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IOTA being shut off is the latest chapter in an absurdist history

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Re: IOTA being shut off is the latest chapter in an absurdist history

#91

Post by bdcravens »

nradov wrote: post #74
lawn wrote: post #43

Earlier quoted context omitted.

During a lunch the topic of cryptocurrencies came up and a co-worker of mine said he'd invested in IOTA and EOS (another nonsense coin). The thing is I think he's smart and a programmer with the head in the right place and has made a ton of very good decisions at work. So if you think these projects only attract idiots and fools you're wrong. Smart people can also be fooled.

As another example, doctors and dentists have traditionally been prime targets for investment scammers long before cryptocurrencies were invented. They're intelligent in a particular field and have money, but often lack business experience and common sense.

In the earliest phases of my career, working the help desk for a small dial-up in the late 90's, the worst customers to deal with were doctors and lawyers, due to their overconfidence.

Re: IOTA being shut off is the latest chapter in an absurdist history

#92

Post by robotnikman »

bdcravens wrote: post #91
nradov wrote: post #74

Earlier quoted context omitted.

As another example, doctors and dentists have traditionally been prime targets for investment scammers long before cryptocurrencies were invented. They're intelligent in a particular field and have money, but often lack business experience and common sense.

In the earliest phases of my career, working the help desk for a small dial-up in the late 90's, the worst customers to deal with were doctors and lawyers, due to their overconfidence.

I had a similar experience when I used to work tech support for an ISP many years ago. Customers such as Lawyers or Doctors would get extremely irate over not being able to get a technician out to their home same day to fix whatever problem they were having, always making sure to mention their profession and how important they were to whatever organization they were a part of.

Re: IOTA being shut off is the latest chapter in an absurdist history

#93

Post by decentralised »

zelly wrote: post #87
decentralised wrote: post #76

Earlier quoted context omitted.

You are making an assumption about how blockchains work. Do you think the linked-list like structure of how blocks are added to the chain is how data is stored and retrieved? For reference: https://en.bitcoin.it/wiki/Bitcoin_Core_0.11_(ch_2):_Data_St... https://hackernoon.com/getting-deep-into-ethereum-how-data-i...

I'm aware it is implemented more efficiently. The problem it is trying to solve is orthogonal to what DNS does: search vs. verification. DNS needs to resolve an name on the order of nanoseconds across a distributed system. It is designed with this in mind. A blockchain is designed with integrity in mind. Wallets can verify transactions on the order of nanoseconds with SPV--also distributed because a client can get th…

In terms of access time, the standard would be O(1) for hashtables which would be my best guess at how to best represent an ip to domain mapping. Reading from on chain data is done locally (if you have your own node) and is near instant, but for wider reach I think DNS over HTTP would be needed or wasm clients that can be run in a browser.

Here is a possible implementation in Ethereum: https://medium.com/the-ethereum-name-service/ethdns-9d56298f...

Re: IOTA being shut off is the latest chapter in an absurdist history

#94

Post by bdcravens »

robotnikman wrote: post #92
bdcravens wrote: post #91

Earlier quoted context omitted.

In the earliest phases of my career, working the help desk for a small dial-up in the late 90's, the worst customers to deal with were doctors and lawyers, due to their overconfidence.

I had a similar experience when I used to work tech support for an ISP many years ago. Customers such as Lawyers or Doctors would get extremely irate over not being able to get a technician out to their home same day to fix whatever problem they were having, always making sure to mention their profession and how important they were to whatever organization they were a part of.

In my case it seemed they had a hard time accepting that a 22 year old knew more than they did about a subject.

Re: IOTA being shut off is the latest chapter in an absurdist history

#96

Post by jki275 »

Zenbit_UX wrote: post #89
jki275 wrote: post #54

Earlier quoted context omitted.

It does exactly nothing better than anything that was done before it.

That's not an analysis or an answer to my question, but in response to your statement, EOS does do things differently than most POW chains as it is DPOS, does that make it better? Who can say. I'm not looking for dogmatic crypto-tribalistic nonsense, simply an answer to why the GP felt necessary to lump EOS into his ad hominem attack. Too often these discussions resemble drunk bar patrons arguing over which cities sp…

DPOS, with 21 nodes mostly located in China.

Yeah, it's "different", but not in a good way.

EOS has a bunch of big problems, and they're not likely to fix them, as there's no motivation to do so.

Re: IOTA being shut off is the latest chapter in an absurdist history

#97

Post by jki275 »

psychlops wrote: post #86
jki275 wrote: post #82

Earlier quoted context omitted.

Solid? The entire ecosystem has been down for two weeks because it's a centralized shitcoin. There's nothing "solid" about this. It's a scam. And yes, that's exactly how they described it.

What's not solid about their current Kerl implementation? It's a scam? Any link to how they are intentionally stealing money? I'd like to know how you know.

I don't have the time or inclination to engage with shills.

Read for yourself and make up your own mind.

https://bitcointalk.org/index.php?topic=5227016.0

Re: IOTA being shut off is the latest chapter in an absurdist history

#99

Post by greycol »

LaineHerron wrote: post #98

The article says that the price of IOTA has gone up in the last 2 weeks. What does that mean? I don't see how people can be buying and selling IOTA if they are not able to send or receive it.

Because you can still buy and sell the coins on an exchange. It's just that you can't withdraw or deposit coins from your exchange account only trade between other exchange accounts. No wallet to wallet trades only trades of the coins sitting in the exchanges wallet (so basically trades on the exchanges private(non block chain related) ledgers rather than on the coins ledger).

Actually now that I think about it I wonder what liability the exchange has in this. Obviously the exchange can't send you your coins because it's physically impossible and the value is purely speculative but currently being given value only on the exchange. Would they need to reimburse you for the 'value' of the coins if you can't withdraw? Though if we're playing a game of silly buggers I guess the exchange could put up a sell for 0.000001 cents a coin, execute the trade and immediately freeze further transactions then claim any payout would be at the last traded value (which obviously wouldn't work as there are multiple exchanges). Perhaps they could 'give access' to the exchanges wallet key with instructions that the person trying to withdraw is entitled to take out their share of the coins thus it's the account holder who is 'in control' of the coins.

Re: IOTA being shut off is the latest chapter in an absurdist history

#100

Post by DarthGhandi »

wyldfire wrote: post #48
weavie wrote: post #30

Earlier quoted context omitted.

Identity looks like a potentially interesting use case. https://www.computerworld.com/article/3244128/how-blockchain...

This totally collapses for most real world uses of identity. If it's used for anything important then you need to be able to recover your identity if your house burns down with your keys inside or you lose your passphrase due to brain injury (or you just forget). You need centralization for most real-world uses of identity. Could you have an identity where if the above happens you just start over? Yes, as long as it'…

> Could you have an identity where if the above happens you just start over?

Reading the W3 spec for Decentralised Identifiers is probably a bit dry, suggest looking into other sources on this matter.

Regardless the answer to your question is yes.

A lot of smart people have been working on this very thing for years.

https://www.w3.org/TR/did-core/

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