Re <<But, the blockchain should mean that the transactions are all recorded... so, they should be able to be walked back... ?
Otherwise... "fraud tolerance" means "buyer beware" trumps even the law...
All of the smart contract language... ? Can you show me any contracts that have been enforced in court ? Without an appreciation of the costs of enforcement... the probability of the need for it... the likelihood of success... all a bit hard to judge, yet.
Or, if you find a way to make victims in the middle of a chain whole... and not transfer punishment to those the frauds spent ill-gotten money with ?
You would have to find a way to grow the currency in the middle from an event like that... to fill in the hole that the fraud makes ?
So, the competition then would be one between 1.) a crypto that is fraud tolerant but fraud safe...only growing in the middle from the point of a fraud... so the future growth in currency is driven by accumulations of frauds... and 2.) a fiat currency that aggregates all of the fraud in growing the currency at one end, while not solving any of the problem of the impact of frauds occurring in the middle of the chain in commerce ?>>
(1) I do not know. Suspect very few people know. By conversations w/ crypto gurus (definition, the folks who made a bundle early on and are now staking other startups and putting together teams for the startups) I sense they know a lot about the workings of cryptos but are learning about the intricacies of real world business practices in specific industry / commerce sectors (i.e. life, property, and business insurances, healthcare, etc etc), and as they learn, we learn what is and is not possible
I pointed the Boyz to look see at the Lloyds of London business model as one path of investigation.
(2) As far as native NFTs (am starting to think funny myself) are concerned, must be future-proof, hot-upgradable, and infinitely workable for different industry sectors as each search for best solution particular to own case
Wanna-be custodians best figure out how they might enforce contracts
Would-be trust- / guarantee- service providers best reckon how to step in front of contract participants
Put / call experts need to calculate probabilities & costs
Etc etc
(3) BTW, I might be misunderstanding and shall double-check, but my understanding is that Casper-facilitated contracts can be walked-back by action of proof-of-stake consensus and that the distributed / decentralised ledger contracts can be upgraded whilst hot on the net (I have no plucking clue of) techspec.casperlabs.io
(4) Just received message,
"So Uniswap is always one of two things. One, it could be someone launching an IOU token backed by their own Casper when they unlock. Or two, its one of the dozen or so scam versions that always pop up after big sales. More likely #2.
Now that said, one exchange did buy some supply and sell those future Casper. They were going for 25 to 36 cents last I saw. Amazing indicator of upcoming value."
Caspers, adjusted for risk is my largest position at listing price of 0.02. At 0.14 becomes my largest position. At 0.29 would be all-time largest ... and so forth. At zero would just be another lesson in life and big picture. Very exciting per warrior gene expression Message 28573920 |
