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Thursday, March 6, 2014

Summary day1 #TexasBitcoinConference texas #daily notes


#Use cases from btc hackathon
Medical records
Multi signature contracts
Decentralized reputation layer

Cointerra 2TH/s $5999 1700 units shipped = 9% hashing power

Charlie Lee - founder litecoin
Charlie Shrem -  btc pioneer arrested, 

#mining  @JoshZerlan
Bitcoin mining = transaction processing
Incentives: block reward (next 20 years), transaction fees (
12 mining pools = 90% hash power
Mining future is not dead its transaction fees

#ethereum @Vitalik Buterin
Use blockchain for more then money?
Legal contracts of crypto currencies.
Put code into the blockchain.

Ether will be the currency
Swiss based, on open transactions
100 people working on it right now
Apps distributet on blockchain and torrent.
Organization: central & decentral

Ethereum use cases:
Decentralize everything like contracts, money, dns, dropbox, banking.
Monthly payments
Contracts like: 2/3 releases 50% 3/3 releases 100%
Premind new currency to incentivice the creator of an idea, file, company or anyting!!!
Ethereum sounds like the next generation of software. 

#capitalism @BennSwann
Bitcoin as perfect example of capitalism
Socialism forcing people becomes fascism
Bitcoin is voluntary thats why its good!

#Tools
Coinpunk html5 wallet
Bit-card cold wallet
Bloqchan.com reddit + dodgecoin voting 

Todos
#Mine for non profit: globumbus
Research mining pools
Buy a miner from cointerra.com
Premind coins to fund the project UFODAC
Bitshares.com replace stocks

Sent from my iPhone

2 comments:

John Rodgers said...

I've also been following Ethereum, exciting concept and evolution. The p2p protocols & contract execution, etc etc - going to change the way we use the internet.

John Rodgers said...

I've also been following Ethereum, exciting concept and evolution. The p2p protocols & contract execution, etc etc - going to change the way we use the internet.

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