Ethereum Mist is this the SuperDac?

[charleshoskinson]

Now you are name calling and entirely missing the point.   

I was inspired from your post a few minutes back in your other thread.

Beware the name dropping.   This is typical of Charles.  Once you recognize the technique these types of individuals use it becomes very obvious that there is no substance.   

[sparkles]

Pure lack of imagination?  BitShares imagined fungible CFDs from the start.    Pooling / Averaging?   Looks like BitShares has it again.

Everyone will end up with BitAssets.   Which is why we have more than BitAssets on our side.  DPOS has great power.

Sprinkles, I was kind of there from the start. Check the first whitepaper. It's again not about implementation. It's about network population.

Now you are name calling and entirely missing the point.   

[toast]

And I know that reliable feeds exist in the outside world, but getting them into your system reliably is the part the systems compete on.

What if they were bloomberg and thomson reuters feeds :)

Great! Same fundamental trust problems and area to compete in...

[charleshoskinson]

And I know that reliable feeds exist in the outside world, but getting them into your system reliably is the part the systems compete on.

What if they were bloomberg and thomson reuters feeds :)

[toast]

First, one can make CFDs fungible. This is just pure lack of imagination. Second, trusted price feeds are the bedrock of the entire financial industry. I don't see any adoption problems stemming from them especially if they are can pooled and averaged.

What I'm saying is, we use price feeds now. So these hypothetical feed-based fungible CFD's and bitassets are basically the same thing now.

And I know that reliable feeds exist in the outside world, but getting them into your system reliably is the part the systems compete on.

[charleshoskinson]

Pure lack of imagination?  BitShares imagined fungible CFDs from the start.    Pooling / Averaging?   Looks like BitShares has it again.

Everyone will end up with BitAssets.   Which is why we have more than BitAssets on our side.  DPOS has great power.

Sprinkles, I was kind of there from the start. Check the first whitepaper. It's again not about implementation. It's about network population.

[sparkles]

First, one can make CFDs fungible. This is just pure lack of imagination. Second, trusted price feeds are the bedrock of the entire financial industry. I don't see any adoption problems stemming from them especially if they are can pooled and averaged.

Pure lack of imagination?  BitShares imagined fungible CFDs from the start.    Pooling / Averaging?   Looks like BitShares has it again.

Everyone will end up with BitAssets.   Which is why we have more than BitAssets on our side.  DPOS has great power. 

[charleshoskinson]

First, one can make CFDs fungible. This is just pure lack of imagination. Second, trusted price feeds are the bedrock of the entire financial industry. I don't see any adoption problems stemming from them especially if they are can pooled and averaged.

[toast]

Even when Ethereum does clone BitAssets, they will still be remembered as being invented here by Dan Larimer. BitUSD is a great brand name and BitShares has captured it.

There is no reason to replicate a market peg when ethereum is better set for CFD contracts backed by trusted price feeds. If people want BitAssets, then they should use bitshares.

Unless you mean that people would prefer normal non-fungible CFDs, then what you're describing is pretty much the bitasset mechanic nowadays. The competition will be over trustworthiness of data feeds and network effect of the tracking assets.

[charleshoskinson]

Even when Ethereum does clone BitAssets, they will still be remembered as being invented here by Dan Larimer. BitUSD is a great brand name and BitShares has captured it.

There is no reason to replicate a market peg when ethereum is better set for CFD contracts backed by trusted price feeds. If people want BitAssets, then they should use bitshares.

[speedy]

Even when Ethereum does clone BitAssets, they will still be remembered as being invented here by Dan Larimer. BitUSD is a great brand name and BitShares has captured it.

[toast]

You can almost implement bitassets exactly as we have them, and you can definitely implement something pretty much equivalent.

If you are surprised by 'ethereum having bitassets' then you really don't get ethereum. Their system won't be designed from the ground up for them to be useful, but they will have *some* kind of fungible price-tracking assets.

[speedy]

He means that Ethereum has cloned Counterparty.

[charleshoskinson]

Since when did counterparty have bit assets?   They have contract for difference settled by price feed, but they don't have the full BitAsset feature.

When did I say they did?

[sparkles]

But they don't have bit-assets, right?

It wouldn't be hard to implement; however, the code component is trivial. It's actually network population that is the core issue. You have to have enough users to achieve market depth and liquidity.

Im sure Charles will tell us how Ethereum could clone BitAssets in 10 minutes using serpent.

Well Counterparty took a day and a half. I'd give Vitalik 2 days :)

Since when did counterparty have bit assets?   They have contract for difference settled by price feed, but they don't have the full BitAsset feature.

[charleshoskinson]

But they don't have bit-assets, right?

It wouldn't be hard to implement; however, the code component is trivial. It's actually network population that is the core issue. You have to have enough users to achieve market depth and liquidity.

Im sure Charles will tell us how Ethereum could clone BitAssets in 10 minutes using serpent.

Well Counterparty took a day and a half. I'd give Vitalik 2 days :)

[speedy]

You know what you saw in the video is not only working, but only months away from release? Ethereum has now two dozen engineers working full time on both the Go and C++ clients.

But they don't have bit-assets, right?

Im sure Charles will tell us how Ethereum could clone BitAssets in 10 minutes using serpent.

[carpet ride]

You know what you saw in the video is not only working, but only months away from release? Ethereum has now two dozen engineers working full time on both the Go and C++ clients.

But they don't have bit-assets, right?

[charleshoskinson]

You know what you saw in the video is not only working, but only months away from release? Ethereum has now two dozen engineers working full time on both the Go and C++ clients.

[betax]

"This is just a vision, not a roadmap and many of these things are years away".

Exactly, but aren't we (nearly) there yet? Yes, we do not have the scripting language yet, but we are going to have 3 dacs in one place (well borrowing features from each other) It seems that our journey is much shorter than theirs. DPOS with faster transactions will allow for much better features.

Ethereum is the superDAC, Mist is the "wallet". Stuff with UI is a small fraction of use cases

Yes, but it sells to more users. UX is very important, and as you  have seen by my tools I suck at it  :P

Use it as inspiration

[CLains]

Expectation is a critical component of motivation. Clear artist renderings of dreams and visions will fuel the present into the future with positive expectations. This is even more important when creativity is required and community must be incited.

[toast]

Ethereum is the superDAC, Mist is the "wallet". Stuff with UI is a small fraction of use cases

[bytemaster]

"This is just a vision, not a roadmap and many of these things are years away".

[fuzzy]

I think bitshares has something like this in the works...but not positive.  I'll wait for the response from the community.

[betax]

https://www.youtube.com/watch?v=IgNjs_WaFSc