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…
Mercury Protocol: Communication Platform Built on the Ethereum Blockchain
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Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain
#22I 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 don't know about messaging, but paying per comment would be a really interesting idea. There are a lot of people out there who are very aggressive about posting in tabloid and newspaper comment sections. The comments are usually so argumentative, angry, and spiteful that I have to think that just having the comment itself appear on the page is worth quite a lot to those people.
Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain
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#27I also like the idea of reputation managed via distributed ledger. Hard coding trust is a raison d'etre for smart contracts to exist and although a personal "integrity score" acting akin to your "credit score" may sound dystopian it also is an interesting experiment.
Anyone recall "Whuffie" from Cory Doctorow's "Down and Out in the Magic Kingdom?"
Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain
#28How is this different than Bitmessage? https://bitmessage.org/wiki/Main_Page
Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain
#29Implementation issues around Mecury aside, a "fee-based" Reddit is a worthy experiment. Justin Kan had a similar idea with his Whale App. Get experts to answer serious questions regarding entrepreneurship and be compensated for their time. The market for this exists. I also like the idea of reputation managed via distributed ledger. Hard coding trust is a raison d'etre for smart contracts to exist and although a pers…
It's pretty much a "fee-based" Reddit, where people who post content are rewarded for doing so.
Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain
#30I think this is the antithesis of the blockchain. I think a much better idea is: "Uncensorable Twitter". With how much twitter and Google censor users they find offensive I think a product like that would take off and not be too difficult to build.