31–40 of 202 posts
YC/HN missed out on crypto and it's all hate, nothing constructive.
This is one of the problems crypto has to solve before becoming mainstream. It should be possible to "get in" at any moment, without being insulted at all times that you only fail to benefit from it because you were too late.
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Tbf, blockchain is the dark matter of technology. People are never allowed to criticize it without the same, repeated feedback “If that’s what you think blockchain is, then you don’t understand it.” Why doesn’t someone, then, who actually understands their almighty blockchain god, illuminate us, mere mortals, on the wonders of blockchain and how it can be good for society in the foreseeable future. You know what’s re…
Criticisms are okay, but this isn't a good criticism. From the article: > Let’s start with this: Venmo is a free service to transfer dollars, and bitcoin transfers are not free. Yet after I wrote an article last December saying bitcoin had no use, someone responded that Venmo and Paypal are raking in consumers’ money and people should switch to bitcoin. Not everyone has access to Venmo or PayPal. For instance, sex wo…
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And how is the track record of decentralized "currencies"? Buying drugs, money laundering, rampant speculation, rug pulls, fraud, high fees, inefficiency, horrible UX, irreversible SFYL, and destroying the climate.
>Buying drugs, money laundering, rampant speculation, rug pulls, fraud, high fees, inefficiency, horrible UX, irreversible SFYL, and destroying the climate. Every one of these charges happens every day and in some of them to a much greater scale in fiat, especially climate destruction due to inflationary monetary policy, which encourages consumption and waste and punishes thrift and savings.
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Criticisms are okay, but this isn't a good criticism. From the article: > Let’s start with this: Venmo is a free service to transfer dollars, and bitcoin transfers are not free. Yet after I wrote an article last December saying bitcoin had no use, someone responded that Venmo and Paypal are raking in consumers’ money and people should switch to bitcoin. Not everyone has access to Venmo or PayPal. For instance, sex wo…
My company operates in a highly international business area. The whole industry is moving towards using crypto for B2B payments. Every provider and partner offers payment by crypto - because international bank payments are slow, expensive and complicated (gets stuck, countries blocked, unclear KYC etc, opaque AML blockers etc).
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You transfer btc to someone else and they give you your purchase.
How do I transfer that money? I need specifics. I'm a poor peasant from Wallachia, I barely know how to use a smartphone. ELI10. 1. How do I buy the Bitcoin in the first place? My government or bank aren't selling them to me. 2. How do I actually transfer that money?
This article contains the best explanation of what a blockchain is that I have ever seen: A blockchain is a specific data structure: a linear transaction log, typically replicated by computers whose owners (called miners) are rewarded for logging new transactions. There are two things that are cool about this particular data structure. One is that a change in any block invalidates every block after it, which means th…
HN really loves to hate cryptocurrency!
HN really loves to hate cryptocurrency!
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Criticisms are okay, but this isn't a good criticism. From the article: > Let’s start with this: Venmo is a free service to transfer dollars, and bitcoin transfers are not free. Yet after I wrote an article last December saying bitcoin had no use, someone responded that Venmo and Paypal are raking in consumers’ money and people should switch to bitcoin. Not everyone has access to Venmo or PayPal. For instance, sex wo…
My company operates in a highly international business area. The whole industry is moving towards using crypto for B2B payments. Every provider and partner offers payment by crypto - because international bank payments are slow, expensive and complicated (gets stuck, countries blocked, unclear KYC etc, opaque AML blockers etc).
Is it drug trafficking?
Then use a cryptocurrency that has 0 (or very tiny) transaction fees?
>in case this e-book author has hidden a recursion bug in their version to drain your ethereum wallet of all your life savings
An ethereum smart contract can't take ethereum from anyone. It can only take what you've sent it. Also I'm not sure why the author didn't add in that you still have to trust the author to serve you the ebook. The smart contract would only give you an NFT that the site would check.
>yet is your Afghan villager going to download the blockchain from a broadcast node and decrypt the Merkle root from his Linux command line to independently verify that his vote has been counted? Or will he rely on the mobile app of a trusted third party — like the nonprofit or open-source consortium administering the election or providing the software?
What's the problem of making it convenient?