…17.11.13 01:23:14] Yanislav: when the algorithm gets updated the execution of the old one stops and the new, updated version gets executed. in fact this can not be encoded in the blockchain but that is the only thing i think
[17.11.13 01:23:30] vbuterins: actually, tha…
While early and unproven, decentralized startups may pose a serious threat to centralized startups. In a mature market, the former will be attractive to talented people, enabling contributors to choose which projects they want to work on without being tied to vesting schedules or exclusivity commitments and receive direct compensation (and potentially financial freedom) working on projects they truly care about.
… see the future. It’s a total and complete blind spot to them, like staring into a snow crashed TV. As a futurist when I talk to people at parties they know I’m interesting and smart but they can’t hear a word of it. It’s like I’m the teacher in Charlie Brown.