ThoughtStorms Wiki

Context : AlternativesToCompanies, VirtualNations

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

Created and project managed by VitalikButerin

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

The EthereumVirtualMachine

And EthereumApps


Transcluded from EthereumProofOfStake

Ethereum moved to ProofOfStake rather than ProofOfWork

Ethereum's energy usage will soon decrease by ~99.95% :


A VinayGupta talk from when he was working with Ethereum.

Criticism (Specifically of Ethereum):

  • No one needs 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

Plasma : scalable smart contracts :

a client for RaspberryPi

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

Bookmarked 2021-05-23T10:42:35.922421:

  • Ethereum uses it to implement distributed contracts.


Bookmarked at 2022-05-26T17:48:57.889237