Blockchain Firm Planning To Build 'Smart City' Buys Slock.it

chiefcrash writes from a report via Bloomberg: Blockchains LLC, a Nevada-based startup that plans to build an Ethereum city, has acquired Slock.it, the German-based startup known for their attempt in 2016 to build an Ethereum computer as well as the DAO. President David Berns declined to say how much the firm paid for Slock.it, but said a major incentive for the purchase was the target company's Incubed product, which connects devices like appliances and vehicles to the Ethereum blockchain using minimal bandwidth and power. "For our vision of what we want to do for smart cities, that software is key," Berns said.

Re:

[nonBORG]

There is still enough hype left in the blockchain buzz word to extract a few $$$ from cash rich investors.

An Amazing City To Live In I'm Sure!

[dryriver]

I have ALWAYS, ALWAYS wanted to live in a city that leverages the amazing power of BLOCKCHAIN. Imagine a city where people can FLY TO WORK because the city is BLOCKCHAIN POWERED. Imagine a city where you are NO LONGER AN INCEL, because the BLOCKCHAIN makes hot women want to FUCK YOU! Imagine a city where kids can play out on the street at night because the BLOCKCHAIN ensures that sexual predators can't get at them. Imagine a city where street thugs can't shoot you BECAUSE THE BLOCKCHAIN WON'T LET THEM AND W

Re:

[Hognoxious]

Replace the blockchain references with leaving the EU and it sounds like Nigel Farage.

About what I expected

[sheramil]

A company that deals in an application in search of an application is thinking about - that is to say, they haven't done it but they've said they want to - purchase another company that wanted to build a pretend currency computer, but didn't, and who tried to build a decentralized something-or-other, which failed. And they want to build a city.

This is one of the down sides to decriminalizing marijuana.

Re:

[gweihir]

This is one of the down sides to decriminalizing marijuana.

Not hallucinogenic enough. And pot does not make you aggressive. They are smoking or taking something else.

"pretend currency" is the dumbest conception of it

[Anonymous Coward]

Sure, you can trade anything for anything else, and sufficient liquidity can make a commodity into a currency.

However, what makes this kind of commodity interesting is that it provides the access to a giant, global, decentralized computing machine that is specialized in executing contract agreements. That's interesting.

Seems the primary scam is slowing down

[gweihir]

Need to do derived scams now to keep the money flowing from the clueless.

So I read the DAO link...

[turp182]

It comes off as bad science fiction.

And they offer lessons, my favorite was:

Lesson 2: Stay aware of âunknown unknownsâ(TM)

I'm not sure if these people exist in our reality. They need their own city. Please give it to them, something a wall like Escape from New York.