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Sounds like a bank or venmo type service...


And keys in memory, which increases the attack surface - especially noteworthy with the intel bugs.



Your first link has refuting or critical comments from such notables as Vitalik Buterin and Brahm Cohen. In case anyone wanted a tl;dr to actually reading and evaluating that 15 minute logical fallacy of a read. And the other ones just reference the first link.


Care to explain the fallacy to people not well versed with those names you've thrown around?


Your appeal to celebrity icons does nothing to address the inherent problems with the lightening networks design.

Maybe you can explain the solution to the problems highlighted?


Proof of Work algorithms are not hard to calculate, it's simply designed to increase capital costs to access writing to the database (adding the next 'block' set of transactions to the blockchain).

The actual math amounts to a best effort guess in a lottery for write access to a database.

The network would function just as fast with 3-10 computers as it does with 3 billion times the amount of "computing" power.

In summary, Proof of Work is designed to waste as much energy and capital input as possible.


Even if OP is a Registered Investment Adviser registered with the Securities and Exchange Commission, it sounds like Kasian Franks could be in violation of The Investment Advisers Act of 1940, 15 U.S.C. § 80b-1 through 15 U.S.C. § 80b-21.


Kasian Franks, are you a Registered Investment Adviser registered with the Securities and Exchange Commission?

Even if you are it sounds like you're in violation of The Investment Advisers Act of 1940, 15 U.S.C. § 80b-1 through 15 U.S.C. § 80b-21.

https://www.forbes.com/sites/feeonlyplanner/2011/05/19/are-y...

Seems like a conflict of interest which I'd imagine your lawyer should have been aware of if you're part these two ICO fintech startups - starmine.ai and vectorspace.ai

https://vectorspace.ai/

http://starmine.ai/

interesting story from an investor who got burned from the starmine ICO due to inability for starmine to be listed on exchanges:

https://www.reddit.com/r/icocrypto/comments/73xbo2/starmine/


Donation?

Will the funds be in blockchain escrow to assure Anthony Daniel who is the CEO of Dream Comet Studios will not misuse the funds, or pull an exit scam?

Someone already tried this, and they predictably setup LLC shell companies with empty office spaces.

https://davidgerard.co.uk/blockchain/2018/01/26/children-of-...


Review our Whitepaper and you will see we mean business. Anthony Daniel already has two feature films out worldwide along with TV series in the works. Dream Comet Studios has been around since 2014. Yes, there is an escrow along with a lot of plans for 2018.


What's the point of using the network then?

Why not do everything more efficiently via the "oracle" server?


This is the question that applies to about 99% of Dapps (at least the one that don't simply exist to serve other Dapps) so far.


Yes, exactly -- how does having some sort of external intervention into the protocol make the protocol more robust?


You misunderstand.

If a smart contract relies on an external data source from a normal server (oracle), then why even take the risk of deploying the smart contract?

If you're using an oracle for a data source you might as well do everything on a normal database.


By minimizing the role of the oracle, instead of relying on one entity, you can rely on the market. Anybody could be the oracle, they'd put their reputation/offer/price on sale and the stakeholders would select one as they wish.

You're still trusting the selected oracle to behave honestly, but they will be operating in a very competitive market which hopefully would lead to better behaviour. They might cheat once, but it would be trivial to switch to a better oracle next time.


CAPEX and OPEX production cost have nothing to do with the market spot price, especially because most of the coins in circulation have been produced or acquired for far far far less than the rate it costs today.


No one cares what it costs you to produce the product.

Most of the coins in circulation already exist, and sellers can easily sell for less than it cost to produce today because most of the coins were produced for far far less than today's cost.


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