The what is the difference between Ethereum and a Government?steemCreated with Sketch.

in #ethereum8 years ago

Byzantium Ether's new upgrade killer.
Ethereum's most popular client has upgraded its code to enforce the upcoming Byzantium upgrade set for later this month.
This code update from Go Ethereum (Geth) officially enshrines the anticipated hard fork for block number 4,370,000, a time previously established by ether's developers during an Ethereum core team discussion back in September 22. With the Geth release, Ethereum's network moves closer to implementing the first of two parts in the wider Metropolis upgrade.
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Thanks @cryptoaceh for doing this, because these numbers clearly show that people/traders are benefiting from my blog and our slack community. As you may have noticed, I have been making less videos and articles on my blog lately. This is because I allow the upvotes to dictate how much demand there is for my content. There may be thousands of followers on my blog, and over 2,500 members in our slack, but I only get (on average) around 200 upvotes for my blog posts. That's 6% of my followers, that upvote my posts. That type of feedback tells me, there is little demand for me to keep adding more videos.
But our slack is very active and thriving, and my video library will always be here to help new ones learn. This poll clearly shows that our community is profitable, and its very encouraging to see everyone making safe and profitable trades. Thank you all for your hard work.
Ethereum DAOIn a recent LetsTalkBitcoin podcast with Andreas Antonopoulos, Pamela Morgan discussed the facts and challenges posed by the legendary DAO hack with Ethereum insider Taylor Gerring and Attorney Brian Klein.
and lets the hacker take the money, then it will turn into an ugly mess of DAO wars, trying to hack each other like we saw the past few days. Until all the 140 million are completely drained. A nasty sight that would be.
If Ethereum keeps the soft fork and simply freezes the money forever, not letting the ‘hacker’ nor the and lets the hacker take the money, then it will turn into an ugly mess of DAO wars, trying to hack each other like we saw the past few days. Until all the 140 million are completely drained. A nasty sight that would be.
If Ethereum keeps the soft fork and simply freezes the money forever, not letting the ‘hacker’ nor the investors have an incentive to make poor decisions, then that’s a $140 million lesson.
If the Ethereum soft fork works the ‘hacker’ in the rear and returns the money to investors, by undoing a transaction in ETH’s history, then its claim to immutability will be compromised.
This would also prove that under the right circumstances, Ethereum as a community might be willing to change history, and that could attract the wrong kind of powerful attention.
No matter what, Ethereum will pay some cost for this, as an asset and as a community. The question is how to pay it and what is less costly.
investors have an incentive to make poor decisions, then that’s a $140 million lesson.
If the Ethereum soft fork works the ‘hacker’ in the rear and returns the money to investors, by undoing a transaction in ETH’s history, then its claim to immutability will be compromised.
This would also prove that under the right circumstances, Ethereum as a community might be willing to change history, and that could attract the wrong kind of powerful attention.
No matter what, Ethereum will pay some cost for this, as an asset and as a community. The question is how to pay it and what is less costly.
All was well and good on almost everything, and in my humble opinion they did an excellent job of exploring game theoretical costs and benefits or this path of action, or that one.
Should Ethereum soft fork? Should it hard fork? Who is in the wrong and was it really a ‘hack’? Are the ‘Terms of Agreement’ paperwork legally binding? If you want to get caught up on the details and exciting, yet foggy swamps of Ethereum’s current fork in the road, then this show will serve you well.
Here’s where they dropped the ball, though. It’s a somewhat tangential issue, but it matters. At some point during the second half of the show, an audience member asked something along the lines of:
If the Ethereum community has the power to undo a certain transaction or block, and effectively bailout a failing venture on top of its platform. The what is the difference between Ethereum and a Government?
The well-educated folk on the show had nothing. Pamela quite literally said, “I got nothing.”
I was stunned and quite frankly, facepalmed for a moment. Isn’t the cryptocurrency space mostly libertarian? Has the word ‘Governance’ become so prominent in this space that we’ve forgotten the difference between a highly competitive technological space and the monopolistic nature of government?
I think the question posed by the audience member is very important, and I think the lack of an answer by the hosts shows how new the territory is that we are exploring.
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I’ve personally struggled with this issue. Blockchains are such a mind blowing, world-view changing technology that everything you thought you knew about systems and power dynamics, about communication and money, gets shredded by Satoshi’s brilliant imagination and reconstructed with subtle yet deeper resolution.
I've just joined and haven't gone through everything yet to really say, but I doubt your upvotes are a reflection on the value of the videos and how much people want them. I think people just read and then just upvote. From what I see in the Slack channel, there are a lot of questions still being asked and I suspect you are doing things beyond what you've disclosed that you don't even realize are different or beyond what you've already taught and that the game changes on occasion. Just my 2 cents. I for one really appreciate what you have done here and plan to spend my weekend going through the rest of what I can.
On another note, I am not sure most people understand steemit nor that the little arrow is where you upvote. I just joined to get your content and had no idea how it worked nor that the little blue arrow in the circle was how I upvote. I still don't know how steemit works beyond the fact that it somehow pays you for people viewing and upvoting your content. I've also had a lot of issues with Steemit loading slowly or not at all when I load pages, so just wanted to add that as well.
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I've been at it just a few months and I'd pay a hefty sum just to watch more of your videos.
Also most people look over it and dont upvote for sure, there are probably few times more people reading it than people in the Slack too.
If you disappeared again, I'm sure more people would try to reach you than now lol.
If I had to guess most people want to see more daytrading(as usual), account building, personally I'd love to see more in-depth videos about volume, level 2, maybe arbitrage etc
I think you would have a better overview of how many people want your posts if there were statistics of overall post visitors, rather than upvotes.