 Show Posts
|
|
Pages: [1]
|
This looks like another project where the founders mainly intend to enrich themselves. Why are they already running a token sale when they have nothing to show apart from a whitepaper, a Medium article and a small amount of code at Github? A quote from the Medium article: When the party decides to send the case to arbitration, the contract in plain English
(or the natural language chosen) and all relevant pieces of evidence are sent to Kleros secured by public key cryptography. This doesn´t sound particularly decentralized to me. Besides, I highly doubt that this is a good application of a decentralized system. Court systems are handling huge amounts of highly sensitive information, not many people will be interested in providing evidence to anonymous online jurors. These guys should rather contribute to Bitcoin or one of the related projects (2nd-layer solutions, wallet software...) instead of wasting time on a project like this that is never going to work. But then they probably wouldn´t have the need to run a token sale... I agree, but this is good in case of "Small Claim Arbitration". In the early 1960s, 11.5% of cases in American federal courts went to trial. In 2002, the number had fallen to just 1.8%. The decline is not the result of fewer disputes, but the consequence of the growing use of alternative processes to deal with problems (Katsh and Rabinovich-Einy 2017, p. 14). |
|
|
|
Erc20 token is similar to Eth transactions. You can check the unconfirmed and pending transaction of a particular token by using the contract address of that token. In order to find the contract address visit https://etherscan.io/tokens and enter the token name and check for the transactions by using the TxHash. Done, thank you!!  |
|
|
|
|
Hello,
Is there way by which i can know unconfirmed/pending transactions of particular Ethereum erc20 token?
I mean like EOS 100 pending tnx, XYZ 20 pending tnx. The token must be on erc20.
Thank you
|
|
|
|
Hello Guys, I am a big fan of fairness and honesty & truly believe that Token made from Blockchain has Value. No government can ban it or Say it can't be done. Crypto have biggest problem from long time and I'm trying to figure out Crypto space. I've came up with only one solution to solve this Highly Volatile Altcoin Crypto Market and No Regulation Beast. 'Learnt from past Finance and Capital Markets'. Why currency prices crash by 80 to 90% in the initial days of ICOs is because, pre-ICO people get more than 20% of coins volume at a discounted price of 50% and also free coins to so called Experts, Lawyers & Advisors. Only one thing can change the face of this Crypto Industry. It is 'Book Value' of Project with Crypto/Fiat, or any Asset as Backing. Eg. X Coin raised 150 Million dollars last year when ETH was 400 USD. When ETH goes 1600 USD, then is this X Coin team incentives in next 12 Months is raising ETH price? Or developing the promised technology? They can simply play around with investors money. But, what if we have Book Value to every Coin with BTC/ETH/Waves? We need to learn from IPO. Underlying Assets and Profitability of foundation for calculating fair Book Value, which is updated 24x7. With fair Book value price calculation, we will have reference point to know health of Foundation. Foundation financial health and future plan can be executed, or they can release new Coins and increase liquidity. It will become barometer for Investors, Holders and Users. Still Satoshi way of doing things was better which is, launching open source code, giving incentive to miners, incentive to investors, avoiding frauds and engaging with Community. ICO is not the only way to move forward. Most ICO Coin companies are only focused on high price, conference driven, chit-chat and future promise with discounted rates to few so called ICO Experts. How to calculate Book Value of Foundation?
Book Value of Z Coin = ((Total underlying Assets of Foundation in BTC/ETH/Waves)-Liability Amount)/Total Z Coin in Circulation Market will have two values, 1. Current price derived from Exchange and 2. Book Value price derived from Net Asset holding. Foundation should have ways to make money and reduce coin in circulation and reduce liabilities. Market will always find Current Price from Exchange based on non-tangible things and Book Value Price from underlying Assets with Foundation. Strictly we don't want to raise BTC/ETH/Waves and become 64739th number of ICO. Infact all ICO advisors or so called intelligent people have to put money to even touch that Coin with zero discount. If we ever make it, that Money will be liability to Foundation, which should be returned back by not issuing more Coins but by earning. I have to tried to explain how we can create book value for foundation here : https://www.linkedin.com/pulse/thoughtful-approach-solve-ico-fraud-save-blockchain-industry-khutal/Please do share reviews. Thank you |
|
|
|
Hello Guys, I am a big fan of fairness and honesty & truly believe that Token made from Blockchain has Value. No government can ban it or Say it can't be done. Crypto have biggest problem from long time and I'm trying to figure out Crypto space. I've came up with only one solution to solve this Highly Volatile Altcoin Crypto Market and No Regulation Beast. 'Learnt from past Finance and Capital Markets'. Why currency prices crash by 80 to 90% in the initial days of ICOs is because, pre-ICO people get more than 20% of coins volume at a discounted price of 50% and also free coins to so called Experts, Lawyers & Advisors.
Only one thing can change the face of this Crypto Industry. It is 'Book Value' of Project with Crypto/Fiat, or any Asset as Backing. Eg. X Coin raised 150 Million dollars last year when ETH was 400 USD. When ETH goes 1600 USD, then is this X Coin team incentives in next 12 Months is raising ETH price? Or developing the promised technology? They can simply play around with investors money. But, what if we have Book Value to every Coin with BTC/ETH/Waves?We need to learn from IPO. Underlying Assets and Profitability of foundation for calculating fair Book Value, which is updated 24x7. With fair Book value price calculation, we will have reference point to know health of Foundation. Foundation financial health and future plan can be executed, or they can release new Coins and increase liquidity. It will become barometer for Investors, Holders and Users. Still Satoshi way of doing things was better which is, launching open source code, giving incentive to miners, incentive to investors, avoiding frauds and engaging with Community. ICO is not the only way to move forward. Most ICO Coin companies are only focused on high price, conference driven, chit-chat and future promise with discounted rates to few so called ICO Experts. How to calculate Book Value of Foundation? Book Value of Z Coin = ((Total underlying Assets of Foundation in BTC/ETH/Waves)-Liability Amount)/Total Z Coin in Circulation Market will have two values, 1. Current price derived from Exchange and 2. Book Value price derived from Net Asset holding. Foundation should have ways to make money and reduce coin in circulation and reduce liabilities. Market will always find Current Price from Exchange based on non-tangible things and Book Value Price from underlying Assets with Foundation.
Strictly we don't want to raise BTC/ETH/Waves and become 64739th number of ICO. Infact all ICO advisors or so called intelligent people have to put money to even touch that Coin with zero discount. If we ever make it, that Money will be liability to Foundation, which should be returned back by not issuing more Coins but by earning. I have to tried to explain how we can create book value for foundation here : https://www.linkedin.com/pulse/thoughtful-approach-solve-ico-fraud-save-blockchain-industry-khutal/Please do share reviews. Thank you |
|
|
|
As India works on the bill to regulate cryptocurrencies, each government department has its own opinion on whether to ban the use of crypto, including bitcoin. The Finance Ministry, the Reserve Bank of India (RBI), the Income Tax Department, and the Special Investigation Team have voiced their opinions on the upcoming bill. https://news.bitcoin.com/india-divided-ban-crypto-use/India is preparing a bill on the regulation of cryptocurrency. “The bill has been drafted and consultation has been started with the concerned agency,” the Navbharat Times reported last week. The news outlet quoted sources explaining that the regulators are divided on whether to ban the use of cryptocurrencies such as bitcoin. “The finance ministry is in favor of regulating [cryptocurrency],” sources said. The Income Tax Department, on the contrary, is not in favor of regulation, the news outlet conveyed, and quoted sources explaining: The regulation of virtual currency is almost impossible and it promotes the use of black money. Your thoughts on it dudes? Yes, looking at current status India it seems government will not promote Crypto Currency as legal tender. Interesting thing is that "BlockChain is legal in India but Crypto Currency or Tokens is not regulated (Sort of Illegal)". I guess the regulatory bodies have very less knowledge of "BlockChain Technology". In BlockChain, Decentralized Computers solve the mathematical problems and in return they are rewarded with Tokens i.e Mining Rewards. Now if i cannot extract the Value out of tokens, why i will do the Mining? Few projects have been started like saving land records, but they are on private blockhain. "Private BlockChains" are regulated by governments, then i can do similar things in centralized system with multiple copies of data. https://www.linkedin.com/pulse/why-anti-cryptocurreny-love-blockchain-wrong-virat-khutal/ address the same problem. We have South-East Asia BlockChain summit on 12 May 2018, just go through the list of speakers. All the Crypto Top peoples are visiting but "Token and CryptoCurrency are not regulated". Lets hope something better would comeup with this event. Thanks. |
|
|
|
You have mentioned the "dispute" issue but didn't address it.
Contracts, in general, are a set of rules to follow. When everything goes well, everyone walks away happy. The trouble (and the real purpose of a contract) becomes relevant once there's a dispute. The big problem with smart contracts today is either foreseen or unforeseen conflicts. How can those be mediated?
I agree dispute is largest elephant in room, which is unaddressed. We pay highest to lawyers to make contracts so they can find element of disputes in conditions and variables. Disputes can rise in variables and conditions between 1 or N parties. Dispute also need to take in account time frame, non-tangable and perceptionable problems. Eg. Logo for one client can be monogram for another. Every contract has sample frames to explain things in detail and explaining obviousness in Clarity and again and again. Condition needs to be explained with all test in time ideas. Law of Land ,morality, conflicting court and locations like constraints should be cosidered as well. I am also working on non-deterministic states of Smart Contract. Will share you the details soon. Thanks! |
|
|
|
Understanding Smart Contract for non technical person is impossible. I have worked on Simplest explanation for Students. Please do share your review Let us start from What is “Contract”? Basics of every Contract 1. PARTIES (1–1,1–N,N–N) 2. Variables 3. Conditions 4. Agree Sign PARTIES  Let us take example Design “Logo”Most of us have visited FreeLancer website where Merchants/Clients post their requirement and respective community bid for the project. Here are the few variables that they agree upon before they start to work together. 1. No. of PARTIES: 2 (A–B) 2. Variables - No. of Design Option - Advance Amount (P1) - After Submitting Option (P2) - After Completion (P3) - No of times Changes - Time Period (First option and Every Changes) 3. Conditions - Release Advance on Sign (Release P1) - Get No. of Options (Release P2) - Select One - Ask for Changes - Finalize (Release P3) - Cancel Contract 4. Agree Sign of PARTIES Now what is the Real Problem? We all know most of the projects go in conflict/disputes. Why Contracts have disputes? Here are the 2 reasons for it. 1. Ambiguous Elements - Lots of Changes - Dont Like Colors - Unforeseen events 2.Non – Ambiguous - No. of Days - Money - Design Option 
What is Major Missing?If everything goes well, then everything is perfect. But the problem arises in case of Disputes. So we need Third Party: ENFORCER of CONTRACT or VERIFIER to judge the Dispute based on the available data. Here comes the Ethereum, Smart Contracts.When you don’t have THIRD PARTY Verifier. Both will Push Variables and get Next Contract Condition executed. But Criteria is Both Should have same Code on their Server. Problem : If there are only 2 SERVERS. It can be easily fraud by A/B Parties by Hacking or DDoS Attack. They will do this for their own Benefit. Solution : A & B Party have to Broadcast Variables to ETH Network. Entire Network will have the Same Code. More than 51% should Agree on Broadcasted Values, and Code will execute next Condition. Central Authority has Power to Change Condition, Variable or Stop Network. Distributed Authority Conditions are consistent, Variables need to be Broadcasted and Verified by Multiple Servers. People Who have contributed their Servers needs Financial Incentive to Run and Verify Contracts. They are rewarded GAS in ETH Amount of Code to be executed per Contract decides GAS incentive.  Crypto Currency works in the following way. Example :1. Send Transaction Between A-B : It is done by Crypto : Bitcoin. 2. FreeLancer.com (It will have milestones and conditions) : It is done by Crypto : Ethereum Smart Contracts.  |
|
|
|
|
