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I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

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Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#251

Post by seibelj »

hnthrow1010 wrote: post #227
seibelj wrote: post #206

Earlier quoted context omitted.

This is absolutely true - binance plus stablecoins is how the economy works there.

That seems obvious to me that they absolutely don't want crypto. If it's stablecoins they're after then what they really want is USD, so badly that they'll use whatever shady unregulated crypto bank sells it to them.

They will use crypto because it’s far more difficult to censor. The governments have been able to prevent individuals from storing and saving wealth, but this is becoming a lot harder and will continue to be ever harder.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#252

Post by hnthrow1010 »

seibelj wrote: post #251
hnthrow1010 wrote: post #227

Earlier quoted context omitted.

That seems obvious to me that they absolutely don't want crypto. If it's stablecoins they're after then what they really want is USD, so badly that they'll use whatever shady unregulated crypto bank sells it to them.

They will use crypto because it’s far more difficult to censor. The governments have been able to prevent individuals from storing and saving wealth, but this is becoming a lot harder and will continue to be ever harder.

I've never seen any reasonable explanation for that to be true. Crypto is very easy to censor, just ban the exchanges. Or if the government is really nasty, shut down the national internet.

And if you think they could set up a satellite connection and a mesh net in response to this, they could also use that kind of setup to transact strictly in USD, with an offshore bank. No crypto required.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#253

Post by simonw »

seibelj wrote: post #249
yao420 wrote: post #219

Earlier quoted context omitted.

Any proof? Have you personally seen and used it? Seeing as you’re the CTO of a nft company you clearly have bias.

I’ve been in this space for a long time, know a lot of people. Lebanon is another country that is heavily using crypto. You will see a lot of countries with corrupt governments and central banks become bottom-up crypto centric, but this won’t be reported for a long time until suddenly the NYT will release an article and only then it is “actually” happening. Here’s an informative episode on a podcast if you actually c…

The summary of that podcast episode says:

> Thomas Semaan is an ex-student of Saifedean who has been active in the Lebanese bitcoin scene. He joins us to tell us about the Lebanese fiat crisis, how bitcoin has helped him and other bitcoiners, and compare its effectiveness to political activism and delusions of reform.

This is the problem. Obviously bitcoin is of use and interest to bitcoiners. What we're trying to understand is if regular, non-bitcoiners are getting value from it on a large scale.

Is crypto in Argentina and Lebanon something that has a real impact on regular people who are not deeply involved in the technology?

This is why I only believe it when a publication like the BBC or the NYT cover it: crypto incentivizes people who hold it to boost it, so it's very hard to trust stories that don't come from news sources with strong conflict of interest policies and a long standing reputation for journalistic integrity.

That podcast is called "The Bitcoin Standard"!

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#254

Post by boppo1 »

hnthrow1010 wrote: post #250
boppo1 wrote: post #236

Earlier quoted context omitted.

I agree that bitcoin needs to decide whether to be an investment or a commodity of exchange. > If everyone is hoarding bitcoin how can you use it to buy things? When people need something more than bitcoin, they'll trade for it. Food, shelter, medicine, etc. People will certainly trade for these things. But maybe they'll pass on replacing a phone that's only 2 years old or getting an xbox or 6 pack of beer. It's fasc…

>You're so against people hoarding, i.e. saving money? The problem with this kind of system: It's not just about saving. What's actually happening is those who have saved more are accumulating even more money by doing nothing, and everyone else who needs to spend it to buy food and shelter is suddenly losing more and more of their money. When it starts happening at a faster rate than the economy is producing actual v…

Hmm. What if we had a central committee mandated to target 2% deflation? Just the right amount of saving, not too much.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#255

Post by hnthrow1010 »

seibelj wrote: post #249
yao420 wrote: post #219

Earlier quoted context omitted.

Any proof? Have you personally seen and used it? Seeing as you’re the CTO of a nft company you clearly have bias.

I’ve been in this space for a long time, know a lot of people. Lebanon is another country that is heavily using crypto. You will see a lot of countries with corrupt governments and central banks become bottom-up crypto centric, but this won’t be reported for a long time until suddenly the NYT will release an article and only then it is “actually” happening. Here’s an informative episode on a podcast if you actually c…

I don't have time to listen to this podcast (I'll read a transcript if you have it) but just to respond to your comment: I've never seen the question of what happens after a society becomes "bottom-up crypto centric" get addressed. You have a country where the central bank is suddenly not doing anything, tax fraud is rampant, and the local currency is now further on the brink of collapse. All the citizens' money is effectively being funneled away into entities operating as foreign banks. The government is forced to accept crypto to avoid insolvency and now makes it so you have to pay your taxes in it. If they're still corrupt they'll force people to follow the same regressive restrictions again, and no one will be able to do anything about it because the blockchain is all public. How is this going to help anything? I'm trying not to be bleak here but the idea here seems to be disregarding any hope of reasonable reform.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#257

Post by seibelj »

hnthrow1010 wrote: post #252
seibelj wrote: post #251

Earlier quoted context omitted.

They will use crypto because it’s far more difficult to censor. The governments have been able to prevent individuals from storing and saving wealth, but this is becoming a lot harder and will continue to be ever harder.

I've never seen any reasonable explanation for that to be true. Crypto is very easy to censor, just ban the exchanges. Or if the government is really nasty, shut down the national internet. And if you think they could set up a satellite connection and a mesh net in response to this, they could also use that kind of setup to transact strictly in USD, with an offshore bank. No crypto required.

A lot of poor countries with socialist / corrupt governments like Argentina rely extensively on informal money transmitter networks as well as money remittances. Exporters earn hard currency which is stolen by the central bank and converted into disgustingly inflated fiat, and then politically favorited importers get access to whatever hard currency hasn’t been looted outright by politicians. Small people have to get dollars other ways.

Stablecoins are acquired in less-authoritarian countries and then sent to people in Argentina and other socialist / corrupt countries. They then circulate among the people just like paper dollars do. As this black market grows it is very difficult to shut it down.

Anything is possible but I think it’s more likely the socialists try to adapt to this new world rather than shut down the internet. It will be interesting to see what new theft they come up with.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#258

Post by testesttest »

yokem55 wrote: post #246
testesttest wrote: post #55

Earlier quoted context omitted.

Have you tried storing the list lately? I don't think you have a 10TB plus flash drive. https://etherscan.io/chartsync/chainarchive Crypto is more and more centralised because the hardware to run your own node is now thousands of dollars. That is without even getting into miners...It is kinda failing.

This chart is kind of dated and misleading at the moment. 1) You don't need an archive node to fully verify the current state of the chain. A full geth node in full sync mode (about 600gb) will process every transaction of every block and get you the current state. You only need an archive node if you want the history of each account and contract separately indexed. 2) Folks that do want an archive node can now use m…

1) you need an archive node to get historical events which is the only way to do lots of things. E.g. scrape all NFTs

2) Erigon has horrible bugs and is missing data. I filled a ticket against one such issue and they "fixed" it by making the exception go away and returning null. Their lack of attention to detail made me abandon the project.

If you know someone in the project I can produce MANY examples and would be willing to do so because running an archive geth node sucks.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#259

Post by hnthrow1010 »

boppo1 wrote: post #254
hnthrow1010 wrote: post #250

Earlier quoted context omitted.

>You're so against people hoarding, i.e. saving money? The problem with this kind of system: It's not just about saving. What's actually happening is those who have saved more are accumulating even more money by doing nothing, and everyone else who needs to spend it to buy food and shelter is suddenly losing more and more of their money. When it starts happening at a faster rate than the economy is producing actual v…

Hmm. What if we had a central committee mandated to target 2% deflation? Just the right amount of saving, not too much.

That would be disastrous for anyone who has a debt to repay.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#260

Post by dang »

hnthrow1010 wrote: post #229
dang wrote: post #202

Earlier quoted context omitted.

> I keep saying this, but: Please don't do this. We want curious conversation, not repetitive talking points. https://news.ycombinator.com/newsguidelines.html https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so... I don't mean to pick on you personally—it's a serious problem with all threads on this topic.

I can't speak for the parent comment but I've had the same problem myself in discussing this. I would actually love to have to stop repeating myself, but the crypto CEOs keep also repeating the same marketing lines over and over again with reckless abandon and then a new group of people reads it and pops up the next day asking the same questions. Sometimes I can even directly map some comments to a series of tweets f…

If both sides are just repeating the same points, then there's no diff, and if there's no diff then it's off topic for this site. Diffs are what's interesting.

https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...

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