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Goodbye Gas Fees

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Re: Goodbye Gas Fees

#31

Post by alasdair_ »

jacob_rezi wrote: post #13
beachy wrote: post #6

Earlier quoted context omitted.

I would like to understand more about your product. Does it ensure the accuracy of your resume? I.e that you really did work for Google since 2020? Or is it more to simply ensure that the content has not changed. But if so, who cares if your resume has changed?

This is the first step we've taken towards the bigger goal of ensuring truthfulness of the experiences on the resume. But for now, it does two things - ensures the resume has not been altered since created (think recruiter's incentives to do so) and serves as a promise from the job seeker that the resume is truthful. We're just launching, so let's see how it evolves over time

> serves as a promise from the job seeker that the resume is truthful.

Isn’t that sort of implied when someone gives you a resume?

Have you noticed a lot of job applicants saying things like “that pdf I gave you? Total bullshit, I made it all up. But this? This is real, because blockchain!”?

Also, do you even store the resume on the blockchain, or do you just store a url? If the latter, what happens when the original owner of the dns name sells it to someone else who replaces your “blockchain verified” resume with goatse?

Re: Goodbye Gas Fees

#32

Post by chizhik-pyzhik »

Uptrenda wrote: post #20

Doesn't this just make on-boarding users even more convoluted? You'll have to probably get a large amount of Ether and then 'commit' it to another L2 to receive whatever their backed token equivalent is. Then you'll use this token to pay for things which will have no network effect, apps, or merchants in the beginning. Basically all adoption goes back to square one while providing a confusing and worse user-experienc…

You're right, it sucks in the short term. The way I look at ethereum/defi is that we're interacting with the protocol directly right now. Imagine if you could only use your bank by working directly with the API, and then some people hacked together crude tools to make the API more tolerable.

Over time this will all be abstracted away and typical users won't have to worry how it's all working underneath (unless they really want to).

Re: Goodbye Gas Fees

#33

Post by sour-taste »

jacob_rezi wrote: post #2

Timely article - Polygon is what we've used for our blockchain verified resume https://www.rezi.ai/rezi-blockchain-verified-resume

> You have no idea how your career goals are related to the job you want

I don't know whether an employer can help me meet my own career goals, but an AI does? And somehow the blockchain factors into this? This is one of the more patronizing startups I've ever seen.

Re: Goodbye Gas Fees

#34

Post by dereg »

obulpathi wrote: post #17

Why use L2 when one can have a better experience with much lower fees (Solana, Avalance, Flow & Near). The new generation Blockchains like Solana and Avalance are far better than Ethereum. They are going throgh some growing pains, other wise, they beat Ethereum to dust in terms of speed, latency and performance. Solana takes a second to confirm a transaction, with 0.00025$ fees and can support more than 100,000 tx/s.…

If you scale up Avalanche's fees to ETH's market cap, the fees are essentially the same.

The low fees on Solana make it more prone to spam. The entire chain was down for 17 hours in September and has recently been facing some major congestion issues.

There's no silver bullet here and I think we should be honest about the capabilities and tradeoffs of each approach to scaling.

Re: Goodbye Gas Fees

#35

Post by HorizonXP »

obulpathi wrote: post #17

Why use L2 when one can have a better experience with much lower fees (Solana, Avalance, Flow & Near). The new generation Blockchains like Solana and Avalance are far better than Ethereum. They are going throgh some growing pains, other wise, they beat Ethereum to dust in terms of speed, latency and performance. Solana takes a second to confirm a transaction, with 0.00025$ fees and can support more than 100,000 tx/s.…

Solana and Avalanche are fantastic L1s, and I am optimistic for their future. But I'm skeptical of their ability to replace Ethereum.

To Solana's credit, they opted to create their own smart contract VM based on Rust, rather than build an EVM-compatible VM. It will take them time to get developer mindshare, but there's a real possibility to build dApps on Solana that couldn't exist on Solana. The same is true in some ways for Avalanche, but I think their current EVM-compatible C-chain means most developers will spend their time porting existing Solidity-based dApps, rather than build something new or novel. Look at Fantom and its DAG-based blockchain.

Having used Arbitrum, Boba, and Optimism, I can say that they're very fast and work very well. How they handle load as we scale up remains to be seen.

I still have to spend time with the zkRollup L2s; sad to see that StarkNet gets mentioned before Loopring. Polygon's investment into the space is interesting too.

To me, lower fees are irrelevant if there are no dApps to use, and low liquidity. I'm an avid user of a very promising dApp on Arbitrum that has done very well since launching in August. However, they're looking to launch on Avalanche now due to the low liquidity and uptake on Arbitrum.

What that also tells me is that momentum matters. And right now, Ethereum has got it. You won't be bridging your NFTs from Ethereum into Solana anytime soon. But on the L2s? Yeah, probably.

Re: Goodbye Gas Fees

#36

Post by jacob_rezi »

beachy wrote: post #22
jacob_rezi wrote: post #13

Earlier quoted context omitted.

This is the first step we've taken towards the bigger goal of ensuring truthfulness of the experiences on the resume. But for now, it does two things - ensures the resume has not been altered since created (think recruiter's incentives to do so) and serves as a promise from the job seeker that the resume is truthful. We're just launching, so let's see how it evolves over time

I still don't get it - when you give your resume to a recruiter they can rework it as they see fit, but they can't change your original. That's on your hard drive/wherever. What does Blockchain add to that? And as to a promise that the resume is truthful - thats just your assurance, what does block chain have to do with that either? Asking with genuine interest as we are in the HR space so often discussing these sort…

> That's on your hard drive/wherever. What does Blockchain add to that?

Whomever is responsible for hiring can instantly and independently verify the authenticity of the resume without the friction of communicating with the applicant.

> And as to a promise that the resume is truthful - thats just your assurance, what does block chain have to do with that either?

We've seen lying on the resume as a huge problem that we haven't been able to tackle. Perhaps making a record of this assurance will discourage job seekers from lying.

Re: Goodbye Gas Fees

#37

Post by chizhik-pyzhik »

obulpathi wrote: post #17

Why use L2 when one can have a better experience with much lower fees (Solana, Avalance, Flow & Near). The new generation Blockchains like Solana and Avalance are far better than Ethereum. They are going throgh some growing pains, other wise, they beat Ethereum to dust in terms of speed, latency and performance. Solana takes a second to confirm a transaction, with 0.00025$ fees and can support more than 100,000 tx/s.…

These other chains don't beat Ethereum in terms of decentralization and uptime. It tells you a lot about the tradeoffs made when Solana has gone down several times in the past few months and the solution is for all the validators to get together and collectively 'restart' the network.

Re: Goodbye Gas Fees

#38

Post by jacob_rezi »

alasdair_ wrote: post #27
jacob_rezi wrote: post #2

Timely article - Polygon is what we've used for our blockchain verified resume https://www.rezi.ai/rezi-blockchain-verified-resume

Does the blockchain verify my identity? Or that I worked any of the places I claimed to work?

It would verify that you are the original creator of the resume.

It would also allow the hiring manager to instantly and independently verify that the resume has not been altered by anyone accept you.

It does not verify claims of your experiences - that is a messier endeavor.

Re: Goodbye Gas Fees

#39

Post by jacob_rezi »

Hamuko wrote: post #18
jacob_rezi wrote: post #13

Earlier quoted context omitted.

This is the first step we've taken towards the bigger goal of ensuring truthfulness of the experiences on the resume. But for now, it does two things - ensures the resume has not been altered since created (think recruiter's incentives to do so) and serves as a promise from the job seeker that the resume is truthful. We're just launching, so let's see how it evolves over time

> ensures the resume has not been altered since created (think recruiter's incentives to do so) How often do recruiters actually modify your PDF resume after you submit it? Why would they do that when the company can just verify its contents on LinkedIn? Do you actually have any kind of data on this? And if you're actually worried about rogue recruiters modifying your resume after you make it, why would you not sign…

let me answer these questions in a year once we've had time to see the result.

The feature comes from asking our users what they'd like to see improved on our existing software.

The topics of trust/authenticity have been left unexplored in relation to the resume. We'll gladly be the first.

Re: Goodbye Gas Fees

#40

Post by jlebar »

> What most people don’t know is: Gas fees on Ethereum are supposed to be high.

Count me among those not in the know!

I...really don't get it.

Bitcoin was supposed to be a currency. Then we realized that it's too slow and too energy-hungry for that. So we retcon'ed it into, it's a store of value!

Etherium was supposed to be a place for smart contracts. Then we realized it's too slow and gas-hungry for that. So...we retcon'ed it, too?

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