111–120 of 373 posts
Is there a POS stablecoin blockchain with smart contracts in the works? Why couldn't it be done? Because founders wouldn't be able to hold 80% of coins so they can cash out like Vitalik, CZ, or Justin Sun?
Reading that twitter thread, and HN discussion here, I am again reminded how the whole startup scene looked before dotcom crash: insane valuations, lots of scammers, and what little utility there is, it's mostly for illegal means. (If you're saying that there's no real utility in Bitcoin, you really should google Hydra). But don't you wish you bought Amazon stock right after IPO?
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Where is a place to get a broader perspective on this? I've tried subreddits for some of the projects, the cryptocurrency subreddit, and google and youtube. I have a lot of difficulty cutting through the noise. (My sense is that projects like Ethereum could be extremely valuable but that its value is currently hurt by the speculation on Ether making transactions far too costly. I'd be very interested in getting expos…
I've found r/ethereum to be pretty level-headed. > Ethereum could be extremely valuable but that its value is currently hurt by the speculation on Ether making transactions far too costly FYI the price of ETH does not affect the transaction costs. The fee market is independent. There's solutions to this in place and more being worked on though. The 3 biggest contributors will be EIP 1559 which is meant to level out t…
Is there a POS stablecoin blockchain with smart contracts in the works? Why couldn't it be done? Because founders wouldn't be able to hold 80% of coins so they can cash out like Vitalik, CZ, or Justin Sun?
Here is a free tip if you want to do it anyway. DON'T CREATE ANOTHER F**ING TOKEN! Build you product on an existing reliable fast and cheap blockchain that fits your needs. Focus on the product not the price of tokens on said DLT. You dont need a token. No, really you dont. Your tokens only use case is likely to transfer value and guess which token can do this better than yours? All of them! Simply because they alrea…
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Crypto has no social value? I'm not in the space, but I think crypto has immense social value.
All the billions that went into it have what to show for? How has it improved anyones life besides making some early enthusiasts and lots of criminals rich? How is society better off? Lots of grand ideas that went nowhere because they are entirely unrealistic and divorced from reality.
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> Most of the projects with the highest market cap in the space either don't do anything, don't plan on doing anything and don't have any purpose. The second most valued crypto-currency is Ethereum. And the entire ecosystem around it does plan on doing a lot of things, starting with decentralised finance. There are also efforts to layer a network on top of Bitcoin in a bid to counter-act Ethereum. And competing netwo…
I said most because indeed most of the innovation, both technical and cultural originates from Ethereum. But DOGE, XRP, ADA, LTC, BCH, TRON, ETC. EOS, NEO, BSV are all in the top 25 and have nothing to show for it despite being some of the oldest players in the space. The L2 projects on Bitcoin are not new and they've never brought anything revolutionary. And I think BTC is fine without L2, it's a very different phil…
People have completely lost the value of money, do you realize how much money is $4.5 billion?
In 2007 Apple had a market cap of 80 billion and a P/E ratio of 26, it had revolutionary products on the market that were clearly going to change an entire industry while at the same time bringing in steady revenue, can you imagine how much it would be worth today in this bubble?
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> You dont need a token. No, really you dont. Your tokens only use case is likely to transfer value Other way round: transferring value to yourself is the only use case . If you take a second to look in the mirror and see the wreckage of previous startups in this space, you'll see that - as pointed out in the OP thread - 99% of the community is there for the pump and dump. For all the practical purposes, distributed…
Sounds to me as if you dont have any "blockchain project" ideas. That's fine do something else. If whatever you every wished to crate does not profit form this tech, it probably really just does not profit form it. Nothing wrong with that. It would be a shame to slap blockchain on a cool project that doesn't need it.
And that's because there's a huge fundamental cost to trustlessness, decentralization and permissionlessness that substantially no project actually benefits from.
Here is a free tip if you want to do it anyway. DON'T CREATE ANOTHER F**ING TOKEN! Build you product on an existing reliable fast and cheap blockchain that fits your needs. Focus on the product not the price of tokens on said DLT. You dont need a token. No, really you dont. Your tokens only use case is likely to transfer value and guess which token can do this better than yours? All of them! Simply because they alrea…
I suspect in the not-so-distant future, every company will have their own token, much like they have their own domain/website today.
> 9. The LAW. SO MUCH LAW. SO. MUCH. LAW. > 10. There's actually a good chance that there's not a single person in your entire state or country that knows how to do your taxes. And this is because your entire business model is to get around laws that were put in place ON PURPOSE.