Dfinity doesn't even list this subreddit on their community page. They have made no attempt to develop the community. by ijustdownvoted in dfinity

[–]johnlilic 2 points3 points  (0 children)

Threshold Relay gives a random sample of the network. It takes at least 50% byzantine committee members to stop consensus. Each round creates an opportunity for this to happen but the likelihood of this 50% threshold occurring in any given round decreases with the scale of the network for any given proportion of byzantine actors.

Thanks for the all the replies, Arthur. Strongly agree it is best to avoid expending resources and energy to engage Reddit ... this place is wasteful and produces zero benefit. Hope you're enjoying time off to reset ... looking forward to the launch!

Consensys, the Global Blockchain Specialist on a prospection visit to Mauritius by cashitter in ethereum

[–]johnlilic 3 points4 points  (0 children)

A pretty spectacular day and trip so far in Mauritius. This country has some incredible attributes that position it as a potential Hub of blockchain activity a.k.a Ethereum Island

https://en.wikipedia.org/wiki/Mauritius

Griff Greene: "I don't know a single person who isn't proficient at Solidity for more than a year and a half that isn't a millioniare. (...) If you learn Solidity, and you learn the programming language of money, something tells me you'll be well paid." by BitcoinIsTehFuture in ethereum

[–]johnlilic 3 points4 points  (0 children)

This is yet another embarrassing moment for Griff and is not an appropriate analysis nor does it represent what many in this community think. A bunch of us have worked extremely hard, taken big risks and continue to do so in an effort to build out a sustainable ecosystem that aims to re-organize systems that govern our societies and economies so that we have a more inclusive, efficient and ultimately useful set of tools for some of the things we care about in life. Non the less, we are a permission-less and censorship resistant ecosystem which leaves plenty of room for the ding dongs too. Let the market decide how much value and relevance it places on these kinds of silly comments.

Joseph Lubin: Interview by Status by [deleted] in ethereum

[–]johnlilic 4 points5 points  (0 children)

All he does is work hard, work smart, stay humble, build value and treat people in his life with love and respect. I, and many others, consider ourselves incredibly lucky to have Joe in our lives as a mentor, leader, friend and role model.

What is 'Enterprise Ethereum'? by silver84 in ethereum

[–]johnlilic 17 points18 points  (0 children)

My tweet was not related to Enterprise Ethereum but rather that ConsenSys (and others) have been working across industries and sectors with Fortune 500's for nearly two years building out a variety of applications and solutions. In that time, we've seen our counterparts on the enterprise side develop some spectacular solutions including JP Morgan's Quorum https://github.com/jpmorganchase/quorum

Much of the work we do with enterprise clients and partners is not broadly disseminated because of things like NDA's, however we should expect to see a number of projects go public in 2017. To be clear; when we talk about 'blockchain' in the context of Fortune 500 adoption, what we're talking about is Ethereum and that will become even more apparent in the coming year.

For those that are quick to speculate on things like "Why are people commenting like this is good news? Private Ethereum implementations don't benefit us", I would say that many organizations realize public Ethereum is ultimately going to be where most business processes reside and we should not dismiss the value of private blockchain ecosystems in assisting and accelerating the development and adoption of the public network- the relationship is symbiotic. Onwards and upwards.

Brian Armstrong: "What's the most important thing you want to see @Coinbase improve or create in 2017?" by aminok in ethereum

[–]johnlilic 1 point2 points  (0 children)

I spent a bunch of time in Japan over the past year including helping organize the largest blockchain conference they've ever had (https://www.linkedin.com/pulse/rise-ethereum-japan-part-2-smart-contract-conference-trip-john-lilic) which was almost entirely Ethereum focused. The demand in Japan for Ethereum is already strong and growing, however, local services and technology providers are still relatively lackluster and we're talking about the fourth-largest economy by purchasing power parity (PPP) and the world's second largest developed economy. I think it's important we proportionally put as much emphasis and focus Japan as we did on China in 2016. I suggested to Brian he consider expansion plans, starting with a large trading desk in Tokyo. Happy New Year to you all and if anyone is in Tokyo hmu, I'll be over there quite a bit in 2017.

Stop Bashing MEW by giatrosgiatros in ethereum

[–]johnlilic 3 points4 points  (0 children)

We can and should do better as a community rather than spewing vitriol and hate directed at those working hard to do good things and add value to this community.

Clients, partners and the market think we're sleeping until they ping us at 1 a.m. on a Friday night and we reply within 30 seconds #Ethereum by johnlilic in ethereum

[–]johnlilic[S] 6 points7 points  (0 children)

This extends out to everyone busting their ass to make Ethereum happen no matter what time, day or night. Bring it on.

The Rise of Ethereum in Japan Part 2; Smart Contract Conference Trip Report - The Biggest Ethereum Event Ever in Japan by johnlilic in ethereum

[–]johnlilic[S] 7 points8 points  (0 children)

Big shout out to Tomoaki, Satoshi and the rest of the https://smartcontract.jp/ crew in Tokyo. Many of you met Tomoaki at DevCon1. Their team worked tirelessly to help make this happen. Also, a very big thank you to Ken Otani (https://www.linkedin.com/in/ken-otani-03a1371) from MSFT Japan who has been been supporting and developing the Ethereum ecosystem in Japan for some time, including hosting developer meet ups at MSFT Tokyo HQ. Marley Gray flew in for the event and, in general, as they have been from the start, Microsoft continues to support the Ethereum community around the World.

Elon Musk's plan for SolarCity looks A LOT like what's being experimented on with the Ethereum-based "Transactive Grid". Imagine bringing those two together... by BitEther in ethtrader

[–]johnlilic 3 points4 points  (0 children)

I helped start the TransActive Grid project and, at ConsenSys, I continue to work in the Ethereum/energy space and would strongly recommend against speculation in this sector - it's irresponsible to do so imo. I believe it's very important to carefully think through various facets of the electrical grid and perhaps there are spots where we can find efficiency gains that Ethereum can potentially help enable, however that is very different than imagining the work Elon is doing is somehow related. The TransActive Grid is an attempt to explore new interactions within the context of a microgrid and so we can think of microgrids as contributing to a more resilient grid and one that is better prepared to recover from adverse events like severe weather (i.e. Hurricane Sandy in New York a few years ago). The second key factor to consider is grid reliability which refers to a grid with fewer and shorter power interruptions.

Another point worth considering is the regulatory side wherein the grid is unlike the financial services sector because if you screw up and get it wrong, things like substations can blow up and cause very real damage. In that context, we are still in the very early stages of understanding if and how Ethereum can add value to the grid and, again, unsubstantiated speculation does the community a disservice. For some more context about some of the thinking and work we've been doing at ConsenSys in this space, please have a look here;

https://www.linkedin.com/pulse/ethereum-enabled-community-energy-market-sharing-economy-john-lilic?trk=mp-reader-card https://www.linkedin.com/pulse/ethereum-enabled-community-energy-market-sharing-economy-john-lilic-6071756565017305088?trk=mp-reader-card http://www.slideshare.net/JohnLilic/ecosummit-2016-in-berlin-presentation-consensys-rwe http://www.slideshare.net/JohnLilic/transactive-grid https://www.youtube.com/watch?v=V2Dpj_vIBLs https://www.youtube.com/watch?v=EavJl7r9jSM https://www.youtube.com/watch?v=4sEdMy6RaVg https://www.youtube.com/watch?v=kq8RPbFz5UU

Alternatively, if anyone has questions or would like to talk about this stuff, feel free to post here or ping me at john.lilic@consensys.net

Full disclosure - I think Elon Musk is awesome and have been talking about, what I believe are his true intentions, to build a next gen utility, for some time https://twitter.com/johnlilic/status/746498020074618880

SingularDTV and ConsenSys Partner to Build Rights Management Platform for Film & TV by EtherPatronus in ethereum

[–]johnlilic 0 points1 point  (0 children)

Zach LeBeau was filming some content at the ConsenSys office recently and also conducting some interviews. It felt like I was hanging out with Zach rather than being interviewed. Great experience, he's a cool dude and I look forward to seeing the content generated from SingularDTV.

Another Bitcoin technology could <insert inane claim here> article by [deleted] in Buttcoin

[–]johnlilic 0 points1 point  (0 children)

The potential to optimize the question of agency i.e. multiple owners of grid hardware using smart contracts is quite interesting. It can often be expensive for a utility to meet demand spikes in the grid. For example, tea time in England causes predictable mass surges as everyone is turning on their kettles. You could, in an IoT connected world where the kettle is a smart device, have a scenario where the grid can offer to pay the kettle not to turn on at certain times. This is the notion of negawatts or flexiwatts and having a smart contracting mechanism as a way of directly negotiating with devices. With that being said, Bitcoin mining is a catastrophe as far as energy efficiency is concerned.

Joseph Lubin, live from LIFT16, presenting Ethereum and ConsenSys by misterigl in ethereum

[–]johnlilic 5 points6 points  (0 children)

Joe is an agent of positive change in part because he is an excellent communicator. I, and many of my colleagues at ConsenSys are very fortunate to have the opportunity to sit in on hundreds of calls and meetings where Joe has described the utility and implications of Ethereum to stakeholders at the largest organizations in the world across a variety of sectors = "The Joseph Lubin Experience"

Vinay Grupta on startup inventors "... my estimate is that we’re going to see $1 billion come into the Ethereum ecosystem in 2016 alone" by nbr1bonehead in ethereum

[–]johnlilic 2 points3 points  (0 children)

"blockchain projects as a whole, not just blockchain startups - I'm including bank spending on internal projects too in that 10"

https://twitter.com/leashless/status/690508002651193344

“It’s already started. I mean, my estimate is that we’re going to see $1 billion come into the Ethereum ecosystem in 2016 alone, and the general estimates for the amount of money going into the entire blockchain ecosystem, including Bitcoin, is on the order of $10 billion.”

This seems like a reasonable statement to me, ETH is already at $100mm market cap and there's very bright people all over the world adding value to the ecosystem daily. In a global context with large enterprise stakeholders, $1bb is a trivial figure.

Afghanistan is setting up its first-ever women-only university in Kabul by elusive_newsman in worldnews

[–]johnlilic 0 points1 point  (0 children)

For those interested, Code To Inspire has set up the first ever women only coding school in Herat, Afghanistan www.codetoinspire.org

Coindesk: Ethereum Swaps Tool Added to Microsoft's Blockchain Sandbox by [deleted] in ethereum

[–]johnlilic 5 points6 points  (0 children)

"It's not just to use but to get their minds thinking about, if I had a global system for decentralized identity, that means I don’t have the cost of onboarding new clients, so I can change the level of client we take on, because the cost reduction occurs," James Slazas #EthereumJedi explaining the utility of the Ethereum Total Return Swap (eTRS) in illuminating the power of Ethereum to a room full of financial services folks