NXT :: descendant of Bitcoin - Updated Information

[mcjavar]

It seems there is a new Ethereum whitepaper draft.Any thoughts?'

https://github.com/ethereum/wiki/wiki/Whitepaper-2-Draft

I love the curve of the "G" in the github logo!



Excuse me for my unqualified answer.

[bitcoinpaul]

What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.

Afaik when we have AT, we have this. Before Ethereum.

[barbierir]

What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.

Afaik when we have AT, we have this. Before Ethereum.

We should just ask Vitalik to trash Ethereum and become the spokesperson for Nxt 

[TwinWinNerD]

What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.

Afaik when we have AT, we have this. Before Ethereum.

We should just ask Vitalik to trash Ethereum and become the spokesperson for Nxt 

I bet if we offer him more than the expected value of etherium, then he would change the team

That would be literally millions of USD though.

[CIYAM]

I bet if we offer him more than the expected value of etherium, then he would change the team

I would bet the opposite of that - he is tied to Ethereum and with "golden handcuffs" so don't think for a minute he would do that.

[TwinWinNerD]

I bet if we offer him more than the expected value of etherium, then he would change the team

I would bet the opposite of that - he is tied to Ethereum and with "golden handcuffs" so don't think for a minute he would do that.

With ethereum he has a potential big reward, if he gets lets say 5 mio USD for changing and doing the same work with this coin, I can't possible beleive that he would not accept.

[CIYAM]

With ethereum he has a potential big reward, if he gets lets say 5 mio USD for changing and doing the same work with this coin, I can't possible beleive that he would not accept.

Then offer the same to CfB and see if "he will change sides" would be my suggestion.

[bitcoinpaul]

I really believe Vitalik is doing this not only because of money.

[CIYAM]

I really believe Vitalik is doing this not only because of money.

I would agree - "it is his baby" so unless they "push him into the background" he'll stay.

[TwinWinNerD]

With ethereum he has a potential big reward, if he gets lets say 5 mio USD for changing and doing the same work with this coin, I can't possible beleive that he would not accept.

Then offer the same to CfB and see if "he will change sides" would be my suggestion.

I am guessing here, but i think we don't have the funds to pay someone millions to stay onboard.

Yeah it's his baby, but on the other hand, never having to work again after one single project must be awesome. He can then create whatever he wants with no pressure at all, his whole life long!

Maybe it is just me though

[nexern]

I bet if we offer him more than the expected value of etherium, then he would change the team

I would bet the opposite of that - he is tied to Ethereum and with "golden handcuffs" so don't think for a minute he would do that.

true but from my pov to much wallstreet interests in there (GS?). nothing bad in general but...

ethereum -> global finance api, atm more designed for the old school finance industry (available Q4-2014/Q1-2015).

nxt -> global multi functional finance api, designed from and for users (available now).

[GameOfTrades]

Wtb lots of NXT
Only escrow!

[TwinWinNerD]

Wtb lots of NXT
Only escrow!

I can do escrow if you want and find someone to take up your offer.

[bitcoinpaul]

It seems there is a new Ethereum whitepaper draft.Any thoughts?'

https://github.com/ethereum/wiki/wiki/Whitepaper-2-Draft

btw interesting read.

[Tobo]

Wtb lots of NXT
Only escrow!

You can use the Nxt trade thread to find the sellers - https://bitcointalk.org/index.php?topic=345336.1500

[Eadeqa]

What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.

Afaik when we have AT, we have this. Before Ethereum.

We don't. It's not implemented yet, and I doubt it will anytime soon

[bitcoinpaul]

What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.

Afaik when we have AT, we have this. Before Ethereum.

We don't. It's not implemented yet, and I doubt it will anytime soon

[instacalm]

I really believe Vitalik is doing this not only because of money.

I would agree - "it is his baby" so unless they "push him into the background" he'll stay.

It is his and his team's baby

It seems there is a new Ethereum whitepaper draft.Any thoughts?'
https://github.com/ethereum/wiki/wiki/Whitepaper-2-Draft

btw interesting read.

Indeed

[IveBeenBit]

true but from my pov to much wallstreet interests in there (GS?). nothing bad in general but...

ethereum -> global finance api, atm more designed for the old school finance industry (available Q4-2014/Q1-2015).

nxt -> global multi functional finance api, designed from and for users (available now).

I think the people from Goldman Sachs on their team are actually a big asset to the Etherium project. A lot of the financial contracts can get confusing as hell to laypeople, so having professionals with experience at the higher levels of finance is actually a feather in their cap. Also, consider the legitimacy it confers on the project in the minds of professional financiers that may one day start issuing crypto contracts.

I know Goldman Sachs has PR problems, especially in the crypto currency world that was started in part to do an end run around the pros, but their knowledge and experience can easily be adapted to the new crypto paradigm.

For those that have been around long enough, just think about the GLBSE mess from a couple years ago. That's what can happen when a bunch of amateurs get uppity and fancy themselves as CEOs capable of managing stock issues, derivatives and so forth.

[IveBeenBit]

Interview with CIYAM about the Automated Transactions (AT) project is now posted: http://www.nxtcrypto.org/podcast/whats-up-nxt