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Starting a crypto project

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Re: Starting a crypto project

#331

Post by fumblebee »

baby wrote: post #189
fumblebee wrote: post #18

> 2. You aim to build a community, but in reality 90% of your telegram/discord are scammers and people asking why price is going down/accusations that you and your entire team should go to jail. I'm consistently repulsed by the lack of thoughtful discussion in crypto communities. For a space littered with intriguing technology it's endlessly frustrating that there's no HN-like forum. Instead, any community that start…

I’ve been thinking about forking HN to have crypto discussions, I really wish there was a board like this which only talked about technical stuff of crypto

This would be great.

Re: Starting a crypto project

#332

Post by grey-area »

nwiswell wrote: post #230
grey-area wrote: post #58

Earlier quoted context omitted.

This website is being served to you using cryptography right now (tls). I took web tech to mean the technology used to serve the web - the differences with cryptocurrencies are manifold, the principal one being that billions of people use the web every day to perform important functions, compared to cryptocurrencies where most users are simply speculating on prices.

I think GP's point is this: 1) You cannot have cryptocurrency without the web, so it is web tech. 2) Computational cryptography long predates the web. It would be more accurate to say "the web is cryptography tech", if anything.

1) A depending on B does not mean A is part of B (though I'd dispute cryptocurrencies requires the web to function at all, perhaps you're thinking of the internet?).

2) Cryptographic libraries (many relatively recent, e.g. go or rust libraries) are definitely an important part of the web, they're integral to web tech if you define web tech as the tech that powers the web.

Re: Starting a crypto project

#333

Post by 908087 »

baby wrote: post #189
fumblebee wrote: post #18

> 2. You aim to build a community, but in reality 90% of your telegram/discord are scammers and people asking why price is going down/accusations that you and your entire team should go to jail. I'm consistently repulsed by the lack of thoughtful discussion in crypto communities. For a space littered with intriguing technology it's endlessly frustrating that there's no HN-like forum. Instead, any community that start…

I’ve been thinking about forking HN to have crypto discussions, I really wish there was a board like this which only talked about technical stuff of crypto

I fear moderating that to keep it from devolving into yet another example of the forums mentioned in this subthread would be a full time job for multiple people. The whole cryptocurrency/blockchain space is tainted, and keeping the trash out of such forums is like trying to keep flies off of shit.

Re: Starting a crypto project

#334

Post by onebot »

PragmaticPulp wrote: post #153
onebot wrote: post #83

Having been part of launching Helium HNT token (which is honestly a real-world utility use case), here is my personal experience related to his points... Helium started as a traditional centralized IoT project, realized that centralization was a limiting factor, then joked about turning it into a blockchain application. Now it is over $1.5bn market cap and provides a real-world utility. Exchanges are pay-to-play. It…

> Helium started as a traditional centralized IoT project, realized that centralization was a limiting factor, then joked about turning it into a blockchain application. Now it is over $1.5bn market cap and provides a real-world utility. Why did you need to create a new, unique token anyway? How much of that market cap would you estimate is used for utility versus simply being held for speculation?

Proof of Coverage was a new model that couldn't be easily done with a layer 2 protocol. I think it could be done now with Solana, but SOL wasn't live when we started.

Re: Starting a crypto project

#335

Post by onebot »

samsonradu wrote: post #203
onebot wrote: post #83

Having been part of launching Helium HNT token (which is honestly a real-world utility use case), here is my personal experience related to his points... Helium started as a traditional centralized IoT project, realized that centralization was a limiting factor, then joked about turning it into a blockchain application. Now it is over $1.5bn market cap and provides a real-world utility. Exchanges are pay-to-play. It…

> Security is hard. I'm still wondering how no impactful hacking occured to this day at major exchanges or even the major blockchains. By now it's probably a top-level target worldwide.

Also consider the coins themselves. Hacking (or miscoding) is why there is an Etherium and Etherium classic. They had to hard fork to return funds.

Re: Starting a crypto project

#336

Post by marcus_holmes »

reedjosh wrote: post #244
marcus_holmes wrote: post #235

Earlier quoted context omitted.

but they don't achieve any of those, either. All of them rely on a centralised authority, as can be seen with the bitcoin & ethereum forks - if something goes bad, the people in control will step in and make it better. That means there are people in control. This is not trustless, decentralised or permissionless.

There's degrees in everything. Permissionless--nobody can stop a transaction from taking place because of ideology. Decentralised--the miners and the software devs have to agree on something to make a hard change. This has happened so rarely as to be a non-issue. When it does happen, the currency forks and those that want to use it can do so as they please. BTC became LiteCoin, BCH, and BSV from hard protocol forks.…

Yeah, but you probably rely on a wallet provider, which messes with most of this. The wallet provider can absolutely block a transaction for ideological reasons, and requires you to trust it, and so on.

You need to be pretty techy to verify a transaction in the chain yourself, or do any of the other things you talk about. A non-technical person can't do this. They have to trust other people. This really isn't different from trusting that there are gold bars in the vault.

It's been what, 5 years ish, since this all blew up? In 5 years you can name 5 hard forks in the major currencies. That's not "rare".

Re: Starting a crypto project

#337

Post by emosenkis »

throwaway_kufu wrote: post #72

I personally have experienced NFT cartels first hand and would love to expose it. From pay to play propositions by a “NFT artist” that’s sold millions in NFTs for an invite to an invite only NFT marketplace, promises of $x/month in sales, to a prolific “NFT collector” on Twitter confirming being part of the whole scam by retweeting me upon request of the artist to verify the authenticity of it all. From what I gather…

Try Planet Money?

Re: Starting a crypto project

#338

Post by noxer »

e12e wrote: post #215
jaggs wrote: post #193

Earlier quoted context omitted.

Cough...Patreon.

Patron kinda proves the point that no-one wants micropayments (and that small/threshold payments work fine in a centralized system)?

No it does not. It proves the point that people are willing to pay for content. But no one wants to be locked-in to patron. There is a high chance over the next years many patron competitors will emerge and its neither in the interest of creators nor the consumers to have to pick one an lose out on the others or to use all in parallel. These walled-garden solutions suck. It either fragments people or someone has a monopoly and screws people over.

Standardized web monetization with micropayments has obvious benefits, its like email you dont care what provider the other people use its just works.

Re: Starting a crypto project

#339

Post by noxer »

zaphar wrote: post #218
noxer wrote: post #192

Earlier quoted context omitted.

I think you didn't get the bigger picture. Its not for streaming a movie is for everything on the web. Why would you pay 50 for Netflix if you can just consume content wherever you want for 50 bucks instead. They can still offer you a flat rate if they want. The option to pay what you use doesn't take the option to pay upfront or whatever away. There is no doubt they will lure you into using the same service somehow…

This conversation is odd. Someone says there are no real world use cases. Someone else says yes there is and poses one. Former person points out that in fact that example just makes their point for them. The counter is well there has to be some use case because there are theoretically an infinite number of them. We just have to find one from that set. This example right here. It presumes that content creators will ha…

You also miss the whole point. The Netflix example isn't something anyone tires to do now and it may never happen its just to show what the tech COULD do. Today web monetization and micropayment ideas are targeted at replacing ads. Ads are already micropayments.

Re: Starting a crypto project

#340

Post by jokethrowaway »

X6S1x6Okd1st wrote: post #319
XorNot wrote: post #298

Earlier quoted context omitted.

All those things still produce tangible goods at the end though, is the difference. I can hate my job but at the end of the day I still created value for my employer. Companies on the stock market still create actual value for people, even if shareholders don't particularly care how they do it.

Does Facebook produce tangible goods?

Yes, a social network
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