61–70 of 112 posts
Awesome job building your idea! Took at a look at the source code an found a few bugs and put them here in a post: https://medium.com/@jesperht/dont-go-freaking-do-it-5da4df4d... Feel free to get in touch with me if you need a hand fixing any of this!
Awesome job building your idea! Took at a look at the source code an found a few bugs and put them here in a post: https://medium.com/@jesperht/dont-go-freaking-do-it-5da4df4d... Feel free to get in touch with me if you need a hand fixing any of this!
Hey, thanks for the thorough inspection. I now realize there are several flaws in the implementation that will need fixing. V2 release of the contract will come soon!
Earlier quoted context omitted.
>Doctors and pharmaceutical companies are supposed to help you be healthy, but make more if you're ill long-term. Which results in unnecessary procedures, and unnecessary prescriptions. >Banks, credit card companies, and brokerages all make more money if you make poor financial decisions Which caused the housing crisis and great recession. >Auto mechanics and car companies make money if your car doesn't work or doesn…
I was able to find a trustworthy mechanic. If they did a poor job or were sabotaging my car when I brought it to them, I would choose another mechanic.
Earlier quoted context omitted.
>Doctors and pharmaceutical companies are supposed to help you be healthy, but make more if you're ill long-term. Which results in unnecessary procedures, and unnecessary prescriptions. >Banks, credit card companies, and brokerages all make more money if you make poor financial decisions Which caused the housing crisis and great recession. >Auto mechanics and car companies make money if your car doesn't work or doesn…
I was able to find a trustworthy mechanic. If they did a poor job or were sabotaging my car when I brought it to them, I would choose another mechanic.
Hackernews is supposed to have smart people, but the pithy nonsense like the parent I’m responding to makes it abundantly clear that that’s not the case.
Awesome job building your idea! Took at a look at the source code an found a few bugs and put them here in a post: https://medium.com/@jesperht/dont-go-freaking-do-it-5da4df4d... Feel free to get in touch with me if you need a hand fixing any of this!
Earlier quoted context omitted.
It's easier to slack off on your goals if it feels like a noble thing to do.
Couldn't the smart contract literally "burn" the funds in case of failure? Like transfer a small percentage to the owner as a fee for the service, then send the rest to a faulty address or contract setup to never be retrievable?
Probably not yet, but maybe eventually. It's essentially the same as burning it.
Earlier quoted context omitted.
Doctors and pharmaceutical companies are supposed to help you be healthy, but make more if you're ill long-term. Banks, credit card companies, and brokerages all make more money if you make poor financial decisions (fees, interest, and active trading, respectively). Auto mechanics and car companies make money if your car doesn't work or doesn't last past the warranty period. Even piano teachers only make money if you…
The incentive structure you are describing is a huge part of the problem in the statist/industrial paradigm of human existence. Blockchains and smart contracts purport to lift of out of these conditions, but, as you point out, this one seems to suffer from the same flaws.
You misspelled "capitalist".
Awesome job building your idea! Took at a look at the source code an found a few bugs and put them here in a post: https://medium.com/@jesperht/dont-go-freaking-do-it-5da4df4d... Feel free to get in touch with me if you need a hand fixing any of this!
You could have written that here rather than push more self-promotional blog content...
I don't really understand the trend of solving all problems with "smart contracts". This just seems to limit the potential market to people who care about smart contracts, and complicate an otherwise simple arrangement, without providing any benefits. You still have to find a supervisor your trust, why not just give money to a friend instead?
Earlier quoted context omitted.
Couldn't the smart contract literally "burn" the funds in case of failure? Like transfer a small percentage to the owner as a fee for the service, then send the rest to a faulty address or contract setup to never be retrievable?
I wonder if deliberately sending money to a blockchain address that no one has the keys to could be legally considered destruction of money? Probably not yet, but maybe eventually. It's essentially the same as burning it.
While BTC, ETH, XMR function like currencies and can be traded - they are not recognized as a currency in most places