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Mastering Monero: The future of private transactions [pdf] (2019)

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Re: Mastering Monero: The future of private transactions [pdf] (2019)

#11

Post by jrm4 »

birdyrooster wrote: post #5
jrm4 wrote: post #4

Earlier quoted context omitted.

Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)

We are so familiar with the technology we have actual informed opinions in either direction. The only dispassionate people are those who don’t know yet.

Not what I've seen here. This is one of the few topics here where I think emotion STRONGLY gets in the way of reason. Too few people are "first princpl-ing" this to understand that the crypto-train, to some extent, is happening whether any of us like it or not.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#14

Post by tibbetts »

jrm4 wrote: post #4
WrtCdEvrydy wrote: post #2

Crypto content on HN... this is either gonna go really great or the opposite of that.

Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)

I think of it as a bunch of bad early implementations that are being used for dubious financial purposes and outright fraud, fueling a bubble. The same could be said for joint stock corporations in the 1600s. Something can be inevitable (maybe it is maybe it isn’t) and the current situation can still be bad.

Someone in the 1600s saying that joint stock companies are terrible, solve a problem that doesn’t really need solving, and are being used to rip off investors and fund unethical colonialism would have been right. It took a while before people used them in good ways. And even today they are questionable.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#15

Post by psychoslave »

jrm4 wrote: post #4
WrtCdEvrydy wrote: post #2

Crypto content on HN... this is either gonna go really great or the opposite of that.

Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)

No hate, but no interest either.

After all these years, all scam stories apart, what crypto allow its users to do that they would not be able to do otherwise with less resources? Really I don’t know, and I admit I never wanted to dig the topic as there are many other topic I will never have the time to learn and yet doesn’t seem to have such an issue of what is at best a tremendous noise/signal ratio.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#16

Post by HideousKojima »

jrm4 wrote: post #4
WrtCdEvrydy wrote: post #2

Crypto content on HN... this is either gonna go really great or the opposite of that.

Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)

>inevitability

I think it's the crypto bros who misunderstand it's "inevitability." Crypto has far, far fewer practical applications than the people pushing for it it claim. There are two useful situations for crypto:

1) Where you need a trustless distributed consensus method or database (and where the Oracle Problem doesn't get in your way). Trustless is the key word here, 99% of the time that someone proposes a potential use for crypto it would be better served by traditional databases like Postgres, or traditional consensus algorithms like Raft, because being able to handle such things in a trustless manner isn't actually as desirable as crypto bros suggest.

2) Where you need to bypass financial regulations, sanctions, laws, etc. Crypto has shown some real utility for buying illegal drugs and guns online, for example. Whether or not you see this as a good or bad thing depends largely on your political leanings.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#18

Post by nicholasbraker »

jrm4 wrote: post #4
WrtCdEvrydy wrote: post #2

Crypto content on HN... this is either gonna go really great or the opposite of that.

Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)

I think tech people are in the best position to judge that in most cases the technology doesn't bring any benefits that a current / non-ledger like technology doesn't bring already. Use-cases are few and far between. I doubt it's actually inevitable. (again some use cases are, especially in the utility realm)

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#19

Post by EscapeFromNY »

Monero is perhaps the only cryptocurrency that both works as advertised, and has gathered a self-sustaining userbase.

No $20 transaction fees. No influencer pump and dumps. No VCs who need to extract value. No fork drama. No unrealistic roadmap. No charismatic leader boiling the frog with scope creep. It's not trying to be an investment. It's actually private. It's actually anonymous. This is all a lot of us ever wanted from a cryptocurrency.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#20

Post by StingyJelly »

sircastor wrote: post #9
WrtCdEvrydy wrote: post #2

Crypto content on HN... this is either gonna go really great or the opposite of that.

I’m kind of surprised it made it to the top of the page. HN is certainly divided about crypto, not recently it has felt to me it’s slipped the wayside in favor of AI stories.

There are aspects to hate about crypto but monero is not one of them.
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