@MeherRoy As @PikettyLeMonde asks us: What are the relative rates of return on capital vs labor? Which ratio between the two creates the most equitable society? What are the roles of regulation in identifying that ratio, and of taxation for maintaining it?
.@novogratz (with @ethereumJoseph) to a room full of bankers in NYC now: “most of you in this room are rent takers and #blockchain is coming right for you.”
@VitalikButerin 3. ...ground of blockchain governance. And as more and more of that governing function is tested and proven in this permissioned environment, vendors will be ready for those functions, one-by-one, to perform “formally in protocal.” #babysteps
@VitalikButerin 2: ...or vendors won’t participate. As an initial step, the ultimate adjudication cannot be “formally in-protocol” — that simply won’t fly with the legal departments of publicly traded companies. In this way, permissioned ethereum will be the testing...
@VitalikButerin 1: For argument’s sake, let’s define “governance” as “actor credentialing, inventory certification, and dispute resolution.” For ethereum adoption, these functions must be performed with a level of confidence sufficient to engender trust among vendors...
@AmberBaldet @ChrisLundkvist @socrates1024 Many ICOs will lead to great things. But we are only focused on optimizing inventory pricing, distribution, savings, & bundling — not coins.