A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers.
William Hinman, Director of the Division of Corporation Finance, argues that #ethereum is no longer a security: "putting aside the fundraising that accompanied the creation of Ether... current offers and sales of Ether are not securities transactions."
putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.
The EOS mainnet launched on !date:6/10/18. Immediately EOS' off-chain government felt compelled to freeze allegedly thieving accounts in violation of the EOS constitution. CTO Dan Larimer called for a new one. The episode highlights the advantages of protocol-level governance.
In Texas, for instance, 116 people are currently serving life sentences on charges of simple drug possession. Seven of those people earned their sentences for possessing quantities of drugs weighing between 1 gram and 4 grams, or less than a typical sugar packet.