Christoph Jentzsch
๐ค SpeakerAppearances Over Time
Podcast Appearances
called the decentralized autonomous organization so this was a project basically a smart contract on the ethereum blockchain which aimed for connecting people to pull their funds together into one small contract and they could then decide what they want what they would spend it on so whatever they want and they could do a charity they could fund startups they could fund other projects whatever they want
But long story short, it failed.
And we basically worked for giving everybody their money back, which we didn't succeed at.
And yeah, that's a very short story.
But there's, of course, a lot of things behind it.
Yeah, he was one of the early developed members of the Ethereum Foundation.
So I joined summer 2014 as a lead tester.
So I was responsible for writing tests and all the clients would run those to see if they are true to the protocol.
Because if you think about what Ethereum actually is, it's just a protocol.
You define how people interact with each other.
And I would write those tests and see, we call them consensus tests.
So to see that all the client implementations, like the C++ client, Python client, Go client, Rust, JavaScript, and so on, that they all would follow the same rules.
So that's what I did.
I did work very closely together with Vitalik Buterin, Gavin Wood, and Shefi Wilke to ensure that all their clients were in sync.
Yeah, kind of.
So in general sense, yes.
But if they, like Augur, they launched their own token on top of Ethereum.
So they basically... So it wasn't Ether.
Yeah, so people sent them Ether and got back Augur token.
So they created basically their own token some compared to shares some say it's more like an app coin so like a token you use to in order to use the app like an amazon gift card or something like this but basically they created their own token of value in exchange for the virtual currency ether.