41–50 of 168 posts
I'm thinking the people claiming that there are other motives behind this deal are probably right.
So I'm copying and pasting part of someone's comment I saw on mobile - which has since been flagged and removed for including their referral URL - because I wanted to reply to it. They said: "I've earned around 0.0060 BTC so far (~$50), mostly through airdrop offers -- without taking into account the airdropped crypto itself." What I wanted to reply was, no, you earned ~$50 if you sold it off immediately, however oth…
'When I get my paycheck, I earn my salary MINUS whatever "profit" my employer made from my work.'
This is disingenuous by ignoring risk and presupposing that (in this case) I have the same reach/clout/contacts/sales and marketing channels as my employer.
Earlier quoted context omitted.
This explainantion doesn't make sense. You're alledging a16z funded 21.co with $100M, then took it all back to buy Bitcoin? If that's the case earn.com would own the BTC, which would mean Coinbase acquired all the BTC held by earn.com Unless there is something I'm missing, this almost certainly did NOT happen
"21.co had been started as 21E6, a bitcoin mining company with a sizable data center footprint and a monthly bill to match. The company was set up to return mined bitcoin to its shareholders" https://medium.com/@balajis/the-turnaround-2d145589d814
This is too bad. I remember learning about 21.co (later earn.com) and being excited about the idea of using a pricing mechanism to eliminate spam and increase the quality of my inbox. This core idea is a big part of what I'm working on right now [1]. One thing that 21.co never really figured out was a killer use case, or how to best connect buyers with highly-targeted sellers in this "attention" marketplace. It just…
Actually, the one-to-one emails were only a small part of their business model. Earn has become popular among crypto companies for doing paid mass email campaigns. If you are on the site as a user it's obvious. You get a lot of paid messages if you sign up for the right lists. Not sure if it will scale, but interesting use of crypto. This is kind of a silly site, but it's one of the few articles I can find on the top…
21.co, now named Earn.com raised 100M dollars, but the rumor is A16Z used that money to directly buy BTC for their VC fund without making too much noise. Coinbase didn't buy them for 100M, but the VC's at A16Z might be sitting on a billion dollars if they invested in BTC when 21.co was started. Anyone else hear about this rumor?
The story behind this theory (which is quite plausible imho) would be much more interesting than the public remarks from earn and coinbase. The actual products released by the company have always seemed pretty trifling considering the massive amount of funding. Things never really added up.
I signed up for this platform early on but never felt like it was anything more than a convoluted engine for getting me to transact with spurious ICOs.
Earlier quoted context omitted.
How did this become religion on HN? Interesting things in crypto-blockchain tech, today: * Origin * NuCypher (disclaimer: I'm on this team) * Loki * New version of web3.py / other python tooling becoming mature * Trustless Quorums * Distributed validation I can go on and on. But I just don't see how anybody can think that these are uninteresting times for this tech.
I’ve checked NuCypher’s homepage and I find a bit strange to have that much emphasis on the blockchain on your homepage and at the same time only 5 occurrences of the word "blockchain" in your 21-pages whitepaper. Am I missing something?
1) The whitepaper describes the nature of our network and how Alice and Bob use it. It does not describe (and isn't meant to describe) node operation except as Alice and Bob need to understand it. We'll have an additional node operation whitepaper that describes the smart contracts in more detail. We - and I know this may sound strange - decided to build our cryptography and network first and foremost rather than race to build "something, anything, as long as it's blockchain."
2) Do you think that the whitepaper insufficiently describes how Alice and Bob use the blockchain? If so, do you have suggestions for how we can do this better? I think our whitepaper is pretty solid, FWIW. If you are Alice or Bob, I think this gives you exactly the understanding of the blockchain application that you need.
21.co, now named Earn.com raised 100M dollars, but the rumor is A16Z used that money to directly buy BTC for their VC fund without making too much noise. Coinbase didn't buy them for 100M, but the VC's at A16Z might be sitting on a billion dollars if they invested in BTC when 21.co was started. Anyone else hear about this rumor?
> And to make matters worse, all the BTC returned to shareholders by the mining operation was in danger of being completely clawed back if the company entered a messy bankruptcy.
Earlier quoted context omitted.
How did this become religion on HN? Interesting things in crypto-blockchain tech, today: * Origin * NuCypher (disclaimer: I'm on this team) * Loki * New version of web3.py / other python tooling becoming mature * Trustless Quorums * Distributed validation I can go on and on. But I just don't see how anybody can think that these are uninteresting times for this tech.
It's what's known as a mid-brow dismissal. The average HN commenter feels a gratifying sensation of intelligence when they point out that "a blockchain is just a database". They can feel that they are debunking a con with their razor-like intelligence, like Neo, escaping from the matrix.
There are so many projects that promised the world and did not deliver, as well as so many projects that ended up being outright scams, that it's not surprising that when someone says "but what about Blockchain X, Blockchain Y and Blockchain Z projects?", we all roll our eyes and think "I'll believe it when I see it."
It's not as if any blockchain project has provided a long lasting use case beyond speculation, in which case you calling us all idiots would be warranted. After 10 years of flops, the burden to show how interesting these technologies are is on you now.