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Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

mercuryprotocol.com

21–30 of 64 posts

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#21

I read the paper. Still not sure how this solves anything besides transferring wealth from the gullible to the authors: * Noted are the transactions-per-second limits, but solution is missing behind some handwaving * Lots of talk of fees for doing things like sending messages and lots of mentions of "premium" offerings. This is not a free messaging app (which means likely nobody will use it and the network effect wil…

I don't know about messaging, but paying per comment would be a really interesting idea. There are a lot of people out there who are very aggressive about posting in tabloid and newspaper comment sections. The comments are usually so argumentative, angry, and spiteful that I have to think that just having the comment itself appear on the page is worth quite a lot to those people.

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#22

I read the paper. Still not sure how this solves anything besides transferring wealth from the gullible to the authors: * Noted are the transactions-per-second limits, but solution is missing behind some handwaving * Lots of talk of fees for doing things like sending messages and lots of mentions of "premium" offerings. This is not a free messaging app (which means likely nobody will use it and the network effect wil…

I don't know about messaging, but paying per comment would be a really interesting idea. There are a lot of people out there who are very aggressive about posting in tabloid and newspaper comment sections. The comments are usually so argumentative, angry, and spiteful that I have to think that just having the comment itself appear on the page is worth quite a lot to those people.

But YOU wouldn’t pay to participate in a place where they can do that :)

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#27
Implementation issues around Mecury aside, a "fee-based" Reddit is a worthy experiment. Justin Kan had a similar idea with his Whale App. Get experts to answer serious questions regarding entrepreneurship and be compensated for their time. The market for this exists.

I also like the idea of reputation managed via distributed ledger. Hard coding trust is a raison d'etre for smart contracts to exist and although a personal "integrity score" acting akin to your "credit score" may sound dystopian it also is an interesting experiment.

Anyone recall "Whuffie" from Cory Doctorow's "Down and Out in the Magic Kingdom?"

https://en.wikipedia.org/wiki/Whuffie

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#29

Implementation issues around Mecury aside, a "fee-based" Reddit is a worthy experiment. Justin Kan had a similar idea with his Whale App. Get experts to answer serious questions regarding entrepreneurship and be compensated for their time. The market for this exists. I also like the idea of reputation managed via distributed ledger. Hard coding trust is a raison d'etre for smart contracts to exist and although a pers…

Check out Steemit: https://steemit.com/

It's pretty much a "fee-based" Reddit, where people who post content are rewarded for doing so.

Re: Mercury Protocol: Communication Platform Built on the Ethereum Blockchain

#30
post #25

I think this is the antithesis of the blockchain. I think a much better idea is: "Uncensorable Twitter". With how much twitter and Google censor users they find offensive I think a product like that would take off and not be too difficult to build.

The main problem with uncensorable platforms is the proliferation of illegal content especially illegal images.
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