Yes. Financial incentives are the lowest common denominator that we have as people. Cryptocurrencies align people with this lowest common denominator.

There is not a trusted oracle

"Oracles are trusted external actors tasked with providing continuous price data" https://github.com/makerdao/docs/blob/master/Dai.md

How can this work if there is no Oracle? Think about it, the price of USD/ETH has to be retrieved from somewhere. It's not in the blockchain, so it must provided in an Oracle.

There is not one trusted oracle. The oracles are determined by the MKR holders, and MKR holders can easily replace oracles if they act badly. MKR ownership is decentralized, hence I don't think it's accurate to say there's one trusted oracle.

Prediction networks. But I don't think TFA is actually doing what is claimed, by the looks of it.

I agree with you on volatility playing an important role in bootstrapping the network in the early days of digital currencies like Bitcoin and Ethereum.

I think stablecoins will play out differently though and are an important component of attracting new users. I believe decentralized applications will be built that bring mainstream users in, and these users will want a stable store of value to use these applications.

Every successful open-source project needs a company committed to fostering the open-source community and helping it grow.

Blockstream is that company in Bitcoin.

We were aware. We actually didn't build the app though, this app was built by a third-party using our API :)

Bitcoin couldn't have prevented the OPM attack, but these types of attacks will continue to highlight the flawed way that institutions store data online.

I suggest reading this post: http://blog.onename.com/americans-hacked-opm/

TLDR; The blockchain offers a more secure database that allows institutions to stop storing massive amounts of user data on centralized servers.

The NYDFS could be pretty stifling to financial services innovation in the state of New York.

To each his own. In my mind, spending another 60K to "figure out what I want to do" was the riskier decision than joining a company I believe in. IMO "forging strong personal relationships that could last for decades" does not require you to go to an Ivy League school. Really just requires an internet conection these days.

nice!

good stuff joe! looking forward to seeing the tip button on your site :)

It's up! https://www.gitignore.io/docs