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Title: The Birth of Ethereum Post by: bitmover on November 08, 2018, 05:09:50 PM I am reading Mastering Ethereum, and I plan to write weekly posts about what I read in the book.
In the beginning of the book, in a chapter called The Birth of Ethereum , something caught my attention: Quote from: Mastering Ethereum For projects that needed more freedom and flexibility while staying on-chain, a new blockchain was the only option. But that meant a lot of work: bootstrapping all the infrastructure elements, exhaustive testing, etc. Towards the end of 2013, Vitalik Buterin, a young programmer and Bitcoin enthusiast, started thinking about further extending the capabilities of Bitcoin and Mastercoin (an overlay protocol that extended Bitcoin to offer rudimentary smart contracts). In October of 2013, Vitalik proposed a more generalized approach to the Mastercoin team, one that allowed flexible and scriptable (but not Turing complete) contracts to replace the specialized contract language of Mastercoin. While the Mastercoin team was impressed, this proposal was too radical a change to fit into their development roadmap. In December 2013, Vitalik started sharing a white paper which outlined the idea behind Ethereum: a Turing-complete, general-purpose blockchain. A few dozen people saw this early draft and offered feedback, helping Vitalik evolve the proposal. This is when he met Gavin Wood, a C++ coder who became Ethereum Co-Founder. For those who doesn´t know, Turing-complete means that anything can be programmable without limitation (different than BTC language). I was intrigued by this Mastercoin. What happened to this project? It is not in coinmarketcap. Was it rebranded? I find very interesting to imagine Vitalik Buterin going to different companies proposing his ideas, until he finally decided to build his own blockchain and company. I will keep making posts like this. So, do you think is it better to post in the serious discussion or in the Altcoin spam discussion? Title: Re: The Birth of Ethereum Post by: ABCbits on November 08, 2018, 06:06:22 PM It's quite confusing (since there are various changes), but AFAIK :
1. Mastercoin is rebranded as OMNI. You can check basic info at https://www.openmarketcap.com/tokens/omni (https://www.openmarketcap.com/tokens/omni) or https://coinmarketcap.com/currencies/omni/ (https://coinmarketcap.com/currencies/omni/) 2. OMNI is part of OmniLayer (http://www.omnilayer.org/) platform. The most popular usage was Tether/USDT and there's list of OmniLayer usage at https://www.omniexplorer.info/properties/production (https://www.omniexplorer.info/properties/production). 3. Most tasks are done on OMNI network, not on Bitcoin network. With 4-Layer internet model as analogy, Bitcoin is Network Layer while OMNI is Application Layer. I will keep making posts like this. So, do you think is it better to post in the serious discussion or in the Altcoin spam discussion? Just post it on serious discussion, you won't get accurate/detailed answer on Altcoin discussion. Even if you self-moderate the thread, your thread will be buried quickly. Title: Re: The Birth of Ethereum Post by: vit05 on November 08, 2018, 10:44:25 PM It was created by dacoinminster (https://bitcointalk.org/index.php?action=profile;u=3313). The whitepaper was titled The Second Bitcoin Whitepaper. (https://sites.google.com/site/2ndbtcwpaper/) He first created a topic with the idea. (https://bitcointalk.org/index.php?topic=31645.msg398000#msg398000) Then he announced (https://bitcointalk.org/index.php?topic=56901.msg678427#msg678427) that he would publish a paper and then he publish it. (https://bitcointalk.org/index.php?topic=265488.0)
He has proposed an ETF too in 2012 (https://bitcointalk.org/index.php?topic=91262.msg1004688#msg1004688). And AiCoin in 2013. (https://bitcointalk.org/index.php?topic=215333)and I think maybe we could use one like it for creating a rapidly evolving artificial intelligence.. He is one of BitcoinTalk Experts (https://bitcointalk.org/index.php?topic=3330248.msg34808490#msg34808490) Title: Re: The Birth of Ethereum Post by: bitmover on November 09, 2018, 12:31:48 AM It's quite confusing (since there are various changes), but AFAIK : 1. Mastercoin is rebranded as OMNI. You can check basic info at https://www.openmarketcap.com/tokens/omni (https://www.openmarketcap.com/tokens/omni) or https://coinmarketcap.com/currencies/omni/ (https://coinmarketcap.com/currencies/omni/) 2. OMNI is part of OmniLayer (http://www.omnilayer.org/) platform. The most popular usage was Tether/USDT and there's list of OmniLayer usage at https://www.omniexplorer.info/properties/production (https://www.omniexplorer.info/properties/production). 3. Most tasks are done on OMNI network, not on Bitcoin network. With 4-Layer internet model as analogy, Bitcoin is Network Layer while OMNI is Application Layer. Thanks. I had no idea that it was Omni. Learning every day here. It was created by dacoinminster (https://bitcointalk.org/index.php?action=profile;u=3313). The whitepaper was titled The Second Bitcoin Whitepaper. (https://sites.google.com/site/2ndbtcwpaper/) He first created a topic with the idea. (https://bitcointalk.org/index.php?topic=31645.msg398000#msg398000) Then he announced (https://bitcointalk.org/index.php?topic=56901.msg678427#msg678427) that he would publish a paper and then he publish it. (https://bitcointalk.org/index.php?topic=265488.0) He has proposed an ETF too in 2012 (https://bitcointalk.org/index.php?topic=91262.msg1004688#msg1004688). And AiCoin in 2013. (https://bitcointalk.org/index.php?topic=215333)and I think maybe we could use one like it for creating a rapidly evolving artificial intelligence.. He is one of BitcoinTalk Experts (https://bitcointalk.org/index.php?topic=3330248.msg34808490#msg34808490) Wow that was a complete answer Title: Re: The Birth of Ethereum Post by: bitmover on November 09, 2018, 05:04:42 PM Moved to Altcoin discussion yesterday to see if the topic gets more attention. Small bump
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