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Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

mercuryprotocol.com

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Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#12

Post by computerphage »

davidgerard wrote: post #7
cwkoss wrote: post #5

This seems like it will do a mediocre job trying to solve many problems rather than solving one problem well. Don't understand why I need it. Lots of complexity to replicate features in centralized services that I don't have a strong need to be decentralized. Am I missing something?

... but with Blockchain!! 'cos everyone wants a gameable social network where someone could earn pennies from making your experience worse.

I still don't understand. Everyone already has a social network where someone earns pennies by making the experience worse.

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#15

Post by dmitrygr »

I read the paper. Still not sure how this solves anything besides transferring wealth from the gullible to the authors:

* Noted are the transactions-per-second limits, but solution is missing behind some handwaving

* Lots of talk of fees for doing things like sending messages and lots of mentions of "premium" offerings. This is not a free messaging app (which means likely nobody will use it and the network effect will not happen. Will you pay anything over $0.00 to send messages?)

* Talk of incentivization of "reading posts" meaning "there will be ads"

* Literally mentions farming user data "users generating behavioural data for large scale analysis"

* A completely ridiculous claim that pseudonymity == privacy

* No talk at all about actual message encryption (you would not want your 1-to-1 messages publicly readable in the blockchain, would you?)

.

And then finally, by the last page it is suddenly clear...they are selling their tokens...

The world makes sense again..

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#18

Post by jacquesm »

dmitrygr wrote: post #15

I read the paper. Still not sure how this solves anything besides transferring wealth from the gullible to the authors: * Noted are the transactions-per-second limits, but solution is missing behind some handwaving * Lots of talk of fees for doing things like sending messages and lots of mentions of "premium" offerings. This is not a free messaging app (which means likely nobody will use it and the network effect wil…

> I read the paper. Still not sure how this solves anything besides transferring wealth from the gullible to the authors.

That's MC's modus operandi.

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#20

Post by pascalxus »

So, the headline doesn't present the value prop very clearly. It should say something like: "Never, meet another troll again" or "Message, with absolute privacy.."

From what i understand based on the article, the value proposition is: 1. Privacy 2. No Trolls

I know the above two have been mentioned quite a bit as detractors for twitter. But, personally, I've never had a problem with either one of those.

The question is, How many people would be willing to switch to a new platform, if it meant never meeting another troll again?

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