121–130 of 310 posts
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Sure... and 3 guys in China control 50%+ of the Bitcoin network, and ETH mining will eventually centralize as well. What's your point? I'd rather have Janet Yellen controlling my currency than Jihan Wu/Barry Silbert/Brian Armstrong.
Could you elaborate on why you'd prefer Yellen?
Can someone in the know shed some light on why does every project need its own currency?! Why isn't a standard coin like BTC or eth good enough?
It's a token representing ownership.
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> In early 2017, the Harvard Business Review suggested that blockchain is a foundational technology and thus "has the potential to create new foundations for our economic and social systems." It further observed that while foundational innovations can have enormous impact, "It will take decades for blockchain to seep into our economic and social infrastructure." https://en.wikipedia.org/wiki/Blockchain
Let me see if I can explain this better. 500 years ago was 1517. This is just a bit into the Age of Discovery. We hadn't even managed to sail all the way around the world yet (that wouldn't come until 1522). The Enlightenment was still a couple centuries away. Feudalism was still a thing, plagues still routinely struck. Absolute monarchs reigned over lands. Most people still lived on subsistence agriculture and would…
I said 'economically important'. The couple years they add to our life expectancy is great, but vaccines weren't really associated with an enormous transfer of wealth on the same level as, say, the railroads or the age of sail. (And wouldn't have even if Salk had patented the polio vaccine.)
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Let me see if I can explain this better. 500 years ago was 1517. This is just a bit into the Age of Discovery. We hadn't even managed to sail all the way around the world yet (that wouldn't come until 1522). The Enlightenment was still a couple centuries away. Feudalism was still a thing, plagues still routinely struck. Absolute monarchs reigned over lands. Most people still lived on subsistence agriculture and would…
> it is the height of tech arrogance, not to mention a gross lack of awareness of history, to put a yet largely unproven technology that most of the human population has not even heard of on the same level as vaccinations I said 'economically important'. The couple years they add to our life expectancy is great, but vaccines weren't really associated with an enormous transfer of wealth on the same level as, say, the…
I have a fetish for watching complicated court cases play through. What you realize is a judge in a courtroom has a lot of power. They can take your money, freedom or even kids. However, if I had few hundred thousand in Ethereum encrypted placed into a few random anonymous git hub repros, well, the government can't take it. It is truly yours. No one can take it. That must be horrifying proposition for (some) governme…
I would advise not storing anything having to do with your Ethereum private keys in a Github repo.
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> it is the height of tech arrogance, not to mention a gross lack of awareness of history, to put a yet largely unproven technology that most of the human population has not even heard of on the same level as vaccinations I said 'economically important'. The couple years they add to our life expectancy is great, but vaccines weren't really associated with an enormous transfer of wealth on the same level as, say, the…
Vaccines are one of the major reasons we have so many people now (along with germ theory, hand washing, modern medication, etc). The billions of people who lived through childhood, who otherwise might have died, to buy our hardware and use our apps would probably beg to differ. :)
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If you go to https://coinmarketcap.com/ you will see they have info on over 600 individual crypto currencies. 99% of them are going to be worthless long term. Best case scenario a handful of them survive. I'd be extremely skeptical of any coin that distributes coins via an ICO or "pre-sale" instead of via competitive mining like Bitcoin.
Mining is a waste of energy. An ICO makes sense if they 1) have a product that benefits from a blockchain, 2) have a great team and a demo of their product.
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I agree with this sentiment. The sentiment on HN is that ICO promoters/startups are all scammer. My company, Pipeline Network is going to launch our ICO soon. We would be more than happy to get some guide/mentorship from the YC community.
I hope that instead of slinging mud at ICOs, the YC community reaches out to firms like yours. Calling them all scams will not stop the next ICO from getting bigger. Note to blockchain-denialists: there are 10s of billions of capital, a deep enough pool for thousands of ICOs. Slinging mud will also not help make ICOs any safer, nor protect financial systems outside of blockchains from collateral damage should firms f…