Regulation D - Securities Act of 1933 ScottI am putting together a white paper focusing on the deficiencies in the USA legal system regarding evidence authentication and how the blockchain immutability can save billions of dollars annual in legal fees and court costs.
Along with the release of the white paper will be a private placement memorandum offered under Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 which added a Securities Act Section 4(a)(6) that provides an exemption from registration for certain crowdfunding transactions.
If any one here is familiar with what I am talking about lets discuss putting together a team to get ahead of the curve on this.
Regulation D of the Securities ActScott Stevensonscott@1box.onmicrosoft.comI am putting together a white paper focusing on the deficiencies in the USA legal system regarding evidence authentication and how the blockchain immutability can save billions of dollars annual in legal fees and court costs.
Along with the release of the white paper will be a private placement memorandum offered under Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 which added a Securities Act Section 4(a)(6) that provides an exemption from registration for certain crowdfunding transactions.
If any one here is familiar with what I am talking about lets discuss putting together a team to get ahead of the curve on this.
AdminWe are targeting a method to make messages take up less gas, additional moderation features, multi-board support and rudimentary Swarm support.
The next build may need to be on the Ropsten test network. Hope to have a new public release for you all within the next little while :)
Mist should provide an option to sign tx without retyping passwordThis is the main advantage of metamask over mist in my opinion. They make interacting with DAPPs like this one much easier since you dont have to keep retyping your password every time you want to approve a transaction.
Coin caps are slogans not solutions. The whole 21m cap concept is an aspiration but dont think for a minute that bitcoiners have figured out how to maintain security on tx fees alone as sole incentive for mining
>>24
I think the token should be for reputation or voting but not for posting itself. You can always pay to buy a token but reputation should be someting you earn.
Giveth>>19
I would like to see a tokenized version... where you must have a token to have access to post... so maybe instead of the payment being required in ETH, maybe a token is the required payment ;-D
Vitalik on ETH inflation projectionsBamosSo here is a thought. Currently, because of the PoW ice age, the block time is scheduled to start increasing in mid-2017, and past around 2019 the increase is going to grow exponentially. The mining reward does NOT increase proportionately. Hence, there is already an exponential slowdown in the growth of the ETH supply built into the protocol; my script shows:
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
Hence, in the foreseeable future, the supply will not go far above 100 million.
PoS is likely to lead to quite low issuance rates; I am not comfortable promising zero, but if it is not much less than the current PoW then there is little point in making the switch in any case. If the community wishes to, while PoW is in play, it's possible to agree that any delay to the ice age bomb should also respect this general ETH supply growth curve, so in a situation where at time X if current ethereum would have a 75s block time, the ice age patch would set the block time to 15s and the block reward to 1 ETH (and adjust uncle/nephew rewards proportionately).
That said, issuance is a key economic parameter and I personally don't feel I or the foundation or client developers have the authority to dictate this; perhaps it's worth some kind of vote.
>>14
Great- yes Raiden may make it cheaper. Also some kind of tipping/voting mechanism may incentivize people to answer questions as their gas costs could be covered if the questioner is satisfied.
Admin>>11
Voting is doable, may come in a later update to the board software. The target audience for bchat probably isn't going to appreciate voting, might need to make another iteration of the frontend and rebrand.
>>12
Gas costs are a drawback right now, I'm not sure if a Swarm database will resolve the issue but it is something I will consider when Swarm becomes more stable. As Ethereum becomes more popular hopefully gas costs will come down. Maybe we can leverage Raiden? We'll see.
Just to note, as the board fills up and some threads get pruned after the max thread limit is reached (30) the gas cost goes down a bit. Longer posts will always cost more because of the amount of data you're writing.
Admin>>8
There is the ability to add moderators and submoderators who can delete posts. This functionality isn't in the frontend as of yet but is accessible.
You can also delete your own posts if you hover over the options button.
Admin>>1
>What is sebb?
sebb (Small Ethernet Bulletin Board) is smart contract software that implements web forum functionality on the Ethereum network. sebb sends and stores data which is accessible by any Ethereum client. Our goal is to showcase the Ethereum platform and smart contract technology by providing an easy and simple to use application.
>Why the blockchain over traditional forum hosting?
A challenge that many major web forums out there have is obtaining funding to continue their operations. sebb not only offloads the technical work required to a decentralized location, but all costs incurred are paid for by the users through microtransactions. Board owners can then focus on producing board content and moderation.
>What is bchat?
bchat is a proof-of-concept frontend implementation of sebb. We chose to implement a familiar board style which promotes discussion and is simple and easy to use.
>How do I use bchat?
Simply visit bchat.org with any web3 enabled browser. At this time the Mist browser and Metamask have been tested.
>What does the future hold?
As the Ethereum platform develops we are looking to implement ways to fully decentralize the frontend, to reduce posting cost, and to allow decentralized image or file posting.
Welcome to bchat!Adminbchat is an implementation of the sebb (Small Ethereum Bulletin Board) software. All forum functions are located in the Ethereum blockchain! Please remember that this is alpha software, more features are to come!