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My real bank won't send a wire transfer on a weekend with settlement time measured in seconds, so no, it's not like a bank.
I’m talking about withdrawal only. But it's not like a bank, I agree - a bank gives some protection to your money, because they have responsibilities.
People on Hackernews tend to be very intelligent and can see crypto for what it really is, so there’s not really much left to discuss.
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Did they ask you to explain it? Did you talk about shortcomings of it? Most of the crypto related posts feels like advertising/preaching. Issues with their proposed solutions are rarely focused on and when they're brought up, hand waving begins. I think this is a consequence of crypto proponents using mostly same talking points, usually decentralization/some libertarian dream. Technical discussions are rarely initiat…
No, they didn't. Most people just make inflammatory comments or make extremely complex "gotcha" claims that aren't true, which need both parties to be cooperative to resolve. I was busy trying to make arguments against wild claims, and ended up saying dumb things like "Amazon Alexas burn more energy in a year by sitting idle in people's homes than the entire Bitcoin network does"; things that are technically true but…
> Amazon Alexas burn more energy in a year by sitting idle in people's homes than the entire Bitcoin network does
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I’m talking about withdrawal only. But it's not like a bank, I agree - a bank gives some protection to your money, because they have responsibilities.
Withdrawal as in obtaining cash? Most payments don't use cash so it seems like a bit of a red herring.
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Actually no it is not useless in the real world! Using crypto makes it very easy to send and receive money very quickly, without the need to rely to the "system" of banks, governments etc. I can't think of a more useful application, for me it's more of a revolution!
We can say that when it will be easy to withdraw the transferred coins (convert them into real, offline currencies such as dollars, euros, and so on). Right now you need to confirm your identity, pass the KYC procedure - no difference in comparison to real banks.
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Withdrawal as in obtaining cash? Most payments don't use cash so it seems like a bit of a red herring.
No, just converting crypto coins into real currencies. I wrote it in the first comment.
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No, that’s like arguing that it’s bullshit to expect people to keep fighting whether SCRUM is bullshit or not. When I go work for a company that does SCRUM, they inform me and I accept or not. I don’t expect to battle on ideas and wits regarding the subject and then one of us to declare defeated that there’s no longer curiosity regarding scrum mastering.
In these threads we usually only hear about Bitcoin and Ethereum, which is sort of like posting exclusively about scrum when the topic is "why are we as a community not having curious conversations about project management?"
It’s called N.I.M-ble and it has some sort or people making sure the project moves along, managing expectations of both stakeholder and employees in the process.
The employees themselves do the work and also document it, maybe using some sort of cards, and push it forward in a shared view where everyone can get a good idea of there the project is.
It’s similar to traditional approaches, but we haven’t really had the technology to implement it yet as all tasks are encrypted as JSON files on the IPFS and have pointers to it on a custom made blockchain, which we call N.I.M.-chain.
Whenever a task gets pushed, a random person in India or Africa needs to shake their phone to acknowledge work has been done and the managers have to write slam-poetry on a public blockchain that is used as a decryption key for the task details as required by key shareholders. It doesn’t work on traditional companies, you need a DAO for it.
We also minted a NFT with the guidelines, it helped us secure about 20 mil in financing to further develop the tech but now we’re looking to launch an ICO to reach 100 mil because really, we are getting slower down by the slow progress in the management-tech space.
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Actually I agree with you that a "blockchain of law" would be great.. But that could also be done just by putting all law on somewhere public like github... Or by having a block chain with a hard limit of 10 khashes/second per country (detecting cheaters is easy as far as I understand) and you can have a network of 200 raspberrypi zeros running it for around a single kilowatt..
It seems many of these ideas stem from failures of USA's political system. That is entrenched players fighting against government breaking their hold on their profit models even if that would be net benefit for general population. See taxation and even access to law, which I heard cost something 650$ a month from private provider. For example Finland already have laws online accessible for free: https://finlex.fi/en/…
Well, it is the same in my country (Denmark), we have retsinformation.dk (litterally "information of the law"), but that does not hinder a corrupt state from altering "history" as they see fit.
Also, my mother was a german teacher and her ex-DDR speakers (many who were quite some time in prison) told us that, that basically all of them where enprisoned with due process. Their problems were, that the laws where constructed so you were a criminal if you did X, but also (due to a different law) if you did not do X.
It is the basic catch-22, that you cannot escape.
You are intimately dependent on the benevolence of your state/society, and if your state/society is not benevolent you can only throw your life at trying to change it (for everybody else)... You will the most likely fail (and be dead) unless a lot of (by definition) uncoordinated action happens at once.
Even in my country that boast of being a free and civil society we have problems once in a while.
In the 1990 we had a police chief should (sadly for him on camera), "shoot at their legs" (police shooting at citizens is very uncommon in Denmark) at a somewhat violent demonstration.
And we have what is called the Tibetian case where our police mislead protesters so that the visiting Chinese gov people did not have to look at the (otherwise legal) demonstration...
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> You're wrong about "lacking initiative and the detailed procedures" - that's exactly what blockchains were created for: A response to opaque and unreliable systems. This is the solution to a systematic problem in governance. You can't solve non-tech problems with technical solutions. If the government doesn't bother to have accessible documentation about how to do X thing, why would they bother to make a blockchain…
I don't think you quite grasp that people are already building blockchains for government use. You keep saying "why haven't they done it yet then?" while they are actively working on it. I don't know why it took so long, but it's happening now. Once you have verifiable "truth" in a system, it becomes a lot harder for it to become corrupt. "The emperor has no clothes" modality stops being profitable because there's a…
Yep, and we have seen some government bodies using Github or other platforms to publish open data, or to be more transparent on procedures, and yet most of them still don't do it. Which is my point: the problem is not lack of technology, but lack of motivation/human capability/initiative to do it.
> Once you have verifiable "truth" in a system, it becomes a lot harder for it to become corrupt. "The emperor has no clothes" modality stops being profitable. If a central authority clearly goes against the protocols of the system, for example: the police decide not to arrest someone who is proven to have stolen $10 million from someone, the system disintegrates.
I'm sorry but this looks incredibly naive. I can tell you a very real example: in my country, Spain, we have papers proving that, among others, a certain M. Rajoy, of the PP party, received money that came from illegal donations. The prime minister at the time, Mariano Rajoy from the PP party, denied that it was him on the papers. He didn't face any legal consequence.
There have been so many times that a central authority has clearly gone against the protocols of the system without it disintegrating... You can't apply tech solutions to a problem that's not at all about tech.
My main criticism comes from the fact that Bitcoin (and other crypto-coins) had a good several years to find a purpose, to this day, I am not aware of a single use-case where they are used to solve a real world problem. If I had to sum up how I feel about Bitcoin (/ crypto / block chain..) - magic buzz word for the non-tech-savvy ,draw for gamblers & ego driven individuals, theme of quasi-fake money-grab startups.. I…
The notion of it being in any way an investment vehicle is a whole separate thing, an arguably non-proven use-case.
Being able to use bitcoin to conduct actions outside the control of any government or law is absolutely, demonstrably proven. That part delivers on all its promises.
Nobody ever said that the things you want to DO when you want to do them outside any legal or governmental control, are nice things. On the whole there are fewer impediments to doing nice things within the confines of laws and governments.
The more reasonable governments are, the more Bitcoin becomes only a method for facilitating straight-up crime. If you're fixing to be paid for being an absolute monster you've got to have an infrastructure that works even when the government wants to lock you up. You'll be doing things where you must not be identified or traced: where there are real specific reasons for law enforcement to be gunning for you, bigtime. Ransom, extortion, kidnapping: there are whole classes of behavior generally considered undesirable where you'd require a completely liquid and untraceable way to get paid off in order to get you to stop doing the thing.
Bitcoin is that tool, today and as long as it lasts. It's no investment vehicle but it is a very effective mechanism for ransom payments and enabling the avoidance of consequences no matter how monstrous you are. That's a practical and very active use case right now.