla.

But it's the other companies in the SP500......

"EVERYONE! LOOK OVER THERE- SYRIA!"

China tarrifs are a huge fuck up.

Supply and Demand.

Walk through a Walmart. Pick up 20 items in the store at random. Count how many are Not made in China.

Wife and I did this. Did not find a non China produced item until our 17th random pick. It was from MX.

Econ 101 at it's most basic level.

I got to watch my IRA nose dive in real time, 9% total loss in one month. Thanks Mr. President, your yuge "Trade Wars are easy to win" economy has helped me bigly...

Or 4....

So, in other words, a correction.

I thought market and stocks were booming under The Donald?

triple that and it might be close. Under 20K for the Dow. 5Kish for the Nasdaq.

OR, it may not.

I don't see any real support until 18,500

that's what happens when democrats gain control of any body of government, investors get scared of potential regulations

This is good for bitcoin.

"Dow plunges after Dems win House, could fall more"

DrUMpF!!!!

Not sure why anyone is surprised. I (and plenty of others) have literally been waiting for this market correction for a while. I thought it was going to happen later, not now.

Yay, so glad the GOP decided Trump was a good idea!

What's been their track record?

Crashin' the market to own the libs.

Yes start a trade war, sign no new trade agreements (TPP), Give corporations and the wealthy a huge tax break and have peoples wages not rising. Who actually thought this wouldn't happen? Worse part is China, Australia, and Germany are slowing down also. This collapse will be taught in schools of what not to do for the rest of human existence.

This isn't a hard crash, it is a bleed-out crash.

Certainly it is troubling, the market has basically flatlined for the entire year going up then down, up then down. It's fun at a theme park, but not when you're trying g to build a retirement account.

I can hear Trump now: "It's Obama's fault ... and don't forget crooked Hillary."
And the 30% will buy it completely. And the GOP in the Congress and the Senate will pretend to.

Thanks, Trump.

self induced bubble is gonna pop.

"How's your 401k?" - Donald J. Trump

Holy shit. The Dow dropped to just above 25,000 yesterday and wiped out all of 2018 growth. At opening this morning it immediately dropped another 500.

I wish I were smart enough to understand their post. Makes my head hurt! >_<

brilliant news. Much more to come off this.

An incredible project, and an amazing technical team. (An astounding legal team as well, haha)

Interstellar means business. I can’t wait to learn what else they’ve been working on.

"Spacesuit" - love it.

phuck man.. InterStellar is becoming more and more fintech with every news release. IMO this is great for what they want to achieve.

Cloak, which builds directly on top of these Bulletproofs constraint system proofs is simply a game changer for enterprise block chain.

This is where the Chain merger is paying it's dues. Bravo 👏

"Our implementation performs the Fiat-Shamir transform using Merlin transcripts to generate such challenges."

Love Interstellar but can someone...ELI'm a human

Some of this stuff goes over my head like a damn rocket ship.

I haven't had my coffee yet but I think these means that we now have zero knowledge proofs and private transactions on Stellar.

If so then this is awesome news as we have been encountering some scenarios where this type of functionality is preferred for certain use cases in the mainstream world especially when federation is enabled.

my head hurts!

Not really a fan of this kind of "omg, the deficit" kind of scaremongering.