Quote from: HONCHO on May 18, 2016, 02:01:51 AM

Quote from: Sark on May 17, 2016, 03:44:06 PM

The DAO is (ikely) going to contract Slock.it to build what it is calling the Universal Sharing Network. This is basically a set of APIs that will allow any devices to interact with contracts on the blockchain to make transactions. This has the potential to be the backbone infrastructure of the IoT. The DAO will get a small percentage of every transaction that takes place on the USN.

Sock.it will then go on to build smart locks completely separately and profit off the sale of those. Transactions that those smart locks are involved in will use the USN and therefore generate small amounts of recurring revenue.

Anyone and everyone will then pile on creating devices and apps that interact with the USN, generating more revenue for the DAO.

At the heart of all this is the Ethereum Computer device that will also be designed by Slock.it and made open source so anyone can manufacture. This is a device that is similar in nature to the Bitcoin Computer that 21 Inc makes.

Actually, most of 21 Inc's use cases are similar to what the DAO + Slock is trying to do here. The main difference is that Ethereum can do these largely with on-chain contracts while 21 Inc is writing apps sitting beside the blockchain and interacting with it.

User: Stark
Date Registered: May 24, 2013
First Post: February 2016

Would you agree to a debate with AnonyMint on live chat video so he can demonstrate that you use words you don't understand?

Quote from: AnonyMint

Please tell us what they need to actually maintain a concensus Nash equilibrium?

How can a consensus algorithm validate any datum which is formed external to the relativity of the block chain? It can't.

Wouldnt that be a waste of everybodies time?