In addition I was thinking one could use the tx amounts to reflect the number of items (or weight) of you consider bulk goods. It would all make sense, as long as you correct for tx fees. For instance a UTXI/O of 1000,1 can move 100 times and reflect 1000 ending up at a certain address. Flexible and secure (you could also process loss for instance)
So, if I understand correctly, this way you could also have the chain secured by dPoW while enjoying permissions on certain types of transactions?
Thx. Clear. And another option is to don’t encrypt all chain traffic, but to limit the execution of transactions for specific pub keys using cc (like you describe)? One step further: Using conditions you could also limit certain type of transactions to the group pub key while keeping the network open to mining by any?
These DCR <> LTC swaps were dev between dev I recall and didn’t have a real impact on the tech afaik. In the summer of 2017 noob users could already perform cross chain atomic swaps between various coins including BTC <> KMD using BarterDEX protocol and tools provided by the Komodo team. I know that, because I swapped some myself that summer.
Challenging problem. Persons or NGOs are subjective and have power issues (corruption) and crowdsourcing can be manipulated as we see with elections. Time for moral ‘religions’ to spring up?
Great analysis, strange conclusion… I think the position of ETC with PoW and turing complete contracts is quite cool and sets out to that of ETH moving to PoS. Add delayed proof of work to your network and your good to go. That way you pay the most respect to the current miners and you’ll be more secure than ETH hands down.
Great article Bert! You are right, journalists should know about hype cycles and what it does with biasing thoughts. Nuance and reflection don’t sell, and most journalists just have to write clickbait. As you say, what an unfortunate waste of energy. Let us just focus on the good work to shape tomorrow’s society. Blockchain will be the vital…
> 1.2% of the Sahara
1%, 1.2 % it’s not about these exact percentages. Now the sun shines on the world and we don’t use that energy. That’s the real waste. If we can only capture a tiny percentage, we can power all things in the world with that. Not just Bitcoin. Now if we use solar panels in Europe for Bitcoin mining, you…