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Re:What is an Initial Coin Offering and How Does it Work? by kang on Monday July 03, 2017 @02:00PM (#14690180)
>happens to have

Sorry but ethereum has no use case, nor is technically ethereum's architecture makes distributed computation possible or even is decentralised. There is not one single dapp that is decentralised and working.

Re:What is an Initial Coin Offering and How Does it Work? by nicksdjohnson on Monday July 03, 2017 @02:37PM (#14690430)
> There is not one single dapp that is decentralised and working.

Sure there is. ENS, for one example. Plenty of gambling apps for another (I don't find them particularly _compelling_, but they are there and they do work)

Re:What is an Initial Coin Offering and How Does it Work? by kang on Monday July 03, 2017 @03:58PM (#14690952)
ENS is a great example of a centralised system plus its only about eth based names, no application other than just a method by to collect money by the platform for offering services that are only about the platform and work in the platform.
Re:What is an Initial Coin Offering and How Does it Work? by chejazi on Monday July 03, 2017 @05:25PM (#14691517)
ENS is implemented as a set of smart contracts with some multisig management. Are you arguing that this is centralized? Also, money that is collected by the ENS contracts is only held as a deposit.
Re:What is an Initial Coin Offering and How Does it Work? by kang on Monday July 03, 2017 @06:29PM (#14691929)
Yes, I am arguing it is centralised. Read about the centralised root signature system that is the way to add new TLDs to the system.

Also this is worse than the current system we have in the world because it wastes more energy in doing so!

It claims it is a decentralised naming system, though looking deeper you will find it is just clever marketing and underneath is it is only ethereum-platform based naming for anything like your address etc. will only work in eth browsers, not all etc. which I have already mentioned in my OP.

Re:What is an Initial Coin Offering and How Does it Work? by chejazi on Monday July 03, 2017 @06:40PM (#14691993)
> it is only ethereum-platform based naming for anything like your address etc.

The "etc" is important here, because it refers to richer resources such as content hashes. With this, you could load the entire "frontend" for a website from a decentralized datasource, e.g. Swarm. Meanwhile, the backend could be the Ethereum blockchain/smart contract methods.

Re:What is an Initial Coin Offering and How Does it Work? by kang on Monday July 03, 2017 @08:45PM (#14692650)
No etc is not important because it is essentially a centralized mapping of a string of text to another, thats all.
Re:What is an Initial Coin Offering and How Does it Work? by nicksdjohnson on Tuesday July 04, 2017 @02:45AM (#14694007)
You seem to have very (some would say ridiculously) high standards for 'decentralised'.

If the root multisig was deleted, would it be 'decentralised' in your book?

> It claims it is a decentralised naming system, though looking deeper you will find it is just clever marketing and underneath is it is only ethereum-platform based naming for anything like your address etc. will only work in eth browsers, not all etc. which I have already mentioned in my OP.

It doesn't claim to be DNS. DNS is not the only naming system.

Re:What is an Initial Coin Offering and How Does it Work? by nicksdjohnson on Monday July 03, 2017 @04:10PM (#14691030)
What's centralised about ENS?

Also, it can be used to resolve any resource you want - although you're shifting the goalposts, since that wasn't originally a requirement.

Re:What is an Initial Coin Offering and How Does it Work? by kang on Monday July 03, 2017 @06:31PM (#14691935)
1. the whole blockchain it is based on 2. root signatures in ENS
Re:What is an Initial Coin Offering and How Does it Work? by nicksdjohnson on Tuesday July 04, 2017 @02:46AM (#14694020)
Okay, I'll bite. What's 'centralised' about Ethereuem, without twisting the word beyond all recognition?