JAJasper_·Apr 12, 2021
> Just as an example, have you heard of smart contracts?
Yes. They seem to be a solution looking for a problem. What problems can you imagine smart contracts solving?
> How can a globally spanning Turing complete computer help? I don't know, but we will see attempts.
So the answer is "nobody has thought of a single way this helps, after 10 years of thinking about it".
> But for fun's sake, go to https://coinmarketcap.com/ click a random currency and click source code / read the whitepaper.
OK The first one I clicked was Qtum: https://coinmarketcap.com/currencies/qtum/ . The whitepaper link goes to a 404.
The second one I clicked was VeChain. https://coinmarketcap.com/currencies/vechain/ . It has no link to source code or a whitepaper.
The third one I clicked was Dash, which thankfully had a whitepaper. Let's check it out: https://github.c
Read the rest
om/dashpay/dash/wiki/Whitepaper
> Currently the Dash network has ~4,800 active masternodes [8]. By requiring 1,000DASH collateral to become an active masternode, we create a system in which no one can control the entire network of masternodes. For example, if someone wanted to control 50% of the masternode network, they would have to buy 4,800,000 DASH from the open market. This would raise the price substantially and it would become impossible to acquire the needed DASH.
Oh my god
> Bad actors could also run masternodes, but not provide any of the quality service that is required of the rest of the network. To reduce the possibility of people using the system to their advantage nodes must ping the rest of the network to ensure they remain active.
Oh my goddddd
Nobody making this has any clue about distributed systems, do they