Here at SoftSpoon, we believe that the Ethereum Blockchain is the most advanced public Blockchain available. We have been working on finding the most promising projects and doing due diligence on them so we can understand their leadership, vision, and goals. Currently, we are tracking 5 Tokens that we believe show the most promise over the coming months. As time goes on, we may change our strategy to include different tokens. Over the coming days, we are going to be adding the SoftSpoon index to our site as well as research detailing our thoughts and strategy.
In addition to the “Daily Reads” and hot takes on projects, you’ll see a few more specific postings about our index.
Here’s what we’re tracking:
- ETH (Ethereum Whitepaper)
- REP (Augur Whitepaper)
- ICN (ICONOMI Whitepaper)
- ZEC (Zerocash Whitepaper)
- STEEM (Steem Whitepaper)
This list is not exhaustive and will likely change in the coming months.
Also, keep track of updates on our Twitter.
The short answer: Game Theory.
Consensus networks like the Ethereum blockchain that record data and transactions as a single source of truth seems like it would be a great fit for multiplayer games. A natural suggestion would be putting games involving chance, such as poker, backed by the block chain and guaranteed to be fair by the blockchain network and cryptographic hashes. Why hasn’t the blockchain disrupted online poker and similar games?
The reason is not a technical problem, but more of a game theory problem. Due to the pseudo-anonymous nature of the blockchain, it is impossible to perfectly know the identity of each user and prevent collusion among participants. To put it another way, if you were to join an online poker table, it would be impossible to know whether the other players were other individuals, or if it was one guy with a dozen accounts. The fact that someone could create multiple identities and use that to his or her advantage is a difficult problem to solve.
People are working on solutions to this. Anyone dealing with any kind of financial regulation typically must comply with Know Your Customer (KYC) laws. While KYC compliance is not new, the tradeoff is that these processes are expensive and time consuming to implement. There are blockchain systems being developed that will rely on KYC to operate fairly, such as with FirstBlood, and it will be interesting to see what solutions they come up with.
Why Ethereum will take Blockchain beyond Bitcoin (ITProPortal)
Against Economic Abstraction — Round 2 (Medium)
Your phone could finally help you pay a fair price for taking the train (TechRadar)
How blockchain can create the world’s biggest supercomputer (TechCrunch)
2017’s Big Question: Who Pays for the Blockchain? (CoinDesk)
Here’s a Sneak Peak Inside IBM’s Blockchain System (CryptoCoinsNews)
2016 in Headlines: The Year’s 13 Biggest Blockchain Stories (CoinDesk)
The Truth About Blockchain (Harvard Business Review)
When Is a Private Blockchain a Good Idea, and When Is It Not? (Altoros)
4 Reasons 2017 Will Be Blockchain’s Banner Year (CoinDesk)
This Blockchain Thing Is Really Happening, Time To Learn What It Is: 2016 In Review (Fastcoexist)
ICONOMI optimising its Digital Assets Management Platform before the public launch in early 2017 (Medium)
Andrew Keys’ 2017 Blockchain Predictions (Consensys)
Against Economic Abstraction (Medium)
2016 ICO Recap (ETHNews)
AI could boost productivity but increase wealth inequality, the White House says (CNBC)
As India Changes Cash War Goal Posts, Bitcoin Gets Blamed for Capital Flight (CoinTelegraph)
Report: Hackers Steal Millions in Bitcoin by Merely Using Phone Numbers (CryptoCoinsNews)
Ethereum Vs Bitcoin: What’s The Main Difference? (Huffington Post)
Towards a Clearer Understanding of Blockchain’s True Value (CoinDesk)
OpenBazaar is a decentralized marketplace for goods and services with no fees and no censorship. Anyone can host their own store and sell products to anyone in the world. You can optionally elect to have a third party to mediate in the event of a dispute (e.g. my package never arrived in the mail) to protect yourself. Beyond the dispute resolution, all transactions are handled directly between buyer and seller.
OpenBazaar received some buzz last year when they received a $1 million dollar investment from Andreessen Horowitz. The first iteration of the platform only supported Bitcoin, however you can now transact in a number of other currencies, including Ether.
Check out the full post on the OpenBazaar blog: