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17:39:52  <substack>mappum: good call https://twitter.com/ethereumproject/status/743743594834472960
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18:50:58  <mappum>Yikes
18:51:40  <mappum>I'm sure we'll see lots of cool ethereum experiments, but some people will lose some money in the process
18:56:06  <substack>I think a pure voting scheme might possibly work
18:56:43  <substack>although I don't think tying fungible shares to voting will create the best outcomes
18:57:04  <substack>seems like a recipe for hostile takeover instability
19:00:38  <mappum>That's true. Maybe you could make shares accrue voting power over time and get reset when they are transferred (called "coin age"). Then if an attacker buys a big chunk, everyone will know about it a long time before they can out-vote everyone
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19:03:37  <mappum>Once Bitcoin gets Schnorr sigs, which is being worked on, you could implement this without ethereum
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19:07:56  <substack>but also, you only need these tools for problems that have a degree of centralization
19:08:31  <substack>like having an entity that wields power or controls property
19:09:10  <substack>if you want to build a thing where multiple people get paid, that can all happen in people's clients
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19:18:43  <mappum>Right. The multiple people getting paid thing is already very possible, it's just that the only stuff that gets built on bitcoin right now is the stuff that VCs will fund, so nobody has explored the cool stuff
19:19:52  <mappum>Although I do think most of the cool projects won't happen until after the Lightning Network, since transactions will be easier/faster/cheaper
19:20:58  <substack>yes! waiting 10+ minutes for a transaction to finish is pretty crappy UX
19:25:09  <jfhbrook>good ux: "during the next business day during normal operating hours"
19:25:10  <mappum>Yeah exactly. I think on-blockchain transactions will be kind of analogous to BGP, it's not very scalable and it's not really for end-users, then Lightning channels will be like TCP, where you're establishing a virtual connection with anyone
19:27:15  <mappum>jfhbrook: "and with a $10 fee"
19:27:56  <jfhbrook>good ux: "take a trip to 14th street with your passport for a piece of paper saying we put a hold on your account, then physically transport that piece of paper to the management office of your new lease"
19:28:00  <jfhbrook>lol sweet
19:42:19  <mappum>Yeah it'll be awesome to see that stuff change over the next decade
19:49:23  <robertkowalski>yoyo
19:53:03  <robertkowalski>talking with a mad scientist about a distributed database everyone can access and build "topics" / "galaxies" which give the data meaning
19:53:08  <robertkowalski>i want to
19:53:13  <robertkowalski>narf
19:53:23  <robertkowalski>would like to point them to squadconf
19:53:43  <robertkowalski>any links to squadconf material or squadconf infos?
20:11:10  <yangwao>you mean squatconf?
20:11:20  <yangwao>https://squatconf.eu/
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20:31:49  <substack>robertkowalski: there are many libraries for building those kind of systems, it depends on what you're trying to build
20:40:57  <yangwao>robertkowalski: you may have a look on gunDB
20:41:05  <yangwao>is not a perfect, but neat approach to distributed db
20:48:49  <substack>I think it's more helpful to be specific about requirements before reaching for a "distributed db"
20:49:03  <substack>because there are so many kinds and the techniques are often mutually exclusive
20:59:22  <yangwao>oh, you are right, there are lot of do's and don'ts around distributed dbs
20:59:33  <yangwao>lately I was wondering, why gundb is missing scope for data as native module :/
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23:02:57  <noffle>mafintosh: hah, just saw your github profile tagline :)
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