[ANN] [ICO CLOSED] Inchain - insurance for the crypto economy - page 76.

Sergey_Inchain

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Quote from: someone111 on October 10, 2016, 05:51:18 PM

Quote from: Sergey_Inchain on October 10, 2016, 04:52:16 AM

Quote from: someone111 on October 10, 2016, 04:51:18 AM

How big is the signature bounty pool?

https://medium.com/@inchain/signature-campaign-details-3a24aec31c86

or I don't understand your question

Quote

4) The whole bounty pool will be divided among the participants proportionally to the amount of their stakes.

How big is the whole bounty pool?

1M Inchain tokens for all bounty campaigns. More details here: https://medium.com/@inchain/inchain-ico-structure-and-timeline-a7043d90daef

Kazadar

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Will there be any incentive to be on one of the committees?

Having people work for free rarely works well in the long run.
I am only thinking small rewards. Just enough to make sure they keep caring about the role they chose.

Perhaps small rewards for people suggesting upgrades and gets them approved by the DAO.

It would keep the Inchain DAO active and committed to improving Inchain.

It would also reward the people activly taking part in the governance while passive token holders would still gain the benefit of a better run Inchain.

Jcga

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Quote from: someone111 on October 10, 2016, 05:51:18 PM

Quote from: Sergey_Inchain on October 10, 2016, 04:52:16 AM

Quote from: someone111 on October 10, 2016, 04:51:18 AM

How big is the signature bounty pool?

https://medium.com/@inchain/signature-campaign-details-3a24aec31c86

or I don't understand your question

Quote

4) The whole bounty pool will be divided among the participants proportionally to the amount of their stakes.

How big is the whole bounty pool?

1.000.000 Inc

someone111

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Quote from: Sergey_Inchain on October 10, 2016, 04:52:16 AM

Quote from: someone111 on October 10, 2016, 04:51:18 AM

How big is the signature bounty pool?

https://medium.com/@inchain/signature-campaign-details-3a24aec31c86

or I don't understand your question

Quote

4) The whole bounty pool will be divided among the participants proportionally to the amount of their stakes.

How big is the whole bounty pool?

JUSTDLISK

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Bancor

ttg43

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Quote from: Sergey_Inchain on October 10, 2016, 04:33:17 PM

Quote from: ttg43 on October 10, 2016, 04:25:18 PM

Quote from: JUSTDLISK on October 10, 2016, 04:20:01 PM

I am not sure about the situation at the moment but i find it hard to believe that using an Ethereum DAO will be 100% exploit proof considering its only been a few months since the last exploit in the contract was found in a 150million dollar project.

Consult an Ethereum security expert i guess.

Is there any software solution in the universe with 100% guarantee it not will be hacked? A rhetorical question.

I think so. The main Inchain task for preventing a possible hack is not only development very safe smart-contract, but also know what to do if it will be hacked.

Right, something like 2fa for smart contracts.

Sergey_Inchain

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Quote from: ttg43 on October 10, 2016, 04:25:18 PM

Quote from: JUSTDLISK on October 10, 2016, 04:20:01 PM

I am not sure about the situation at the moment but i find it hard to believe that using an Ethereum DAO will be 100% exploit proof considering its only been a few months since the last exploit in the contract was found in a 150million dollar project.

Consult an Ethereum security expert i guess.

Is there any software solution in the universe with 100% guarantee it not will be hacked? A rhetorical question.

I think so. The main Inchain task for preventing a possible hack is not only development very safe smart-contract, but also know what to do if it will be hacked.

JUSTDLISK

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Quote from: ttg43 on October 10, 2016, 04:25:18 PM

Quote from: JUSTDLISK on October 10, 2016, 04:20:01 PM

I am not sure about the situation at the moment but i find it hard to believe that using an Ethereum DAO will be 100% exploit proof considering its only been a few months since the last exploit in the contract was found in a 150million dollar project.

Consult an Ethereum security expert i guess.

Is there any software solution in the universe with 100% guarantee it not will be hacked? A rhetorical question.

One of the reasons synereo is getting so much hype is becouse they will be creating alot safer smart contracts. The team describes Synereo's native smart contract language, Rholang (Reflective, Higher-Order process Language), as safer than similar languages like Ethereum's Solidity and more similar to established reflective programming languages like Java and C#.

You will have to wait a while to use Synereo so at the moment thats not on the cards.

Sergey_Inchain

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Quote from: JUSTDLISK on October 10, 2016, 04:20:01 PM

Quote from: Sergey_Inchain on October 10, 2016, 03:32:37 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Why?

Becouse it proves that creating DAO on ethereum has vulnerabilities,
Unless inchain is investing heavily in security auditing of its DAO smart contract (which i doubt will be greater than slock.it), there is a chance that someone can find exploits/hacks in the code & steal all the funds. No, Ethereum would not do another rollback if this happened to Inchain.
I am not sure about the situation at the moment but i find it hard to believe that using an Ethereum DAO will be 100% exploit proof considering its only been a few months since the last exploit in the contract was found in a 150million dollar project.

Consult an Ethereum security expert i guess.

Of course we will audit all Inchain smart contracts using independent auditors and community. You can see it in Inchain roadmap in OP.

ttg43

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Quote from: JUSTDLISK on October 10, 2016, 04:20:01 PM

I am not sure about the situation at the moment but i find it hard to believe that using an Ethereum DAO will be 100% exploit proof considering its only been a few months since the last exploit in the contract was found in a 150million dollar project.

Consult an Ethereum security expert i guess.

Is there any software solution in the universe with 100% guarantee it not will be hacked? A rhetorical question.

thepo1m

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My network connect is poor, I will need to wait and watch the hangout replay on youtube later.

Sergey_Inchain

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Quote from: Kazadar on October 10, 2016, 04:15:23 PM

Quote from: Johnny00 on October 10, 2016, 04:03:54 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Is using ethereum safe after the hack?

Ethereum was never hacked. The DAO was. The Inchain DAO will require payouts to be approved by the insurance committee as I remember it.

Yes, we will use special consensus when smart contract only can initiate payout but it requires an approvement from insurance committee to be executed. Insurance committee includes Inchain DAO delegates designated by DAO voting.

JUSTDLISK

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Quote from: Sergey_Inchain on October 10, 2016, 03:32:37 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Why?

Becouse it proves that creating DAO on ethereum has vulnerabilities,
Unless inchain is investing heavily in security auditing of its DAO smart contract (which i doubt will be greater than slock.it), there is a chance that someone can find exploits/hacks in the code & steal all the funds. No, Ethereum would not do another rollback if this happened to Inchain.
I am not sure about the situation at the moment but i find it hard to believe that using an Ethereum DAO will be 100% exploit proof considering its only been a few months since an exploit was found in the DAO contract for a 150million dollar project.

Consult an Ethereum security expert i guess.

Sergey_Inchain

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Quote from: ttg43 on October 10, 2016, 04:13:57 PM

Quote from: Johnny00 on October 10, 2016, 04:03:54 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Is using ethereum safe after the hack?

Some people think there was no hack, just bad smart contract.

Right, just read: http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/

Kazadar

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Activity: 658

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Quote from: Johnny00 on October 10, 2016, 04:03:54 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Is using ethereum safe after the hack?

Ethereum was never hacked. The DAO was. The Inchain DAO will require payouts to be approved by the insurance committee as I remember it.

ttg43

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Quote from: Sergey_Inchain on October 10, 2016, 04:13:07 PM

I think yes, because there was a bug in the smart contract, not in the Ethereum: http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/

No bugs, couse CODE IS THE LAW Roll Eyes

ttg43

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Quote from: Johnny00 on October 10, 2016, 04:03:54 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Is using ethereum safe after the hack?

Some people think there was no hack, just bad smart contract.

Sergey_Inchain

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Activity: 140

Merit: 100

Full stack ICO tools & services

Quote from: Johnny00 on October 10, 2016, 04:03:54 PM

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Is using ethereum safe after the hack?

I think yes, because there was a bug in the smart contract, not in the Ethereum: http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/

Johnny00

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Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Is using ethereum safe after the hack?

Sergey_Inchain

full member

Activity: 140

Merit: 100

Full stack ICO tools & services

Quote from: JUSTDLISK on October 10, 2016, 03:19:05 PM

Quote from: Kazadar on October 10, 2016, 12:11:54 PM

Quote from: JUSTDLISK on October 10, 2016, 11:35:34 AM

Why is the legal structure of this ICO being compared to the DAO?

And what gives Inchain tokens value?

Because Inchain will be run by a DAO, so having the legal framework in place will be important for investors.

I didn;t realise that creating an Ethereum DAO was still possible after the DAO hack.

Why?

Topic: [ANN] [ICO CLOSED] Inchain - insurance for the crypto economy - page 76. (Read 109157 times)