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Hhhhmmmmm the basic principles of this system are good. I'm still thinking that there may be a simpler way to create the Trust value we are all screaming about with Blockchain. The 'Smart Contract' should be a simple way for us to create a 'fund bank' which will only be released on the conclusion of various 'proof of work' / roadmap activities.
I think there is something out there similar (will have to do some digging again).
Thanks for the 'heads up' about Blockhive and Takenote. I'll be doing a bit more research into them and how it all functions.
Hopefully we, as a community, can begin to seed out the rotten apples and create a substantially more stable, trustworthy ICO Funding system that better benefits the investors. Great Post! (Sharing on Linkedin)
I have thought about smart contracts as a solution but the problem is the metrics of the smart contract can still be corruptable and agreed upon release points for funds can be messed with and there is still no way to hold them accountable unless we have some sort of trustee consensus protoal built into the smart contract with major stake holders and agent stakeholders making the calls which is something ontology has been looking at as well as NULS.
I cannot vouch for the effectiveness of blockhives implementation of the ILP but I do like the concept and I like that people are thinking of alternatives. If you do find more information about it please feel free to tag me in the post i'd love to know more about it and really appreciate the share and the insightful comment.
Your Post Has Been Featured on @Resteemable!
Feature any Steemit post using resteemit.com!
How It Works:
1. Take Any Steemit URL
2. Erase
https://3. Type
reGet Featured Instantly & Featured Posts are voted every 2.4hrs
Join the Curation Team Here | Vote Resteemable for Witness
Hhhhmmmmm the basic principles of this system are good. I'm still thinking that there may be a simpler way to create the Trust value we are all screaming about with Blockchain. The 'Smart Contract' should be a simple way for us to create a 'fund bank' which will only be released on the conclusion of various 'proof of work' / roadmap activities.
I think there is something out there similar (will have to do some digging again).
Thanks for the 'heads up' about Blockhive and Takenote. I'll be doing a bit more research into them and how it all functions.
Hopefully we, as a community, can begin to seed out the rotten apples and create a substantially more stable, trustworthy ICO Funding system that better benefits the investors. Great Post! (Sharing on Linkedin)
I have thought about smart contracts as a solution but the problem is the metrics of the smart contract can still be corruptable and agreed upon release points for funds can be messed with and there is still no way to hold them accountable unless we have some sort of trustee consensus protoal built into the smart contract with major stake holders and agent stakeholders making the calls which is something ontology has been looking at as well as NULS.
I cannot vouch for the effectiveness of blockhives implementation of the ILP but I do like the concept and I like that people are thinking of alternatives. If you do find more information about it please feel free to tag me in the post i'd love to know more about it and really appreciate the share and the insightful comment.
Thanks mr @tts bot man! appreciate you selecting my post for an audio version