News for hackers. Stuff that matters.

A comment on The Supply of Tethers at 27 November 2017 is $675M. Parent comment

Re:The Supply of Tethers at 27 November 2017 is $675M by jatsign on Tuesday November 28, 2017 @08:29AM (#15797010)
1) Contract owner CANNOT withdraw ETH. 2) True. The Price Oracle is a separate contract that I want to modify to be more like Ark's superdelegate method - a certain number of delegates stake Unum and get to control the price oracle, and in return get to collect the fees from the Unum contract. There's a bit of a chicken-and-egg problem with that for now - it requires people who are interested in collecting a part of the Unum fee. 3) True, but the contract is backed by more than ETH. If the entire crypto market tanks, you'd have to wait for a recovery before you could sell your Unum.
[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by RileyJames on Tuesday November 28, 2017 @09:43AM (#15797637)
Very interesting. Do you have any further info on 'Ark's superdelegate method'? I only found yourself mentioning it via google. I'm interested in how oracles / off-chain data can be decentralised.
[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by jatsign on Tuesday November 28, 2017 @10:03AM (#15797813)
This may explain: https://ark-guide.readme.io/v1.0/docs/what-are-delegates

There are a few currencies doing delegate so I may have confused "super delegates" with another currency.

[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by jstanley on Tuesday November 28, 2017 @08:45AM (#15797164)
If I'm interested in becoming one of your price oracle delegates, what do I do?
[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by jatsign on Tuesday November 28, 2017 @08:53AM (#15797232)
For now that's just a plan. Assuming people become interested in, and start using Unum, I'll post more about it on the blog.

For now, I'd really appreciate any help in getting people to take a look at Unum.

https://www.medium.com/unum

[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by baby on Tuesday November 28, 2017 @10:50AM (#15798272)
2) have you looked into towncrier?
[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by jatsign on Tuesday November 28, 2017 @11:48AM (#15798866)
I did, and it seemed like a good solution, except I wanted to be able to instantly get the price info, and town crier is a request/response method. The Price Oracle part of unum caches the price, so I can use a .call method from the Unum contract to retrieve the data immediately.
[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by BoiledCabbage on Tuesday November 28, 2017 @10:56AM (#15798343)
Everyone and their mother is starting an alt-coin.

My next-door neighbor's sister's hairdresser has started one as well. Every 10th coin you mine, you get 15% off your next appointment. Have you looked into that one yet?

[ Parent | on HN ]
Re:The Supply of Tethers at 27 November 2017 is $675M by baby on Tuesday November 28, 2017 @04:35PM (#15802004)
TownCrier is actually pretty interesting, it's leveraging Intel SGX to verify requests
[ Parent | on HN ]