Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ethereum Isn't Fun Anymore

timdaub.github.io

Post reply on HN
Print view View original

121–130 of 650 posts

Re: Ethereum Isn't Fun Anymore

#121

Post by [deleted] »

oilbagz wrote: post #58
samtheprogram wrote: post #35

Earlier quoted context omitted.

Entire industries have been built on top of JavaScript, from rags to the most valuable companies in the world reinvesting back into it. It’s getting mature, too. As someone who 5 years ago refused to learn JavaScript and was firmly in your camp, I don’t really see an “up to snuff” argument to be made anymore. All languages have quirks and JavaScript definitely has them, but it’s not alone in that regard, especially c…

Entire industries have been built on Cobol, and Emacs-as-a-Lisp-host, and Visual Basic too, but that doesn't mean we should be using any of it for a next-generation financial trading scheme. There aren't any good reasons to avoid producing viable C/C++ libraries to implement this kind of technology - only developer complacency and laziness. Want me to adopt your new fintech? Let me embed it in ANY app I might write,…

[deleted]

Re: Ethereum Isn't Fun Anymore

#123

Post by baq »

martin_a wrote: post #114
Traubenfuchs wrote: post #56

Building something useful on something that is primarily used as highly volatile financial speculation instrument always rubbed me the wrong way. The whole crypto scene is just about making quick dough with a technology, that for some reason remains hyped through and wrapped in mysticism. Face it, there is no sexy killer app for the masses. Wait. There is one: Crypto trading to... make quick dough. And the cryptonerd…

After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…

i guess the whole point of tracking containers on blockchain was that you don't have to trust middlemen to do the right thing anymore.

Re: Ethereum Isn't Fun Anymore

#124

Post by martin_a »

antupis wrote: post #112
martin_a wrote: post #99

Earlier quoted context omitted.

For micropayments, there has been flattr. Wasn't really accepted and won't get better if you somehow put a blockchain in there. For the second: Just go with gumroad or Paypal or whatnot. Your points just prove, that there's no need for blockchain after all.

Maybe nanopayment would be better term I mean like truly small amounts not something like 3$ like flattr or 1$ like Gumroad.

Just flattr more things so your monthly amount get distributed more. I think that should work and there's no "lower limit" on how much a single click is worth.

But yeah, it would be nice if you could set a fixed amount per button, like 10 Cent for an article or something like that.

Re: Ethereum Isn't Fun Anymore

#125

Post by vertis »

This is so true. I was playing with Non-Fungible Tokens (NFTs) to create artworks a few weeks ago. It seemed like a fun side-project even if I'm not likely to get rich producing something.

That died right about the time when it was going to cost me ~$135 in fees to mint the artwork[1]. While I followed through and completed the one artwork, most of the successful artworks are a series of collections.

Minting those was prohibitively expensive at the time of writing.

[1]: https://vertis.io/2021/02/03/exploring-nfts/

Re: Ethereum Isn't Fun Anymore

#126

Post by dgellow »

Traubenfuchs wrote: post #56

Building something useful on something that is primarily used as highly volatile financial speculation instrument always rubbed me the wrong way. The whole crypto scene is just about making quick dough with a technology, that for some reason remains hyped through and wrapped in mysticism. Face it, there is no sexy killer app for the masses. Wait. There is one: Crypto trading to... make quick dough. And the cryptonerd…

What about a voting system? That's the only application of a public, decentralized ledger that can kind of makes sense to me. I'm from Switzerland, every few months we have a public voting for various changes to the federal or cantonal laws. I currently do not have a way to be certain that my vote is taken in account. With a public ledger I can check and be sure that my vote is correct.

I'm generally opposed to software voting because I have a complete distrust for such systems, but a public ledger (preferably not based on proof of work, so not ethereum) has interesting characteristics. And the price or inefficiency isn't an issue in this context.

Edit: people commenting seem to misunderstand the proposition. I'm perfectly aware of the privacy around voting and not advocating against it. It should be possible to have a system where your vote is registered publicly as a transaction between your wallet and a "referendum" wallet, in that case unless you have a way to link the public identity of a wallet to an identity (meaning people would somehow leak their public address somewhere) you do not have a way to know my vote. The only thing you could know is the number of total votes and their choice. You can of course generate a new wallet per voting as a way to not have a history.

Edit 2: the plausibility deniability is a fair point, I concede.

Re: Ethereum Isn't Fun Anymore

#127

Post by Gatsky »

martin_a wrote: post #114
Traubenfuchs wrote: post #56

Building something useful on something that is primarily used as highly volatile financial speculation instrument always rubbed me the wrong way. The whole crypto scene is just about making quick dough with a technology, that for some reason remains hyped through and wrapped in mysticism. Face it, there is no sexy killer app for the masses. Wait. There is one: Crypto trading to... make quick dough. And the cryptonerd…

After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…

https://www.reuters.com/article/us-bhp-ironore-blockchain-id...

Re: Ethereum Isn't Fun Anymore

#128

Post by martin_a »

baq wrote: post #123
martin_a wrote: post #114

Earlier quoted context omitted.

After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…

i guess the whole point of tracking containers on blockchain was that you don't have to trust middlemen to do the right thing anymore.

"shit in, shit out" is still the working principle. I don't see why the middlemen should make true statements, if that's not in his interest after all. Instead he will just enter wrong information, which will then become "correct" information, "because it's on the blockchain!!11".

Re: Ethereum Isn't Fun Anymore

#129

Post by martin_a »

mirekrusin wrote: post #119
martin_a wrote: post #114

Earlier quoted context omitted.

After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…

I think it's being declared "failed technology" at least once a month since inception, no?

Not sure, but we should act more like that then.

Re: Ethereum Isn't Fun Anymore

#130

Post by louwrentius »

mirekrusin wrote: post #120
louwrentius wrote: post #104

Earlier quoted context omitted.

Can you point to a legitimate problem that “blockchain” can solve, which can’t be solved with existing tools? I think every smart person working on any kind of blockchain-related tech is seriously wasting their talent and life.

System that can't be shut down by governments?

You mean that government that just shuts down internet, making your 'system' totally useless?

Yes, right!

You can't fix societal problems with tech.

Post reply on HN