631–640 of 769 posts
If you store your webapp on IPFS, and connect to the blockchain. Then its truly decentralized. We need browsers to support IPFS... Even when blockchain fails, IPFS will be a big. Especially if we are going to be a multi-planetary species.
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> Which one did the creator use? That's the one that has legitimacy and value. This is exactly the crux. How do I prove who is the original creator? Vitalik's concept of legitimacy is based on EVERYONE participating. Which is simply not the case right now. To use his example: > Elon selling Elon's tweet is the real thing, and Jeff doing the same is not. Once again, millions of dollars of value are being controlled an…
> This is exactly the crux. How do I prove who is the original creator? Consensus. We all agree that 0x123457890 is the "Bored Ape" contract, so everything spawned from it is a "real" Bored Ape. It's kind of how we all agree who the real "Picasso" is. This isn't really controversial or hard to grasp, and imo Vitalik's article just muddies the waters.
It is. Who precisely is "We"? I personally never said 0x123457890 was the OG Bored Ape. What if I band together millions of people and determine that 99x12345678 which I own is actually the OG Bored Ape. How can you stop me? Isn't that what OpenSea is effectively doing...providing a centralized trust system to say "well of course everyone knows OpenSea is the source of truth because everyone knows it and the consensus is on the blockchain"
> A lot of Web3 platforms are in fact centralized. Your wallet (MetaMask), marketplaces (OpenSea), APIs (Alchemy) are all central platforms. Sure, they use a distributed database (blockchain), but before that it’s still a Go app on AWS, meaning its centralized. > Your wallet (MetaMask) Run your own node. This is lazy reporting to reach the end point about fawning over FreeBSD (its in the article, literally an article…
I find this article a little tough to take because of sentences like this one. I think it could have used a bit more proof reading.
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No, grandparent is absolutely correct. It's not magic, if they charged what tickets are actually worth, there would be no scalpers. That is not a libertarian fantasy or anything close to it, in fact it's not even controversial.
> if they charged what tickets are actually worth, there would be no scalpers Scalpers' motive is to gain profit off of a limited resource. It doesn't matter if the tickets cost even less than the concert costs to produce. By the way, who determines the "actual worth" of tickets? > That is not a libertarian fantasy or anything close to it That is not what I was responding to.
If ticket booths charged exactly what scalpers charge would that change anything for you?
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> When these occur it will be the decentralized blockchains like Ethereum with failsafes in place to survive, and it's the centralized blockchains like Binance that will implode. Didn't Ethereum recently disclose a major settlement vulnerability discovered by a researcher that could've forced a hard fork had this person chosen to exploit it? He got a multi-million dollar bounty for it I believe. This kind of certain…
This is like saying Heartbleed is proof the Web will never work. You can't even guarantee secure connections! What will happen when the spy agencies start using these?! Decentralization isn't proof a system has no bugs, it's proof the system works without an authoritative governance, which I will remind you is the topic at hand in this particular comment section. Is crypto a scam? Maybe, maybe not. If you think so, j…
What's amazing to me is that if you want to find any of these decentralized systems, you have to trust some centralized entity identifying them as the true system. For example, want to download MetaMask? How will you find it? Google MetaMask and trust that Google will have filtered out all the fake MetaMask wallets set up to steal your money. Want to lend money on a DeFi platform like Anchor? Again, Google and hope t…
Or I go directly to my friend's website that has a link to MetaMask's because I trust him.
To me the most damning thing said about web3 etc. to date is: https://github.com/cryptog0/welcome2web3#social-media-on-web... > The cost of storing information on the Blockchain is referred to as GAS and at the time of writting costs roughly $2 USD per 1kb of data. To put this into perspective, a high resolution photograph can be upwards of 4000kb, or $8,000. Even if this estimate is three orders of magnitude off, th…
Why would you put a photograph on the blockchain directly? The chain is for transaction processing, stuff like proof of ownership. Want decentralized storage? Toss it on IPFS.
Why would you toss it up on IPFS? IPFS isn't a decentralized storage network, it's a data routing/transmission protocol with a DHT.
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Isn't that a problem worth solving? It had to be solved for banks to work as reliable institutions. Having a single blockchain in the end is probably as bad as having a single bank, although for slightly different reasons.
You’re confusing the money itself with the institutions that manage the money.
Its possible in the future we will develop a mechanism that allows two completely unrelated & unconnected blockchains to transfer tokens between eachother. I assume there would have to be either an intermediate chain specific to this purpose or both chains would need to follow a similar implementation. So far we started with Proof Of Work, we now have Proof of Stake and Proof of History. There may be more mechanisms in the future.
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If you get banned from OpenSea but still want to sell your Bored Ape, you definitely still can, and almost certainly for whatever the market rate on OpenSea is.
What if the NFT itself gets banned from OpenSea?