I just posted a 7 page article to the bitcoin developers forum but it is more properly placed here. A link to that thread is below. Please comment if you have had similar thoughts. Regrettably, I've only seen one other person here who has been thinking along these lines, and none of the speakers in the bitcoin conferences seem to be aware of this bigger picture of where this technology is going. Butrik's "distributed consensus platform" is true but so overly general that it turns out inadequate if not dangerously socio-pathetic in enabling destructive anarchy to its own detriment. The main video on the Ethereum web site has several errors. Not knowing the bigger picture also prevents an understanding of how initial coins should be distributed. The 3rd post in the link below should be read before the first 2.
https://bitcointalksearch.org/topic/thoughts-on-m-of-n-systems-competing-and-heirarchically-nested-659131
Topic: Ethereum, M-of-N contracts, and the economic evolution of social A.I. (Read 824 times)
Jump to: