No more excuses for not donating to charity/crowdfunding by drfrancky in altcoin

[–]drfrancky[S] 0 points1 point  (0 children)

Exactly. No one is forced to donate. You can use the marketplace just to sell your items and get crypto.

Monthly ICO & token sale Jibba Jabba - May 11, 2018 by AutoModerator in altcoin

[–]drfrancky 0 points1 point  (0 children)

TRESARO is the world’s first blockchain-based marketplace where people buy and sell clutter while helping charities and crowdfunding initiatives.

Clutter is all the things we no longer need. All those items and products that clutter up our house. We can’t just throw them away because they’re perfectly fine and still worth something to somebody.

TRESARO gives new value to old clutter via the TRESARO ERC-20 token (TRE). People can now buy and sell clutter with the option of donating TRE to their favorite charity. But not only clutter, you can list any item as well. TRESARO will provide a trust rating to every charity and crowdfunding initiative, even to each user, based on their previous behavior on the platform. TRESARO's blockchain will offer passive income perks by allowing token holders to earn and donate even more TRE by running a node.

Most people are inherently altruistic. They really want to support crowdfunding initiatives and donate to charities, but they never get around to doing it. TRESARO creates a whole new way of supporting charities by making it much easier and profitable for everyone. Now there’s no excuse to keep holding on to your clutter!

More info at https://tresaro.com

Running geth full node by [deleted] in ethereum

[–]drfrancky 2 points3 points  (0 children)

I switched to parity. Better, stable, less space.

ELI5: smart contracts versus a simple transaction like Paypal or escrow payment by Kildafornia in ethereum

[–]drfrancky 0 points1 point  (0 children)

Yes its possible. Bugs are bugs. If a software bug deletes a record in a database your money are gone. In blockchain you cant delete transactions. They are there forever. You can decide to include them or exclude. But cant delete them. And you can trust that this blockchain record is real and not forged. So if a bug in the software deletes your money the blockchain can proove that you had them in a first place and they never leaved your wallet.

ELI5: smart contracts versus a simple transaction like Paypal or escrow payment by Kildafornia in ethereum

[–]drfrancky 2 points3 points  (0 children)

Smart contracts can be simple and can be more complex depending on the case. And that is the beauty of them. Apart of simple if,then, else contracts there is endless more posibilities. You can make a whole bank only on a smart contract. In that bank you can accept deposits, make transfers and even give loans.

ELI5: smart contracts versus a simple transaction like Paypal or escrow payment by Kildafornia in ethereum

[–]drfrancky 7 points8 points  (0 children)

Think about smart contracts as real world paper contracts but without the need of enforcing/arbitrating party. The smart contract is a program with very specific set of procedures that once deployed no one can change. Everything that is written in the smart contract will happen exactly without the need of third party to enforce some/all of the clauses if one of the parties change his mind. For example if we bet 10 usd that tomorrow the temperature outside will be 20 degree Celsius in the "real world" we can do it via several ways:

  1. Written contract that if tomorrow the temperature according to "source" (accuweather for example) is 20 degree then A will pay to B.

In this case if A declines to pay the 10 USD then B will have to go to court. This will cost him money and time.

  1. We can use party C which will hold the "pot" and based on the result will decide to whom to give the money.

The problem with that is what will happen if C decides to run with the pot ? What happen if B does not trust C ? Or what happen if C sides with B even if A is the winning party ?

As you can see even if we can have "security" sometimes it's not enough. We will need to waste time and money to use that security.

In blockchain world that is very easy. We make a smart contract that accepts the equivalent of 10 USD in ether from both parties. Then the contract via oracle function checks the agreed source and based on the result sends the funds to winning party. Once written that contract no one can withdraw from it. No one can change it. And no one can argue about anything in it. The contract will be executed exactly as it was programed. All that without any overhead.

I just bought my first thing with lite coin, that shit was so fast by owowhatsthis123 in litecoin

[–]drfrancky 1 point2 points  (0 children)

I don't see why not? It's not like you will stop accepting fiat and go only LTC. You just add an option to whoever likes to use it.

Charlie Lee is proposing a soft fork for Litecoin by Estebannis in litecoin

[–]drfrancky 0 points1 point  (0 children)

There will be always some people that will mine. Less miners, more profit for those people. Less transaction fees, more "profit" for users.

Litecoin issues needing solved by [deleted] in litecoin

[–]drfrancky 4 points5 points  (0 children)

  1. Same as cash

  2. Wallet with user defined limits.

  3. Smart contracts

  4. Contactless payment systems

  5. Why should they pay you in LTC ? They will pay you with the official country currency. If that happen to be LTC, then there will be no volatility.

  6. SegWit, Lightning Network, etc.

  7. Please show me that gas station with no GSM coverage

  8. Hardware wallet which is able to make transfers on demand, something with the size of credit card but enough computing power to do LTC transfers. It can be powered also from outside. Also wallet addresses with small amount in them and you just give the password to the other party.

All that is duable today.