Bitcoin Forum
January 17, 2018, 03:39:12 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2014-05-21 Crowdfunding Platform ‘Lighthouse’ Could Reshape Bitcoin Landscape  (Read 805 times)
BTCat
Legendary
*
Offline Offline

Activity: 1442



View Profile
May 21, 2014, 09:48:24 AM
 #1

"Lighthouse will function on the premise of ‘assured contracts’, which means that projects are funded on the basis that the money is only collected and utilized if enough money is raised. The platform will use the block chain itself to verify transactions directed toward a project. However, the bitcoin network will only verify the transactions once the goal has been reached, said Hearn. Additionally, users will be able to revoke their pledges before the round is complete. Lighthouse will double spend the funds back to the user’s account, freeing them up for other uses."

http://www.coindesk.com/new-decentralized-crowdfunding-platform-reshape-bitcoin-landscape/
1516160352
Hero Member
*
Offline Offline

Posts: 1516160352

View Profile Personal Message (Offline)

Ignore
1516160352
Reply with quote  #2

1516160352
Report to moderator
1516160352
Hero Member
*
Offline Offline

Posts: 1516160352

View Profile Personal Message (Offline)

Ignore
1516160352
Reply with quote  #2

1516160352
Report to moderator
1516160352
Hero Member
*
Offline Offline

Posts: 1516160352

View Profile Personal Message (Offline)

Ignore
1516160352
Reply with quote  #2

1516160352
Report to moderator
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516160352
Hero Member
*
Offline Offline

Posts: 1516160352

View Profile Personal Message (Offline)

Ignore
1516160352
Reply with quote  #2

1516160352
Report to moderator
1516160352
Hero Member
*
Offline Offline

Posts: 1516160352

View Profile Personal Message (Offline)

Ignore
1516160352
Reply with quote  #2

1516160352
Report to moderator
jmintuck
Full Member
***
Offline Offline

Activity: 142


View Profile
May 21, 2014, 09:53:59 AM
 #2

Do you mean that this is going to work like a  crowdfunding site that we have seen, but somehow different and Bitcoin? Something like a Kickstarter with bitcoin?
CoinMode
Sr. Member
****
Offline Offline

Activity: 417


View Profile
May 21, 2014, 04:06:51 PM
 #3

Do you mean that this is going to work like a  crowdfunding site that we have seen, but somehow different and Bitcoin? Something like a Kickstarter with bitcoin?

Kickstarter is centralized. Lighthouse is not.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!