This was an introduction to Ethereum lecture presented at the beginning of our Ethereum Deep Dive on June 17. Lecture slides: goo.gl/6C8oRU Deep Dive document: goo.gl/wk813i
A very nice introduction to blockchain and applications. Specially the technical usecases covered later (though i didnt quite grasp them, need to spend more time understanding).
Sorry to be offtopic but does anyone know of a way to log back into an Instagram account?? I somehow forgot my password. I would love any tricks you can give me
That river example is awful. You shouldn't pay the company, you should pay the enforcement officials (like police). Otherwise the company saves money dumping pollutants into the river, then gets paid to clean them up. The people would be incentivizing private corporations to cause, then fix, their own problems while getting paid each way.
34:33 If DNS was on a smart contract and there was a fee to do dns lookups that would get very expensive very soon (due to the gas fees for each lookup).
Interesting - thanks for the clarification. Makes sense; for reads there need not be a change to the state held by the blockchain, writes would be the ones that require a little change on several nodes holding the state and hence have a gas cost.
The real-world prediction gambling sounds like it could easily lead to black market manipulation of events. By "incentivizing" certain outcomes, rather than just predicting it puts a financial benefit on certain results, which may not have otherwise existed, and thus would itself likely effect the outcome. I see positive use scenarios, but it also sounds dangerous, like something organized crime would thrive on. Although, such markets likely already exist in a less tracked format, and this at least has a ledger.
