While many of us care a lot about decentralization, that isn't how we should pitch it. For most, decentralization is the means, the ends is mass coordination and agreement.
Scalability is how we are going to get there and for that reason I am also deeply focused on Plasma on ETH
I'm contributing to a new Decentralized CA and naming project with a bunch of friends. The goal is to replace the Certificate Authority system entirely and to not have that annoying SSH fingerprint question.
The confrontation at the conference should not be seen as a normal response to disagreements in the crypto ecosystem. It was an extremely strong response to extreme, intentional deception.
True, respectful disagreements of philosophy should be celebrated.
Both
@Excellion
summarizing his views on Bitcoin Core's position and
@rogerkver
emphatically presenting his concerns on LN&BTC should be seen as an example of (mostly) respectful discourse. It's important to recognize that honest, respectful disagreements are preferred.
@VitalikButerin
YAASSS. This works even better and may be more secure /w Ethereum sharding. Could be an interesting testbed for sharding strategies as well.
Certificate Authorities and DNS are the foundation in which all of the internet services stand upon. The green lock icon in your browser may not be as secure as you think, there have been many known security failures (see DigiNotar in 2011).
Don't mean to be too preachy about it; there were lots of discussions after the event with how to positively handle these types of situations in crypto.
The ssh client can verify that the name record matches the server's pubkey record, it's working on the testnet blockchain now (it's experimental though, but has SPV too!).
@storjproject
@RSKsmart
7/ So investing in $ETH is a bet on tokens longer term & while I'm bullish on
#Ethereum
I do believe the vast majority of tokens will falter
@HeWhoWaitsFails
@VitalikButerin
No changes are necessary to get this up and running (after significant development and testing), but further optimizations are possible.
@bosstiat
Different. Let's Encrypt does awesome work, but uses the existing CA infrastructure and it's trust models. This is an experimental decentralized naming chain and builds upon the fantastic work by Namecoin, ENS, and Blockstack.
@rubicon59
Not a token! But it can be the foundation for the technical design /w token projects. ERC20 tokens can be bonded & used to secure Plasma PoS
@homakov
It works, as in there's a demo C library (chjj is a beast!) which does light client name resolution, ssh key exchange works now. Light client via merkelized ommitment to global name state. Mitigates a lot of squatting (but not all) via submitting ownership proofs directly onchain
@DeaterBob
Lightning on Bitcoin matters a lot wrt decentralized scaling! It is about multiple *potentially complimentary* strategies, and exploring different technical tradeoffs. Work on Plasma can end up being an alternative path to fedpeg sidechains.
@el33th4xor
If it isn't possible to wind down a Bancor contract equitably with partial reserves, I believe the traditional name for that is Ponzi Scheme
@Hubert_Mora
ICO already happened. The ticker symbol is ETH :^)
Srsly though, Plasma is a framework. No ICO, but token projects may use it in the future
@adam3us
@KwokMilas
Yes, can see now that you just didn't see his accusation and was just making an answer. 👍 (The good thumbs up, not middle eastern context ;)
@el33th4xor
Let's assume a token goes up 100,000x. The construction looks like it would suck up tons of liquidity, at the edges it looks like it breaks.
@MashuriBC
@francispouliot_
Assuming high-value altruistic miners makes the system vulnerable to attack. (May not count for low value miners using excess power?)