Great+Chain+of+Numbers+A+Guide+to+Smart+Contracts,+Smart+Property+and+Trustless+Asset+Management+-+Tim+Swanson

Recommendations

Info

Cost benefit analysis of decentralizing ................................................................................................... 95 NGO use-cases ........................................................................................................................................ 97 China ................................................................................................................................................... 98 Startup Cities Institute ........................................................................................................................ 99 Chapter 9: Conclusions ............................................................................................................................. 101 Platform Matrix ..................................................................................................................................... 101 .............................................................................................................................................................. 103 Synthesis ............................................................................................................................................... 103 About the author ...................................................................................................................................... 106 Endnotes ................................................................................................................................................... 107 5
Foreword "It is a rare mind indeed that can render the hitherto non-existent blindingly obvious. The cry ‘I could have thought of that’ is a very popular and misleading one, for the fact is that they didn’t, and a very significant and revealing fact it is too." - Douglas Adams, Dirk Gently's Holistic Detective Agency The physical world has an intractable problem; things exist. Whether a bar of gold or a bus pass, left to their own devices these valuable objects will not move or act of their own accord. Furthermore, if you want to sell such an item, you have the unenviable task of finding someone who would like that item from you, is willing to pay you in the thing you desire and is local enough to make such a deal logical. Money used to have this problem; we used antiquated systems that move promises for dollars around the world at 1960 speed. Bitcoin changed the equation, introducing the distributed ledger technology that allows value to change owner with no regard for where the transacting users are geographically located. Bitcoin is to money what Smart Property is to ownership. A fundamental reinvention of how things should work, and a better way. The problems are not new, and the solutions enacted to this point were designed with that liability of physical existence in mind. We are no longer constrained by this liability. This all occurs against a backdrop of open source innovation and cooperative competition among the projects vying to “win” the battle for Bitcoin 2.0. Where six months ago there were two projects, now there are eight, with new protocols announced at least monthly. When Satoshi Nakamoto mined the Genesis Block, he had months before there was much competition for the tokens he was mining and years before the first competitor for his protocol emerged. In this next generation there is no luxury of obscurity. The race is on and the only sure winner is technological progress. In the information age, technological optimization is often confused with technological progress. Both are measures of growth, improvement in the lives of users of these technologies, but they are very much not the same thing. Optimization is a purely additive process. Moore's law and the competitive nature of the free market demand that these items be made smaller and denser. Faster and cheaper. This is steady and predictable, and it can be mapped and planned for. Sometimes optimization constitutes progress; but most real progress, paradigm shifting in implication, comes from doing something unexpected. Intentionally or not. You cannot plan for this. You are not prepared for this. 6
Page 2 and 3: Great Chain of Numbers: A Guide to
Page 4 and 5: Contents Foreword .................
Page 8 and 9: But then, neither is anybody else.
Page 10 and 11: years ago and the PC did 35 years a
Page 12 and 13: Glossary Because of the dynamic nat
Page 14 and 15: Economists and legal experts have s
Page 16 and 17: Chapter 2: Smart Contracts “Setti
Page 18 and 19: has other potential uses that have
Page 20 and 21: valueless transaction costs all whi
Page 22 and 23: While there are several other proje
Page 24 and 25: Implementation of DACs, however, is
Page 26 and 27: Such a system, if implemented, woul
Page 28 and 29: “In a similar fashion,” Byrne a
Page 30 and 31: While his proposal will likely rece
Page 32 and 33: Chapter 3: Next Generation Platform
Page 34 and 35: ather a Decentralized Autonomous Ap
Page 36 and 37: Ethereum Another “2.0” project
Page 38 and 39: wallet balance as shares rather tha
Page 40 and 41: and its launch was entirely decentr
Page 42 and 43: Open-Transactions Chris Odom is a c
Page 44 and 45: Yet as noted above, Ripple’s plat
Page 46 and 47: This Euler diagram shows two main s
Page 48 and 49: Chapter 4: Smart Property Since the
Page 50 and 51: e done with existing technology. Ho
Page 52 and 53: vulnerable systems authorized to in
Page 54 and 55: system to the same mechanism mentio
Page 56 and 57:
those participating further down th
Page 58 and 59:
(DAC). Furthermore, one of our curr
Page 60 and 61:
Where the Rubber Meets the Road Cur
Page 62 and 63:
several choices. He can immediately
Page 64 and 65:
four years has been for one particu
Page 66 and 67:
Chapter 6: Fundraising Landscape Ac
Page 68 and 69:
Chart 3 illustrates that as a perce
Page 70 and 71:
Ultimately he sees significantly gr
Page 72 and 73:
What was unique about the conversat
Page 74 and 75:
perspective like China and India wi
Page 76 and 77:
While many users and commentators h
Page 78 and 79:
Remittances, Value-Added Services,
Page 80 and 81:
For example, since at least 1991 th
Page 82 and 83:
financially was the miners themselv
Page 84 and 85:
According to its 2013 report, Lexis
Page 86 and 87:
Sean Percival, a tech-industry vete
Page 88 and 89:
continuously builds the entire netw
Page 90 and 91:
to secure a wallet. As a consequenc
Page 92 and 93:
Chapter 8: Jack-of-All-Trades? Can
Page 94 and 95:
It should be noted that the direct
Page 96 and 97:
etter or easier? Just because you c
Page 98 and 99:
NGO use-cases In an exchange with P
Page 100 and 101:
independently run DAO these same in
Page 102 and 103:
Chapter 9: Conclusions Even with so
Page 104 and 105:
Synthesis If you, the reader, are n
Page 106 and 107:
Instead of having to stand in one l
Page 108 and 109:
Endnotes 1 Guanxi ( 关系 ) is a
Page 110 and 111:
36 This issue can involve entire pa
Page 112 and 113:
with the sole intention of building
Page 114 and 115:
107 Chroma Wallet 108 Losing the pr
Page 116 and 117:
Audit Report: Transparency and Acco
Page 118 and 119:
184 Kevin Mitnick is perhaps the mo
Page 120 and 121:
218 Compliance Program Design Prese
Page 122 and 123:
270 Skype calls now equivalent to o
Page 124 and 125:
315 One of the topics discussed at
Page 126 and 127:
357 BitPay Exceeds $100,000,000 in
Page 128 and 129:
maximum transactions per second fro
Page 130:
446 Point-of-Sale Terminals Should
show all

Great+Chain+of+Numbers+A+Guide+to+Smart+Contracts,+Smart+Property+and+Trustless+Asset+Management+-+Tim+Swanson

Create successful ePaper yourself

Delete template?

Save as template?