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The Decentralized Future

blog.ycombinator.com

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Re: The Decentralized Future

#11

Post by rrecuero »

gervase wrote: post #9
rrecuero wrote: post #2

Happy to answer any follow-up questions here

I am really looking forward to "The Future of Organizations". I think decentralized governance and consensus is one of the most exciting aspects of these technologies, but are being totally drowned out by the fintech applications in the meantime. Hopefully this article will address some of these possibilities.

It will. One of the great companies in the space will write it.

I also recommend this article from Fred Ehrsam https://medium.com/@FEhrsam/blockchain-governance-programmin...

Re: The Decentralized Future

#12

Post by rrecuero »

ilaksh wrote: post #4
rrecuero wrote: post #2

Happy to answer any follow-up questions here

It's not quite a complete discussion without mentioning the transaction rate/scaling limitations and also Ethereum's sharding approach to this.

I tried to mention that scalability is a moving target. As you mentioned Plasma, Raiden and sharding are different approaches to solve it

Re: The Decentralized Future

#13

Post by mlinksva »

rrecuero wrote: post #2

Happy to answer any follow-up questions here

> It’s not a coincidence that the whitepaper was published after the 2008 subprime mortgage crisis.

Is there any evidence for this? Perhaps a statement from Satoshi that they were motivated to publish by the crisis?

Re: The Decentralized Future

#15

Post by rrecuero »

pavlov wrote: post #8

> I think the same is true with Bitcoin: traditional banking that takes days and charges high fees can be easily implemented on Bitcoin, but the opposite is not true. "Easily" here seems like major exaggeration. If that were true, projects like Lightning wouldn't exist.

This was true at different moments in time. Now, as you mentioned you would need to use lightning. You could do it with LTC right now

Re: The Decentralized Future

#16

Post by rrecuero »

mlinksva wrote: post #13
rrecuero wrote: post #2

Happy to answer any follow-up questions here

> It’s not a coincidence that the whitepaper was published after the 2008 subprime mortgage crisis. Is there any evidence for this? Perhaps a statement from Satoshi that they were motivated to publish by the crisis?

In the Genesis Block he explicitly references the post financial crisis bailouts.

Re: The Decentralized Future

#17

Post by sk221 »

rrecuero wrote: post #16
mlinksva wrote: post #13

Earlier quoted context omitted.

> It’s not a coincidence that the whitepaper was published after the 2008 subprime mortgage crisis. Is there any evidence for this? Perhaps a statement from Satoshi that they were motivated to publish by the crisis?

In the Genesis Block he explicitly references the post financial crisis bailouts.

Yep. He noted a headline in that day's paper

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Source: https://en.bitcoin.it/wiki/Genesis_block (or you can verify on the blockchain as well)

Re: The Decentralized Future

#18

Post by eosophos »

te_chris wrote: post #6

I’ve reacently read the Burnskie book about crypto assets in the hope that I might come away more enlightened about the market and how to assess it. The opposite was the case. After reading the book and looking into it more, it’s very hard to see these things as assets at the moment, or to see much utility in the technology. Don’t get me wrong, there certainly is some and it is certainly ‘cool’, but right now blockha…

How is trustless digital programmable peer-to-peer monetary transaction not a great solution to the antiquated, corrupt status quo?

Re: The Decentralized Future

#19

Post by erikb »

The nature of single things is decentralized. Therefore every new era starts with decentralization. The internet started off quite decentralized, for instance.

But do we really have a new era here? I'm not sure if with 32 years of age I'm already too old to recognize the New and grog it. I don't feel it. I feel there's a lot of buzz around blockchain, sure. But it looks like it would be all. Bitcoin is just as centralized as banks are, for instance.

And here is where the other stuff starts. When single things start systems these systems tend to be quite centralized. That is the natural order of systems. E.g., people could manage their own bitcoins on their laptop, but they choose to have an Exchange take that effort of their hands.

Seeing centralization take a foothold and not seeing anything real besides buzz, I'd argue the bet is still against.

On the other hand I'm seeing Amazong completely automating logistics in more and more areas of life. Shouldn't that be something to look into?

Re: The Decentralized Future

#20

Post by te_chris »

eosophos wrote: post #18
te_chris wrote: post #6

I’ve reacently read the Burnskie book about crypto assets in the hope that I might come away more enlightened about the market and how to assess it. The opposite was the case. After reading the book and looking into it more, it’s very hard to see these things as assets at the moment, or to see much utility in the technology. Don’t get me wrong, there certainly is some and it is certainly ‘cool’, but right now blockha…

How is trustless digital programmable peer-to-peer monetary transaction not a great solution to the antiquated, corrupt status quo?

Just because you put the words antiquated and corrupt in the question doesn’t make those two things true.

Based on my somewhat brief experience as a crypto investor it hasn’t given me great hope of it solving corruption...

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