71–80 of 139 posts
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Greed appears to me to be fundamentally intrinsic to human behavior and culture. I don't think it's realistic to try to get rid of it. Rather I think it would be more effective to use it as an incentive and actively limit its negative externalities.
There are lots of "fundamentally intrinsic" harmful elements of human behavior and culture but civilization is slowly getting them under control.
What bugs me the most about the whole ICO game is that it casts a long dark shadow about the whole blockchain stuff. Storj as well as other ideas in the realm are based on great ideas and I'd love to see them succeed. However, that Storj was able to obtain $30M in funding is really just awful. Sooner or later the cryptocoin market will crash and when this day comes and those projects still have no inherent value a lo…
People didn't leave the Internet because of the dot com bubble burst. If blockchain has an advantage over more centralized approaches, it will bounce back as well.
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Unless you're an active investor who is nuanced on the details of the protocols, just don't worry about it. You'll wake up one day, back up your files to the new cloud, you'll pay using some crypto app - and you'll have no idea that decentralization was ever involved.
When it goes wrong, and you're wondering who to complain to, then the decentralisation might start to matter.
The rules for being a smart investor haven't changed. If you want low risk safe investments then no one is selling you on ICOs. It's like people on the sideline want "some of that Internet money" without taking any risk. That's not how high risk ventures work. So explain to me what people are complaining about?
What bugs me the most about the whole ICO game is that it casts a long dark shadow about the whole blockchain stuff. Storj as well as other ideas in the realm are based on great ideas and I'd love to see them succeed. However, that Storj was able to obtain $30M in funding is really just awful. Sooner or later the cryptocoin market will crash and when this day comes and those projects still have no inherent value a lo…
What's the likelihood that ISPs will levy higher rates on bandwidth for things like Storj and Filecoin? This 'next-generation' model of enabling people to profit off of cheap/unlimited internet packages seems like a juicy target.
Unfortunately for the author of this amazing (and cringeworthy) exercise, skeptics often put in a lot of effort, but receive practically no reward compared to the con artist. Even the people who agree with and appreciate the effort of the skeptics are few compared to the number of irrational people who gladly follow the cons. This is a bit radical (and probably outside the interest of HN), but if we somehow could rem…
Unfortunately for the author of this amazing (and cringeworthy) exercise, skeptics often put in a lot of effort, but receive practically no reward compared to the con artist. Even the people who agree with and appreciate the effort of the skeptics are few compared to the number of irrational people who gladly follow the cons. This is a bit radical (and probably outside the interest of HN), but if we somehow could rem…
Earlier quoted context omitted.
Unless you're an active investor who is nuanced on the details of the protocols, just don't worry about it. You'll wake up one day, back up your files to the new cloud, you'll pay using some crypto app - and you'll have no idea that decentralization was ever involved.
When it goes wrong, and you're wondering who to complain to, then the decentralisation might start to matter.
Earlier quoted context omitted.
hi, i'm gordon. and yeah, unfortunately i might be the only person who understands the entirety of the core library. yeah, that's scary. but i wouldn't bet any storj tokens on it because the payoff wouldn't be so great. i'm not listed on the team anymore, because i - along with several others left the project during and after the token sale (empty handed, mind you) for various reasons. i agree, storj didn't need $30m…
Hi Gordon, sorry if this is too far off topic, but what software did you use to make your awesome github profile photo?