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The Ether Review #11 — Free My Vunk! by Arthur Falls ...
Consensys, Digix, Plutus, Maker, Augur, String, Velocity, SingularDTV, Gnosis, uPort, Balanc3, Golem, and other projects: Can we as a community get your stance on whether you’re building on ETH or ETC?
NEWs To Come - last updated - April 5th, 2016 Ethereum’s ecosystem is growing so quickly, very exciting news has a habit of coming out of nowhere. That said, there are more than a few things to have on our radar. Thanks to help from this community, here’s a current list. As always, what am I missing?
Our faq page may also be helpful for many common questions connected to the news listed below.
Ethereum Blockchain Development
Metropolis - Includes user friendly Mist Browser and likely a light client.
Serenity - Major scalability improvement and Casper
With Casper, issuance of ETH drops between 0-2m a year, depending on staking rewards (think, a crypto version of dividends more than Bitcoin's mining).
Synereo partnership with a important update. "Synereo and Ethereum now have an end to end spec of a correct, fault tolerant architecture that is sharded, i.e. scales".
Sharding development news. Sharding is a game changer for Ethereum and could allow it to 10000+ transactions a second (Visa currently handles 2000 per second). While its success is starting to look inevitable, more specific news should be watched carefully.
Client updates - Ethereum’s clients are wide ranging - Go, C++, Python, Rust, Java, Ruby, .net. This allows Ethereum to attract developers with a wide range of programming backgrounds and empowers Ethereum for more applications. It was a VERY smart strategy by the founders of Ethereum. Watching the news for client updates is important.
Coin relays and interoperability One very powerful aspect of Ethereum’s blockchain is it allows both formal relays between blockchains as well as general interoperability between chains. Relays allow Ethereum to empower other blockchains, basically letting these more classic chains (like Bitcoin and Dogecoin) use Ethereum as a service for smart contracts. This “bonded sidechain” is more powerful/flexible path to using smart contracts than building non-currency agnostic chains. Similarly, interoperability is a classic concept in software development with over 30 years of history. Ethereum’s Virtual Machine (EVM) greatly facilitates multi-chain interoperability – which could allow private chains to communicate with Ethereum’s public chain. Basically, Ethereum facilitates “chaining all the things”. In other words, even future private chains could interoperate with the Ethereum public blockchain to have a gateway between their secured private chain and the more global public chain. Private chain development is a GOOD thing under this model, even if that private chain is not an Ethereum fork. Current examples
Public Dapps and/or ventures to keep an eye on Ethereum ecosystem is growing in unbelievable way with well over a 100 DApps. Below are some DApps and ventures that have been commonly discussed and seem to be generating news sooner than later.
Many of Ethereum's 100+ DApps will fail, but it only takes one to succeed to bring Ethereum to the mainstream. That said, sadly, there will also be scams. We should never forget Bitcoin's NeoBee or any of the MANY failed exchanges. As a community, we'll want to keep a close eye out in more ways than one. Be enthusiastic but critical - with transparency being absolutely key to trust. Developer tools to keep an eye on
Eth(Emedded) "Providing successful builds of Ethereum Clients for multiple, Linux based, ARM embedded devices"
Potential surprises that are not really surprises
Anything China – ETH's value has largely been independent of anything to do with China, that must inevitability change.
OKcoin inclusion (largest exchange in China, insane history with price boosts)
Gemini inclusion (New Yorkers access to ETH)
Parting statement Ethereum has essentially a monopoly on smart contracts, and from the list above, it should be clear that it has built a remarkable network effect around this ecosystem. It is a disruptive technology, that fosters synergies, and when put in a greater perspective, it’s market cap remains quite tiny, especially when you think of the relative size of the growing community. Please let me know if there is something you'd like to see.
EDIT Updated List Here If we learned anything about Ethereum in the last month, it's that amazing news happens out of no where. That said, we also know about news on the horizon. Here's my updated list of expected news to come. As always, what am I missing? News we know will happen
Homestead release date (we are deemed stable, come the masses)
Announcing a collaboration between FreeMyVunk and Digix!
The FreeMyVunk Movement would like to announce a collaboration with Digix! The announcement was made in the following article: http://www.ibtimes.co.uk/game-changers-freemyvunk-digix-allow-video-gamers-trade-virtual-assets-physical-gold-1534436 We couldn't be happier to work with such a secure platform to deliver Ethereum wallets to video game players all over the world. Your vunk (virtual junk) will now have all the security and transparency as that which is applied to physical real world gold! And as an additional perk, Digix gold tokens will be supported as a premiere payment option on our FreeMyVunk Marketplace, the center of the Metaverse for virtual commerce and trade between virtual worlds. For the first time, virtual objects can be frictionlessly traded with anyone in the world and converted into physical gold! Anyone interested in joining the FreeMyVunk Movement is encouraged to contact us through our website www.freemyvunk.com. Beginning January 1, 2016 the FreeMyVunk Movement will begin rewarding people who spread the word through social media with our community token called VUNK (all caps). Now everyone can own a stake in the movement and accumulate VUNK for their involvement. We have some fantastic announcements soon to come, so watch this space! Tyler Co-Founder FreeMyVunk Movement
Hello, you can find most of the information below at our website (link at bottom of post). I am writing a post instead of just linking the website in order to create an open discourse. CAPSOL is a mobile cloudcaching app. We're trying to take geocaching to the next level; find and leave CAPSOLs containing cryptocurrencies and personal messages. Each CAPSOL is associated with a specific latitude and longitude. CAPSOL itself could work as a standalone form of geocaching (cloudcaching) or a companion app, allowing geocachers to reward the community by leaving funds, hints, or feedback. Opening a CAPSOL requires 1 WELS (井). WELS are a custom token we are introducing to the Ethereum blockchain. I am very excited to bring to you the opportunity to take part in an application that will facilitate multiple goals:
Bringing cryptocurrencies to a wider audience
Sharing wealth in a gamified way
Awareness and exploration of the human condition
Integration with Free My Vunk to provide a way to obtain game assets
To break it down simply, user actions would fall into one of two categories:
Tossing CAPSOLs: leave a message at a location with funds attached. Earn WELS for doing so (more for being generous)
Claiming CAPSOLs: use 100 WELS to open a CAPSOL and obtain its contents. The CAPSOL will be deleted forever.
Claiming CAPSOLs triggers System CAPSOLs to be tossed around areas where CAPSOLs are being authored by users. This is to reward both claiming (to cause the system to disperse funds) and tossing (to attract the system funds). Additionally, the author of a CAPSOL gets 0.1 WELS when they toss the CAPSOL and 0.2 WELS when someone claims their CAPSOL. Ten percent of funds deposited into CAPSOLs are put into the system. The more CAPSOL authors in your locale, the more chance of System CAPSOLs being dispersed near you. CAPSOL attempts to reward active communities. Messages are publicly visible within a certain physical radius without needing to be claimed. When a CAPSOL is claimed it is deleted forever. We are attempting to give users freedom and create an abstract virtual graffiti wall - CAPSOLs are authored anonymously and are unmoderated therefore the content is 100% in the hands of the community; we want to give users a tool not a rule-book. Here is a custom game we thought of: Nietzche Poker:
Players take turns tossing CAPSOLs (with a bet minimum)
May put honest or dishonest hint about contents of CAPSOL as attached message
Players take turns claiming CAPSOLs (lets assume everyone has enough WELS to claim)
Assuming the betting starts at 1 eth and everyone puts the minimum, everyone would break even
As a player, I may bet high to incentivize others to bet more and to gain more WELS per toss
A player wins by using statistics and psychology to maximize claims and minimize tosses
We are opening the first round of our crowdsale very, very soon; this is essentially a WELS token pre-sale. CAPSOL will be integrated with FreeMyVunk in order to promote true ownership in the domain of gaming. The exact details of the integration are still being discussed, but we envision being able to place (and obtain) game assets directly from CAPSOLs. This would provide some pretty nifty promotional opportunities for game developers and publishers. WELS are backed by Ether and you can cash out your WELS for their current estimated market value (= Ether Balance of Token Contract/WELS in circulation). Token Contracts Ether Balance includes funds from the crowdsale and funds deposited into CAPSOLs. We expect to have CAPSOL ready in May or June of 2016, depending on crowdsale support. Lets assume the crowdsale reaches $500,000. Fifty percent will go towards development and the rest will be deposited directly into the CAPSOL system. 25 million WELS would be minted and distributed to investors (based on their contribution). Each System CAPSOL would contain ~$100 initially (upper limit is 100 eth per 10 locations of activity)! Crowdsale WELS price would be 0.05 eth ($0.01, or $1 per 井1). If WELS holders sell for any price above $0.01 they will profit. If users obtain their WELS for anything less than $1/ea and use them to claim System CAPSOLs, they will profit. Currently CAPSOL is on Android in a non-crypto integrated state. Our next update will include integration with the blockchain. After that we will be adding iOS support. Development is expensive and time consuming and we are running this crowdsale in hopes of being able to sustain dedicated development for the foreseeable future. We have most of the heavy lifting of development done and are now cementing down the nuiances - in the meantime we need a graphic designer, marketing team, iOS devices, and coffee. We also need feedback from the community, so if you have any feature requests, ideas, or advice let us know! Personally, my goal is to be a developer for the people. I want to make things that people want. I am taking a leap of faith that that is what the people want too. We will be running two rounds of crowdsale. The first round is the cheapest (0.05 eth per 井1) but is a flashsale and will last only THREE DAYS! The second round will last a month and the price per WELS for that round is still to be determined. The Crowdsale contract is integrated with the Token contract and has an endpoint for the application logic contract so we can make it as robust as needed. If the crowdsale does not reach its soft goal by the deadline, it will self destruct and refund all investors their eth. The token contract has a field for keeping track of the application logic contract so that the system can be updated as needed. This contract is still being developed and some functionality may be added or amended. The soft goal for the first round (current) crowd sale is 5,000 eth. If you have any questions, you know where the comments section is. I'm happy to answer anything I can! As I mentioned, I want to make applications for you. If you would like to stay updated, sign up for our newsletter at http://capsol.us tl;dr Virtual geocaching with Ether and game assets. Flash crowdsale soon. Give your feedback to influence the direction of the app, ask questions if I was unclear about anything EDIT 1: I am going to actively monitor this thread for the continued development of CAPSOL and will refrain from making another post until the second round crowdsale and launch. I'm also going to add some long-term returns for those who invest in the first crowd sale. The logic contract will be developed during and after the flash sale; this round of sale is raising capital and it will be at the very least a few weeks more before CAPSOL is ready for mass consumption. I am attempting to take a slow roll approach to getting the word out; if you have any friends who you feel are insightful or creative and might have something useful to add please send them to this thread. EDIT 2 (5/14): Official answer of how we're going to address "cheating" and automation. The strength is not in any of the following alone, but together they should make "cheating" very difficult and neither viable nor sustainable:
1 WELS are needed to claim a CAPSOL (inherently, this will limit how many CAPSOLs a user can claim).
The server only transmits the information necessary to claim a CAPSOL once your client says you are within rough proximity of said CAPSOL (say, 50 Miles but we could easily drop this to a 1 mile - every square mile of an area would have to be searched to get the information necessary to claim a CAPSOL).
The specific ID of the CAPSOL must be known (this is the weakest of the security checks).
The server will verify submitted coordinates to verify the client isn't making unlikely movements (moving 100 mph).
Check for "Allow Mock Locations" setting enabled (this could be bypassed on a rooted phone, but there would still be speed and WELS limitations).
EDIT 3 (5/26): WELS Presale is live! Summarized the ROI opportunities here WELS Presale: 0x1b089933d0903d463569dda17ae998ba86b2ab62 Ends near midnight (Central) 5/29
A platform is defined by its use cases. If great apps appear, the platform is judged a success. If not, the platform disappears into the dustbin of computer history. So I went looking for the emerging DAPPS (decentralized apps) coming out of the Ethereum platform. DAPPS look like normal apps. That is deliberate. Ethereum made […] Free My Vunk is a movement to port game items and assets into the blockchain. The goal is to give control of hard-won, in-game rewards entirely to the players themselves. On the surface, this seems like a simple, maybe even mundane use case, but the significance a gamer may attach to a specific achievement can be a real source of economic value. The most popular and trusted block explorer and crypto transaction search engine. Description. Take you on a Tour of the Ethereum Mist Wallet. Watch a transaction arrive, see the Smart Contract Platform, Multisignature Account Features, Tokens like VUNK...It's basically a decentralized financial node. Blockchain is used to implement a data management system and its analysis. Factom – captures information, maintains databases and stores them.. Government agencies, large companies, and non-profit organizations provide entries in the system with tags to reduce management and audit costs.
Ethereum Up To $500 ? Breakout Pattern Repeating ?
Ethereum seems to be formatting a pattern like after the first correction level and we assume it will reach $470+ based on historical patterns. ... Free My VUNK 5,611 views. 5:37. Ethereum $500 ... Ethereum For Investors #1 - How To Convert Ethereum IPO (Presale) ... Free My VUNK 2,407 views. 2:33. Coinbase to Ethereum Mist Wallet - Duration: 6:24. Joshua Fausset 17,544 views. Ethereum Mist 0.3.9 Paper Wallet Import Tutorial - Duration: 5:37. Free My VUNK 5,610 views. 5:37. How to transfer from an exchange to MyEtherWallet MEW and around - Duration: 4:35. Additionally, he organizes the Houston Ethereum Meetup and is a member of the Texas Coininitiative. In parallel with these activities, Tyler continues in his first career as an exploration ... A simple follow up video to my previous Ethereum pool mining video. This time in 1080P and better audio! Mist - https://github.com/ethereum/mist.