Ethereum Q&A: Ether, ICOs, and securities

Rodney asks, “Ethereum pre-sale: ICO or not?Do you consider the Ethereum pre-sale [to be] an ICO?If so, why? If not, why not?This topic has been hot recently due to the recent SEC announcements about ICOs being securities.I’m curious to here Andreas’ thoughts on this situation too.”I think Ethereum probably has one of the best arguments as to its role as a utility token rather than a security.Keep in mind: unlike…

Bitcoin Q&A: Inspiring cryptocurrency projects

[AUDIENCE] I’m distinctly interested in innovation and pushing out the boundaries of possibilities.In the future, I certainly want to see a lot more when it comes to women being involved.I’m really interested in what projects you see, where the use of cryptocurrency or blockchains has inspired you.What has been most inspiring project you’ve seen, that can actually help inspire people to think beyond…what we’re actually witnessing now?[ANDREAS] That’s a tough…

Bitcoin Q&A: Inspiring cryptocurrency projects

[AUDIENCE] I’m distinctly interested in innovation and pushing out the boundaries of possibilities.In the future, I certainly want to see a lot more when it comes to women being involved.I’m really interested in what projects you see, where the use of cryptocurrency or blockchains has inspired you.What has been most inspiring project you’ve seen, that can actually help inspire people to think beyond…what we’re actually witnessing now?[ANDREAS] That’s a tough…

Ethereum Q&A: Smart contracts and law ambiguity

“Are smart contracts agreed upon, or are they more a way of saying,‘This is how I function. If you want to interact with me, you [must] follow these rules’?”Gabriel, I think part of the challenge here is, the words “smart contract” is very confusing for many people.The [term] “smart contract” leads people to believe that this is somehow a [legal] contract, as in…“The undersigned, Andreas Antonopoulos, agree upon presentation of…

Outside the Golden Cage of Banking

Hi everyone! Today, I will talk about the golden cage of financial regulation.In the world we live in, finance hasn’t been the same since the early 1970s.In the United States, a law was passed called the Bank Secrecy Act, signed by Richard Nixon.Or Dick, as we call him in America. [Laughter] That Dick signed this particular law.It required that banks operate as a surveillance mechanism for the government.This was then…

Ethereum Q&A: Smart contract platforms

Q: “Which do you think is a superior platform for smart contracts?Bitcoin with side chains like Rootstock?Ethereum or one of the self-proclaimed 3G or third-generation blockchains?”I mean the problem is you can’t really compare these things,and the reason you can’t compare them is because one exists and the other two are mostly road map or test software at the moment.So, Ethereum exists, and you can like it, you can hate…

Ethereum Q&A: Smart contract platforms

Q: “Which do you think is a superior platform for smart contracts?Bitcoin with side chains like Rootstock?Ethereum or one of the self-proclaimed 3G or third-generation blockchains?”I mean the problem is you can’t really compare these things,and the reason you can’t compare them is because one exists and the other two are mostly road map or test software at the moment.So, Ethereum exists, and you can like it, you can hate…

Ethereum Q&A: What is Metropolis?

Ethereum Q&A: What is Metropolis?

“What will Metropolis mean for Ethereum?”Great question. Metropolis is the third out of four planned transitions for Ethereum,which was deployed in a manner that expects certain major transitions between stages of development.The first stage of development was called “Frontier.”Frontier involved the pre-sale of ether and the first pre-beta version of [the Ethereum network].The current or stage of Ethereum that we are running today is called “Homestead.”Homestead is planned to end…

Ethereum Q&A: Developer compensation and performance indicators

Ethereum Q&A: Developer compensation and performance indicators

“Have you heard about Vitalik’s new proposal to impose gas fees on wallet transactions to fund developers?”“What is this about?” Strictly speaking, this is a bit off-topic, but I will answer it quickly.There is a proposal in the Ethereum community, started by Vitalik, to [establish] a common practice.Not as a rule of the protocol, imposed by consensus, but simply as a common practice.Every wallet would impose a slight voluntary fee…

Ethereum Q&A: How do smart contracts work?

Ethereum Q&A: How do smart contracts work?

The first question is about smart contracts.“How are [smart contract] operations conducted without having middlemen?”“Who does them? Can you please give us some real- world examples? Which application is best for it?”When a smart contract is executed,it is a software program [validated by] every single participant in the smart contract platform.Let’s take Ethereum as an example, just because I know Ethereum a bit better than some of the other platforms.But…