Good Morning EOS Community
Australian EOS Group
https://twitter.com/eosphere_io
Oracle Chain
Michael Mentioned Oracle.chain white paper
James.V shares his understanding of Dan's latest tweets
Michael Yeaste mentioned his great prototype EOSShop
**One thing to notice, the shop.gen.hpp utilize
datastream.hpp and raw_fwd.hpp
one is for datastream reading and writeing, another is for declaration forwarding of EOS
**
https://github.com/michaeljyeates/eosshop/blob/master/shop.gen.hpp
Thomas Shares deterent methods to avoid spamming
a portion of bandwidth
Fuzzy shares EOS Angles's Venture Plan
😇 EOS Angels ~ Decentralized Venture Capital
Fuzzy's Steemit Blog
Dan's Explanation of Mutual Aid Society DAC in 2014
Summary of Dan's Video, Watch the Video First, then more familiar with mnemonic like summary
Traditional Company
- holding your money
- investing your money
- pricing system
- judge system
Problem
company's interests is not align with customers' interests
Solution
- MAS Shares: Mutual Aid Society
buy insurance == buy share in insurance pool
- % of shares -> bitUSD: collateral
- use bitUSD buy shares
- more bitUSD(income) -> pool diluting
- income ≈ outflow -> sustain & Balance
- 100% income -> pay claims
risk ratio = input/potential award
- Insurance Adjuster
get bitUSD proportional to shares
- Bit Award Limit for Adjuster
- prediction markets
of outstanding awards the adjust is trusted with
- Only pay off when
award limit > award outstanding - Adjuster charge customer fee for service.
Self-reinforcing profit driven system, ensure parties honest and system sustainable
Adjusters
- Validate receipts && expenses && reimbursements in neutral and independent way
- Time Delay Prevent fraud with trust granted to adjuster.
- Service Fee and competition bring price down
- Reputations
Individuals
- Individual has to price the actual risk
- Payout Amt / Speed proportion to shares owns.
- Fee to adjusters to avoid fake claims
- Separate buying insurance from hearing the case