Context : AlternativesToCompanies, VirtualNations

Software platform that uses BitCoin-like BlockChain to manage distributed knowledge. Runs SmartContracts

Created and project managed by VitalikButerin

https://www.ethereum.org/

Could, in theory provide distributed contracts that would allow corporations to exist independent of government regulation. Could therefore counter my argument that Capitalism needs government. OnLibertarianism

CoasesBlockChain

A VinayGupta talk ... he's currently working with Ethereum.

Criticism (Specifically of Ethereum]]):

  • No one needs Turing Complete smart-contracts : http://www.coindesk.com/turing-complete-smart-contracts/
    • the requirement (trustably decentral computation) doesn't justify the extra overhead (ie. extra processing on all the nodes)
    • meanwhile it can't be fully trustworthy because you rely on oracles which can in principle be bribed by other smart-contracts.

Compare : AgainstCryptoCurrencies

Added 2017-11-11 :

http://plasma.io/plasma.pdf

TheDAO was a major hack, a smart-contract that managed to steal money on the Ethereum blockchain.

Bookmarked 2021-05-19T15:48:13.854625 https://blog.ethereum.org/2021/05/18/country-power-no-more/

Bookmarked at 2022-05-26T17:48:57.889237 https://www.web3.university/article/the-ethereum-merge