The anti smart contract event

In a change of pace from my regular subject matter, I thought I'd give a little insight to my recent investment in blockchain technology and why I am now doubling down on investments that only feature smart contract implementing block chain protocols. To be specific: Ethereum.

The Ethereum protocol is set to dominate every other cryptocurrency on the market as of this writing for the following reasons:

1) It is based on a solid second generation blockchain protocol that implements secure contracts.

2) It is growing in adoption on a fast ramp that despite volatility is still ramping....full hockey stick.

3) The smart contracts rely on DAPPS (distributed applications) built on the block chain like token based ICO contracts and associated services, these have been gaining steady use for raising amazing amounts of money in short order to build block chain resident services. These services will anchor inherent value in the ethereum block chain which anchors stability in the protocol as a currency. As ICO based smart contracts predominate and service customers ....ethereum becomes cemented as THE cryptocurrency to use world wide.

4) Block chain tech. lacking SC's (like bitcoin) unfortunately have structural flaws that make them long term not competitive as value stores. They simply can't anchor value and won't earn the psychological trust of users....this will keep them ALWAYS more volatile than SC implementing block chain tech. like Ethereum...which means: Sell your non ethereum crypto currency now and use the money to buy more ethereum.

5) Unlike Bitcoin which suffered major attack (Mt. Gox) ethereum is ramping in adoption and exchange presence such that it is highly distributed and not as subject to manipulation (the flash crash of nearly 2 weeks ago was handled as designed by the system and as market cap continues to balloon such events will become increasingly less likely and less severe) as other crypto currencies with far smaller presence and high commensurate volatility.

6) Ethereum has already gained major support in the form of adoption by several national governments as a first class crypto citizen on their major exchanges (Singapore, South Korea , China) larger trade support means distributed impact surface for any future attacks or failures ....which means impervious response of the protocol on a whole to any single shock. Coupled with SC's being implemented across regions and domains this multiplies the anchoring of value in the protocol (which is sympathetic even between continents since the currency is NOT a nationally modulated my some federal reserve like entity, value store it is global).

7) The development process is being guided by a dedicated block chain evangelist in Vitalik Butirin, who is in the for the long haul and has ensured that the protocol moves in the right directions.

8) The Ethereum alliance of companies that have signed on to implement or investigate the technology continues to grow.

9) The protocol lacks the structural limitations that Bitcoin has such as slow transaction rates , limited theoretical scale and multiple versions inspiring consensus crisis.

:For these reasons I see little reason to continue holding on to my position in Litecoin, as a result I will let it peak to double my investment and then sell the entire position only to use the gains to buy more ethereum.

the attributes of web 3.0...

As the US economy continues to suffer the doldrums of stagnant investment in many industries, belt tightening budgets in many of the largest cities and continuous rounds of lay offs at some of the oldest of corporations, it is little comfort to those suffering through economic problems that what is happening now, has happened before. True, the severity of the downturn might have been different but the common factors of people and businesses being forced to do more with less is the theme of the times. Like environmental shocks to an ecosystem, stresses to the economic system lead to people hunkering down to last the storm, but it is instructive to realize that during the storm, all that idle time in the shelter affords people the ability to solve previous or existing problems. Likewise, economic downturns enable enterprising individuals and corporations the ability to make bold decisions with regard to marketing , sales or product focus that can lead to incredible gains as the economic ...

How many cofactors for inducing expression of every cell type?

Another revolution in iPSC technology announced: "Also known as iPS cells, these cells can become virtually any cell type in the human body -- just like embryonic stem cells. Then last year, Gladstone Senior Investigator Sheng Ding, PhD, announced that he had used a combination of small molecules and genetic factors to transform skin cells directly into neural stem cells. Today, Dr. Huang takes a new tack by using one genetic factor -- Sox2 -- to directly reprogram one cell type into another without reverting to the pluripotent state." -- So the method invented by Yamanaka is now refined to rely only 1 cofactor and b) directly generate the target cell type from the source cell type (skin to neuron) without the stem like intermediate stage. It also mentions that oncogenic triggering was eliminated in their testing. Now comparative methods can be used to discover other types...the question is..is Sox2 critical for all types? It may be that skin to neuron relies on Sox2 ...

AgilEntity Architecture: Action Oriented Workflow

Permissions, fine grained versus management headache The usual method for determining which users can perform a given function on a given object in a managed system, employs providing those Users with specific access rights via the use of permissions. Often these permissions are also able to be granted to collections called Groups, to which Users are added. The combination of Permissions and Groups provides the ability to provide as atomic a dissemination of rights across the User space as possible. However, this granularity comes at the price of reduced efficiency for managing the created permissions and more importantly the Groups that collect Users designated to perform sets of actions. Essentially the Groups serve as access control lists in many systems, which for the variable and often changing environment of business applications means a need to constantly update the ACL’s (groups) in order to add or remove individuals based on their ability to perform cert...

sent2null space

Search This Blog