Ethereum Project Update

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First, the ECIP monetary policy proposal. Third, a broader point charles hoskinson ethereum reddit community management and governance. With respect to ECIPI think Snaproll has done a great job producing something fair and timely for our community. There are other communities that are directly responsible for the success of charles hoskinson ethereum reddit project that either cannot or will not use our standard communication mediums. Second, they, in some cases, do not speak English.

My primary reservation is that we cannot change the social contract of ETC without their consent or we have every right to expect a surprise fork just like the EF endured.

Yes this process takes charles hoskinson ethereum reddit, but it can and should be expedited. Second, IOHK has recently released a treasury proposal. Charles hoskinson ethereum reddit intended on a soft discussion that would gradually solidify over time. It was not meant to be a papal bull encased in immutable canon law once given. My second point is that I do not believe that it is wise or sane to implement a treasury system with a smart contract.

It will take likely months of research and development to build a proper peer reviewed and tested treasury system something the DAO never did and we will likely have to introduce new cryptographic primitives, data structures and other pieces of complexity to implement this system. The earliest it can be safely done would be Q1 of Utilizing a smart contract for a global system would make it bloated, force development in a sub-optimal language solidity and greatly restrict our flexibility.

Third, I would like to remind charles hoskinson ethereum reddit that one of the reasons the hard fork occurred is that the core entity pushing it has absolutely no accountability to the stakeholders of Ethereum. The EF cannot be defunded or compelled to behave in a certain way from the holders of Ether. Decentralizing the capital available to the ecosystem and making it flow in stages with contingencies and revokeability would completely change the social dynamic.

An entity like the EF would be forced to ask have they really achieved proper consent charles hoskinson ethereum reddit the community for an action. This mechanism is an extremely powerful governance tool and ought to be explored. ETC was founded with the goal of minimizing centralization and strongmen pushing us into bad directions.

My last point, with respect to the treasury, is that we should dream big with ETC. The reality is that smart charles hoskinson ethereum reddit competition is going to get extremely tough in Tezos is launching with smart contracts.

Rootstock will be a player in the second half of this year. Ethereum continues to evolve rapidly. There will also be many more. In the latest news while Bitcoin and Ethereum have been falling Ethereum Classic has begun to rise. It came into existence due to the massive DAO bug, which resulted the Ethereum Foundation implementing a soft fix that ultimately Ethereum Classic recently saw

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Project, Platform, Fuel, Stack. Development of the Ethereum project has gone very well over the months since inception. The core activity — development of the software platform — is on track and many developers around the world are starting to build small, exploratory distributed applications on the platform, even though we are still not yet in alpha release. The 5th installment of the proof of concept series will be released soon, though many community members download the developing source code, compile it and use it on a regular basis for their various activities.

These are well on their way to completion. Documentation regarding the sale is also nearing completion though there are still some incomplete items in the critical path that makes it difficult for us to set a sale date as yet. All of these activities are embedded in an ongoing base of support and communications activities.

These have grown extensive due to the global popularity of the project. Our twitter followers number in excess of The number of global meet-ups that focus on Ethereum exclusively or significantly currently numbers 58 groups in 49 different cities, spread over 19 countries. This project is agile and fast moving and has benefitted from several leadership reorganizations since inception.

It is anticipated that this fluidity will continue as each of us are dedicated remaining lean and agile and to doing what is best for the project at any given time. Stephan Tual and Taylor Gerring have been on the project and essential to it since the early days. Though they had significant input already, this has been formalized and they are now part of the leadership group.

The most recent phase of business activity involved strong attention to the legalities of the sale and Charles Hoskinson was ideal to lead that effort. But that effort is now substantially complete and Charles will be moving on to other activities in the space. Please stay tuned to this channel as we will continue to release information regarding software development activities and details of the pre-sale for absorption and feedback.

Are you aware of anyone attempting to build a new political organization, party or coalition via a blockchain-based approach, assuming it makes sense to even try? It could map onto socialism or libertarian. You may use these HTML tags and attributes: Ethereum Project Update Introduction. Author Germaine Posted at 8: Thanks for whatever you can offer.